Are you exploring Panama real estate as an investment and have started thinking about legal requirements, tax considerations, and how to minimize risks? Here at Panama Centro Realty, we work with buyers at every stage — whether you’re new to the market or looking to expand your portfolio. We’ve put together a few key tips to help you make confident decisions.
Use the Friendly Nations Visa to your advantage
If you’re from a country that has strong professional or economic ties with Panama, you might qualify for the Friendly Nations Visa. To apply, you’ll need to show at least $5,000 in a Panamanian bank account — plus more if you have dependents—and purchase a property worth at least $200,000. In 2024, 98.6% of applicants who met these criteria were approved.
Take advantage of the rainy season
Panama’s rainy season (between May and November) tends to slow down the market. There are fewer buyers active during this period, so you may be in a better position to negotiate pricing or secure favorable terms, especially on properties that have been on the market for a while.
Hire a local, bilingual attorney
Most real estate documents in Panama are written in Spanish. If you’re not fluent, misinterpreting legal clauses in title deeds and contracts could create a lot of expensive headaches down the line. Hire a trusted bilingual attorney who can walk you through the legal side of your purchase, help you verify ownership, and ensure that all documents are in order before you commit.
Watch for infrastructure growth
Transport upgrades often cause property values to rise. In Panama City, neighborhoods like El Cangrejo and Via España saw a 10–20% price increase in 2023 and 2024 after new metro stations opened nearby. So if you’re buying Panama real estate to rent out or hold for resale, focus on properties near new infrastructure like metro stations, highways, or airports.
Ready to start your search?
Find your next property investment with Panama Centro Realty. Our platform makes it easy to search and evaluate Panama real estate based on location, price, and income potential. Have questions? Call us at +507 3680700 and speak to one of our experts.
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