Property for Sale in Panama, Central America

Buying property in Panama is very safe for foreign investors. It is legal for foreigners to own titled property in Panama in their personal names, although it is normally recommend that foreigners hold all property in the name of a Panamanian corporation for asset protection and tax reasons.

Property in Panama can be classified into 3 categories: Government property, squatter property and titled property. The government property is largely in remote places and jungles. Squatters illegally occupy government land and claim ownership after many years. Squatter property may not have proper titles, as the legal rights may be granted only several years of occupation. Titled properties are those whose ownership is recorded in the National Registry. It is the only property that Foreigners should buy.

Buying a property in Panama is relatively easy and there are property laws in place that fully protect the rights of a foreign owner just like the locals. You can buy and sell property any time you like and fully repatriate the proceeds with you.

The property tax laws are investor friendly; you can claim exemption from taxes for 20 years when building a house.

Look at lots of properties before you buy. If you are looking at rural or island properties, make sure you see it during the rainy season. If its not elevated, it might be a swamp. Real Estate in Panama is a Buyers Market. Take your time and look at lots of property.