Real Estate

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.