Hello,
I’m interested in buying a luxury condo in Gorgona, Panama. But I’m not sure if this is the best time to buy. If I buy now the builder is offering 4% on a $172,000 70 square feet unit and it will cost an extra $25,000 for furniture and appliances. But if I wait one year I will be able to purchase a fully furnished unit with cash. There’s one selling now for $160,000.
So my question is do you think, considering COVID, that now is the best time to buy, or should I wait another year when I have the cash. Or if I wait is it possible that prices go up much higher. I’ve attached copies of the documents so that you may see research on the exact property in question. I would also like to know the 5-year value projection of this property.
Thanks so much
