Buying real estate properties in Panama
has never been so safe and easy. In fact, the only problem
one might encounter is coming up with a final decision on
which locations to acquire one. From the modern metropolis
to real estate by the mountains and beaches, everyone who
considers owning a property in Panama will be very happy of
getting more of what they want at a little cost. No wonder
Panama is fast becoming an international destination for foreign
residents, retirees, and real estate investors nowadays.
Panama City, the country’s capital, boasts of numerous
high-rise condos full of amenities and luxurious but affordable
apartments located just near shopping centers, grocery stores,
banks, pharmacies, parks, etc. You can choose anywhere from
San Francisco, El Cangrejo, La Cresta, and Bella Vista just
to name some of the most popular in Panama City.
How about a place you would love to call home that is beautiful
inside and out? Then, you can opt for the slightly expensive
but popular places like Punta Pacifica, Punta Paitilla, and
Marbella which are just located along the bay of Panama; offering
its neighborhood panoramic vistas of both the ocean and city.
Now, real estate outside of the city is what everyone considers
a haven - great climate, roaring rivers and misty mountains
ideal for those who want to be close with nature.
If those are not enough, consider these advantages every foreign
investor in Panama is entitled to:
• As a foreign resident, you are not required to pay
property taxes for 20 years if you buy or build a new house
• Foreigners can buy and own property anywhere in Panama
with the same rights and protections as Panamanians citizens.
• Panama's Pensionado Program for foreign residents
includes benefits such as tax breaks, discounts on public
transportation, medical care, prescriptions, restaurants,
airfare, and much more.
• The lack of hurricanes and the U.S. dollar as currency
are some of the many additional reasons to move and live in
However, even if the government of Panama had designed laws
to ensure the safety of foreign investors in their country,
as a general buying rule, it is always important to understand
the process of transactions before closing a deal.
First of all, Panama has three different types of property
namely; Titled property, Possession Rights property and Concession
Property. Whichever type of property you choose to acquire,
real estate experts recommend buyers to take extra precautionary
measures by seeking professional help. We, can help you decide
by offering comprehensive real
It would also be important to note that contracts written
solely in English hold no legal weight in Panama and that
all judicial process in this country are conducted in Spanish.
In view of the fact that signed contracts are legally binding
documents, real estate buyers must ensure that they have read
and completely understood everything that is written in the
document before signing. Click here if you need translation
Please see our property listings below or
contact us for more information.