There is a very broad array of real estate options for sale and settings to choose from when buying properties in Panama. These include both the Caribbean and Pacific Oceans and their corresponding beaches, Islands and Archipelagos. Panama also offers Mountain settings with spectacular land, cooler climates and a different flora and fauna. There are also Agricultural hubs, many with river frontage and valleys. In addition, there are rainforest and jungle settings as well as metropolitan cities with a variety of residential and commercial properties for sale, suburbs, gated communities and everything in between.
The process of buying real estate in Panama is very similar to the way it is managed in other countries. Most properties have titles or can be titled, traditional mortgages are available and Panama has foreign investor protection laws that guarantee the standard rights of land ownership. A record of all titled properties are accesible at the public registry of Panama, which has on-line access.
Panama has become a popular vacation destination or country to retire, making real estate investments very attractive to tourists, retirees and investors. Panama offers an excellent incentive program for retirees, great climate, lower cost of living, lower crime rate and tax advantages. For foreign investors, Panama provides several important incentives which include a US dollar based economy, Free Trade Zone, and international banking, among others.
Additionally, Panama’s real estate market has proven to be solid through the years, which is the reason why several international firms such as Century 21 and Coldwell Banker have established franchises in Panama City. Major banks such as HSBC, Lloyds, and Citibank have established franchises as well in order to provide total financial services and facilitate the buying of properties.
Furthermore, Panama has a global position, direct flights to major cities and technological resources and financial infrastructure, which are a great advantage for many investors looking into buying commercial properties or land.