Residential properties for sale in Panama
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Frequently Asked Questions About Real Estate in Panama
Do foreign citizens have the right to buy a home in Panama?
Foreigners can buy real estate in Panama, including land, under the same conditions as locals. However, there are special rules regarding coastal areas, with the area 200 m from the high tide line considered public and, in principle, not subject to sale or purchase.
Can a foreigner rent out the purchased property?
Yes, you can buy a property in Panama specifically for short-term or long-term rental and earn up to 6% per annum.
What is the average price per square meter of property for sale in Panama?
The highest cost of real estate in Panama is observed in the capital - Panama City: for 1 sq.m. they ask from 2000 to 3800 US dollars. In Boquete and Coronado 1 sq.m. costs about 2000 US dollars, in Bocas del Toro - 1500 US dollars.
Where in Panama do foreigners most often buy housing?
Panama City is the most popular resort, followed by the resort of Coronado, surrounded by the Boquete Mountains, and the town of Bocas del Toro.
