RISMedia, July 20, 2010- Although some sectors of the economy are fighting back to regain their foothold, the market for vacation homes have increased in numbers. This is good news for those who are buying or selling Carmel CA homes, since it is a popular choice as a vacation home. Data from the NAR shows vacation home sales rose 7.9% to 553,000 last year from 513,000 in 2008.
Many buyers outside the U.S. are searching for houses in other countries where they get more value out of their money. This results to the second home market witnessing many new destinations around the globe. Hotspots like Panama, Honduras, Costa Rica, Belize, southern Mexico, Croatia and Turkey are all enjoying growth in the vacation home market. Getting a second home, aside from Carmel CA homes is a great way to invest extra money.
“A number of Second and Third World venues capture our fancy, including Panama,” wrote William P. Barrett in a recent Forbes article. “Panama has the added advantage of being a relatively short plane ride from the U.S.” Another recent article, this one written by associate editor of Kiplinger’s personal finance section, Laura Cohn, also extols Panama’s financial benefits. Cohn says, “With all of its benefits and active expatriate community, Panama is among the most affordable and appealing options.” (Quoted from: http://rismedia.com/2010-07-19/u-s-second-home-sales-increase-lifestyle-and-economical-benefits-attract-vacation-home-buyers/)
Many Americans are looking for a great way to take a break and relax, and Panama offers not only a relaxing tropical lifestyle, but inexpensive real estate as well. So, if you want a place to relax and have fun outside Carmel CA homes and you can afford to shell out a few thousand dollars or two, then a vacation home in Peru is a good option.