Real Estate in Panama City, Panama

"I made a visit here in August,stayed in a pretty basic place in el Cangrejo, and felt quite at home. It reminds me of Greenwich Village in NYC. I'll be staying in the same place for a month, plan to begin the Pensionado process with a recommended-by-expats att'y., and then move about 1 1/2 hrs.outside the city, coming back in as needed to complete the paperwork," explained one expat living in Panama City, Panama.

"One of the best ways to find a place to live in Panama City is to use online resources such as websites like Encuentra24.com, PanamaRealEstate.com, and PanamaLiving.com. These websites offer a variety of listings for apartments, houses, and condos in Panama City. Additionally, you can also search for rental properties on popular real estate websites such as Zillow and Trulia. Additionally, you can also contact a local real estate agent or property management company to help you find a place to live in Panama City," said one person in Panama City.

"Depends which part of Panama City you live. We chose to buy a new high rise Condo, 100 meters = 1076 sq ft. Plenty of space for 2 bedroom and 2.5 bath. We always dreamed of living in a high-rise condo in the US when we downsized, and this place does not disappoint! 24/7 Front Desk Security. They deliver my mail to my door. High end Gym, Pool, Jacuzzi, Game Room, Paddle Ball, Social area, wine lockers, parking garage, storage locker(I bought it, but it was like $6,500 only). Walking distance to shops. And fiber optic internet. Spanish helps and working on it. Although, just try most locals know a little Spanish. And many of the Expats are from other Latin American Countries, and many of them speak English fine," said one expat who made the move to Panama City.

"Actually, they are comparable! I came here from living in Phoenix for the last year. Had to be very fiscally conservative there-just another victim of the economic debacle-and so I am prepared to continue this ecomically challenged life-style. It is what it is! Panama offers such an amazing variety of natural riches,that I feel quite wealthy! And grateful for this opportunity to live a different kind of life and blessed to be here," said one person in Panama City.

"The cost of housing in Panama City can vary greatly depending on the area and type of property. Generally, the average cost of a one-bedroom apartment in the city center is around $800 to $1,000 per month, while a three-bedroom apartment in the suburbs can cost around $1,200 to $1,500 per month. Prices for larger homes and luxury properties can range from $2,000 to $5,000 per month," remarked one foreigner who made the move to Panama City.

"Electricity more, especially when fuel prices soar. Cable is same. No ppty taxes, but now have $400 a month maintenance in the bldg, which includes water, garbage, common area items. When I look at check registers from California, I'm reminded that we paid a monthly (smaller) fee, but paid for garbage removal, gardener for back yard, all utilities, cable, phone. Here I can live with a cell phone only," explained one person living in Panama City, Panama.

"Panama prices are still low but not like advertised by different websites. The retirement (jubilado) discount is interesting but not fully discounted as advertised, it's not 25% on the total electric bill, it's 25% of the of a portion of the electricity used so far away from 25% of total bill. Hotels are discounted by 25% but from their highest price so if a hotel is showing a special price of $100/night, you won't get 25% off $100, you will get 25% of their regular price that maybe around $150 so you better use their special rare and not applying your jubilado discount. For restaurants, the 25% discount worth it but it's not 25% off the total bill, it's 15 to 25% on portion of the bill but still worth it. Condo/house purchase or rental are cheaper. Food is not cheaper then the USA and even higher so if you buy locally food, you will save but limited on your choice. If you buy some food products from the USA, you will pay full price....higher then the USA. Panama is hot and Humid besides if you live in the mountains but there are negative aspects to it. My wife and I live in Panama and we like it so this message is not to sugar coat Panama but to be realistic. We like Panama, people are very friendly with no crazy politic discussions. You don't hear about shooting here and there on daily basis, it is safe and quiet place. They use the US currency, it's not to far away from the USA so it's interesting," said one expat in Panama City.

"Buying a home in Panama City can be a great investment. The city is growing rapidly and real estate prices are on the rise. Renting a home in Panama City can also be a great option, as it allows you to experience the city without the commitment of buying. It is important to consider your budget and lifestyle when deciding whether to buy or rent a home in Panama City," said one expat who made the move to Panama City.

"Yes. a condo. Process is kind of sloppy. A bit tricky. Need a good attorney. a lot of patience," explained one foreigner living in Panama City, Panama.

"1. It is important to research the area you are interested in buying property in, as different neighborhoods have different characteristics and amenities. 2. It is also important to understand the local laws and regulations regarding property ownership, as well as any taxes or fees associated with purchasing property. 3. It is recommended to hire a local lawyer to help you navigate the legal process of buying property in Panama City. 4. It is also important to consider the cost of living in Panama City, as well as the availability of public transportation, healthcare, and other services. 5. Lastly, it is important to understand the local currency and how it affects the cost of living and purchasing property in Panama City," said one person in Panama City.

"Yes, foreigners are allowed to own property in Panama City. The Panamanian government has established a legal framework that allows foreign individuals and companies to purchase and own real estate in Panama. Foreigners can purchase property in their own name or through a Panamanian corporation. The process of purchasing property in Panama is relatively straightforward and can be completed in a few weeks," said one person in Panama City.

"In Panama City, rental properties typically include a refrigerator, stove, oven, and washing machine. Additionally, some properties may include air conditioning units, dishwashers, and microwaves," said one in Panama City.

"Expats can search for homes in Panama City by looking online for real estate listings, contacting local real estate agents, and searching for rental listings on websites such as Airbnb and VRBO. Additionally, expats can look for housing options in local newspapers and magazines, or ask friends and family who have lived in Panama City for recommendations," explained one person living in Panama City, Panama.