I stumbled upon this interesting article regarding Panama city’s boom. For Miamians, it is important to keep an eye on the Panama boom, because the country is poised to compete for Miami’s lead role in hemispheric trade. The article, however, sheds light on the market’s extreme speculation and the possible consequences of it:
“Panama City may become known as the biggest real estate scam in modern history”.
The article’s author cites several reasons why the Panama City boom is disconcerting and may lead to an implosion.