Panama can offer a very wide variety of real estate options to choose from. These include both the Caribbean and Pacific Oceans, including the beaches and islands around and mountains with great climates. There are also beautiful rivers, valleys, rain forests, jungles as well as metropolitan cities and suburbs.
The procedure of Buying real estate in Panama isn’t much different than in other countries. The majority of the properties have titles or can be titled if necessary. Mortgages are also optional and available and Panama has foreign investor protection laws which guarantees the rights of land ownership. A record of all titled properties are accessible at the public registry of Panama. You can also access it online.
Panama is becoming more and more popular as a vacation destination or country to retire. This makes real estate investments in Panama very attractive to tourists, people who want to retire and general investors. Panama offers excellent programs for people who want to retire, it has great climate, cost of living of affordable and crime rate is low. If you are a foreign investor, Panama can offer great advantages which include a US dollar based economy, international banking and more.
Panama’s real estate market has proven to be strong, hence this is why several international real estate firms established franchises in Panama City. Major banks such as HSBC, and Citibank have established franchises as well in order to provide total financial services.
Additionally, Panama’s position allows direct flights to major cities which provides a great advantage for many investors.
Panama City has become a modern metropolis – It offers exclusive residential areas like Marbella, Paitilla, Coco del Mar, offer a wide range of apartments for sale. Suburban residential areas like Amador Heights, Balboa and Albrook offer a wide variety of attractive single-family homes and apartments.
Going outside Panama City, places like Chiriqui, El Valle, and Altos de Maria can offer beautiful real estate properties. These places are known mostly for their cooler climates and their peaceful atmosphere, making it ideal for those interested in retiring abroad.
properties in Coronado, Gorgona, San Carlos and Punta Chame would be ideal for beach resorts and residential beach areas. In these places you can find supermarkets, pharmacies, restaurants, hospital and banks.
MLS Acobir, is the most preferred property list in Panama. Please contact us for all of your Panama Relocation and real estate needs.
