START THE YEAR INVESTING IN A PROPERTY WITH A MORTGAGE LOAN
It is common to find lists of goals and proposals for a new year, for young people one of the goals may be to buy a car, study, learn a language, travel, among others, but there is a goal that lately appears with greater recurrence in the real estate market, it is the acquisition of a property.
Although it could be thought that young people are looking for quick experiences and transactions that can be carried out without much paperwork, in the real estate market there has been an increase in the acquisition of properties by this age group during the last few years.
Currently, banks offer the possibility of acquiring properties with little paperwork thanks to mortgage loans that provide the possibility of paying off a loan in the long term.
In Panama, there has been a recent growth in the use of mortgage loans to acquire housing, since they offer a trio of fundamental possibilities, namely:
Buying and investing in the future, with low-cost real estate that can be adjusted to the economic income of young people.
In some cases, banks offer loans for those who have an initial investment.
In other cases they can offer mortgage loans with full coverage of the property.
THE IMPORTANCE OF INVESTING IN TIME
Although it is true that the real estate market can sometimes be unfavorable for investors, it is necessary to be attentive to the indicators that point to a good time to buy. The first months of the year turn out to be ideal for acquiring a property, as companies and real estate companies prepare and elaborate attractive proposals.
The current trend of the Panamanian market indicates that rather than offering luxurious properties for tourists, the activity is concentrated in the most economical options with possibilities for young investors, in addition to this there is a wide offer of apartments, above the spacious houses with large extensions of land, which is ideal for young singles or young couples.
As for the requirements to apply for a mortgage loan in Panama, it is necessary to know from the beginning that they will not be unattainable documents, nor abysmal demands. You only have to read carefully and be organized, since the loan is calculated according to your income.
