Posted by Maria Arias on June 20, 2017 | Real Estate Advices | 0

Buying Property in Panama

If you want to invest in Panama, you most consider buying a property in Panama. Panama is perfect for a real estate investment because the market has been one of Central America hottest over the past ten years. Before buying property in Panama you need to do a research. In Panama, there are properties of all types and prices, with new construction in every sector. You can find from luxurious high-rise apartment to a tropical beachfront house or a beautiful mountain property. 

Buying a property in Panama is safe and easy, foreigners enjoy the same property rights as Panamanians. Panama's constitution protects private property and its owners. 

Before investing in a property in Panama, you should explore the country first and see what Panama truly has to offer. Before coming to Panama you can contact a real estate agent, who know what's on the market and can explain the pros and cons of each property to you. 

Neighborhoods 

After you have a solid understanding of property values, it is time to choose the area. You will need to decide where you want your property to be located. Panama has middle to high-end apartament in the city, but it doesn’t stop there. There are also properties on beaches, islands and in the mountains. 

High-end apartments Panama City are targeted towards foreigner vacationers, expats, and traveling business executives. Popular neighborhoods include Punta Patilla, Punta Pacifica, Casco Viejo, and Avenida Balboa. Middle-class neighborhoods like San Francisco, El Cangrejo, El Dorado, Bella Vista and others are good places to live. 

Your neighborhood is as important as your property, so take your time, ask a lot of questions, and explore as much as you can.

Advantages of living in Panama