Real Estate

The new President of the Republic Laurentino Cortizo referred to some measures that will be implemented to encourage the construction and purchase of homes.

In addition to bedrooms, baths, and interior upgrades, it’s important to do some research about the potential location of the property you may want to call home.

If you already own a rental property, or you’re looking to get into the business, the idea of having to deal with tenants and managing the property can be daunting.

The moratorium period for property taxes ends on June 30, 2019. If you currently owe property taxes, you can take advantage of this moratorium to avoid paying any interests or surcharges. For some property owners, this could potentially save thousands of dollars.

A property for sale by owner is commonly seen in seller’s markets or whenever homeowners want to maximize their profits by not having to pay commission. A home sale by owner option sounds like it could be a a good idea for the seller but it may end up costing you money and time.

Many foreign investors and expats are choosing Panama as the location of their second home, vacation house, or business venture. If you are interested in buying land in Panama but don’t know where to start, here are some practical tips.

If you need to sell your property quickly, it is very important to understand the current market trends and price yourself competitively. Here’s a list of things you should and shouldn’t do when you are tying to quick sale a property.

For about a year now, Panama has debated decentralized government. It will use property taxes to assist local city councils in this endeavour. Resistance to change has been very vocal, especially as scaremongering occurred: You will lose your homes. If you fail to pay your property taxes, your home will be taken from you. This is just another measure of expropriation. At the end of August, Bill 509 was sent back to first debate for re-drafting after a public outcry. It went through a lengthy second debate.

The Minister of Economy and Finance (MEF), Dulcidio De La Guardia, announced the presentation of a new bill on property taxation in Panama, specifically affecting families.