Real Estate in
Panama
Providing counsel and representation to serious foreign real estate buyers and sellers in Panama.
Investment Stability Law
Panama Real Estate Law Article 1-5: Property rights for foreign investors have no limitations other than those established by the Political Constitution and the law, which is limited and not noteworthy. the Investment Stability Law was created to encourage foreign investment by actively protecting incoming investors. Learn More.
Untitled Land
Untitled land must first be owned by a citizen of Panama for a minimum of two years before it can be sold to a foreign (non-Panamanian) buyer.
Condominium Purchase Documents
All condominium documents that are required to be submitted to the Ministry of Housing must be written in Spanish and can only be retrieved in Spanish.
Right of Possession
Often, lands near heavy tourist areas, private islands and beachfront property is owned by the Panamanian government. In order to own a home on these high-quality lands, buyers must gain a "right of possession" from the government. This contract gives permission for occupation of a piece of land for an alotted period of time.
Panama's Deposit Protection
Panama Real Estate Law 45 - Article 77: This law gaurantees buyers of an investement property the ability to receive deposits back at any time prior to a full move-in. Some exclusions apply, learn more here.
Real Estate Taxes
The Panamanian government charges a 2% tax based on the value of the property, recorded within the deed of the sale. Either the buyer or seller can pay this fee.
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