Asset Protection Blog – Asset Management – Asset Allocation

The global recession and the U.S. crackdown on offshore jurisdictions have seriously affected Caribbean economies.  One of my colleagues recently returned from a two-week visit to several Caribbean countries.  Here’s his report: Panama: Real Estate Boom Ending A year ago, the real estate boom was in full swing.  About 17,500 units—mostly high-rise condos—were ready to come on the market.  In some cases, a condo would double in value during the time it was being built.  Some developers even sold the same unit twice.  For instance, a developer would sell a unit for US$500,000, and then sell it a second time for US$1 million.  If the first buyer complained, the developer would refund his or her [...]