Panama
What do I need to know when buying property in Panama?
When we asked expats what advice they would give a foreigner before buying a property in Panama, they said...
"Use only a well known reputable realtor and have an attorney. If you hire professionals listen to their advice. We bought prior to moving here 2 1/2 years ago, and we bought sight unseen as it was an unusual opportunity. The process went smoothly, no issues. We couldn't be happier with our property and in retrospect we really got a great deal on a great property," said another expat in Boquete, Panama.
"When someone is planning to retire in a tropical paradise like Panama, owning a home, investing in land, acquiring a beach-front property are only some of the reasons why it is important to learn the rules regarding real estate in the Republic of Panama. No matter for what purpose the land is being purchased it is important to learn as much as possible regarding the property, including but not limited to limits and boundaries, its encumbrances, registered value, official blueprints, tax burdens and others. First and foremost, the Panamanian constitution and Panamanian law allows for both nationals and foreigners to purchase titled property in Panama," wrote Business Panama from Business Panama Group.
The Business Panama Group (“BusinessPanama”) is a well-established group of companies, professionals and alliance partners promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business, legal and investment services to individual and corporate investors.
Click connect to have our partner, Business, contact you via e-mail and/or phone.
The Business Panama Group (“BusinessPanama”) is a well-established group of companies, professionals and alliance partners promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business, legal and investment services to individual and corporate investors.
Click connect to have our partner, Business, contact you via e-mail and/or phone.
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Other Questions:
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What do I need to know when buying property in Panama?
If you live in Panama, newcomers to Panama would love to hear your answer to this question:
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
