Joel is very good at internet research. He found a few things I’d like to share.
The first was written in January, 2011 but it’s still very useful and detailed information about buying real estate in Panama, the pros and cons, working with an agent, and a lot more. If you are considering buying property in Panama it’s well worth reading.
The second article is by the Panama Relocation Tours people. I am getting more and more respect for them for their very realistic and useful advice. They truly want to help potential expats rather than make money off them. Read this one too if you are thinking about buying property here.
(If you are considering one if their highly recommended tours, use my link. https://panamarelocationtours.com/?ref=7 Thank you 😊)
Then, there is this more general post about the pros and cons of Panama by this family who made their home here.
If you are thinking about buying property in Panama, please do it with your eyes open. This is NOT the USA, Canada, or wherever you’re from. Things aren’t the same, and may not be what they appear to be. Of course you can find a great property and make a happy life, but you can also have some nasty surprises or fall victim to someone who does not represent your interests, which would be very unfortunate.
And, RENT first. LIVE in the area you are thinking of buying. Get to know the area, the people, the prices, and the features you will need. Panama runs on relationships and you will do much better when you know people. Your perfect property may not even be officially for sale. Maybe your neighbor’s coworker’s friend’s aunt wants to sell something good. You just never know!
Best wishes, good luck, and do your homework.