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Real Estate

Find and finance your ideal property in Panama.

Panama Contact Services aids you in your search for the perfect apartment or house in Panama. Our approach is marked by a thorough understanding of the country's nuances and subtleties, combined with a strong network of contacts. We collaborate with licensed real estate agents in Panama to find properties that align with your requirements.

Panama's real estate is as diverse as its landscapes — from the bustling metropolis of Panama City to the mountainous terrains of Chiriqui, and the alluring shores of Bocas del Toro province. Each region offers unique characteristics and distinct opportunities.

Financing Your Property in Panama

Our team scouts the best rates and conditions for you, negotiating a mortgage with banks regardless of your situation. Contrary to the belief that banks don't finance foreigners, Panama Contact Services can prove otherwise. If you are a resident, don't limit yourself to your bank — there are numerous banking agencies in Panama. Comparison is free, and you're only charged if the loan is secured!

Selling Your Property

If you're looking to sell a property in Panama and want to reach a foreign clientele, Panama Contact Services, with its registered broker partner in North America, opens the doors to the North American market for you. This service is free of charge.

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Frequently Asked Questions

Yes, a foreigner can buy property in Panama with the same rights as a Panamanian citizen. The law allows foreigners to acquire real estate in Panama in their own name or through a company or foundation. Buying property in Panama as a foreigner is a safe process provided the property title is verified and the transaction is conducted correctly. It is not mandatory to have residency in Panama to purchase a property, but it may facilitate banking and administrative procedures.

To buy property in Panama, a valid passport and a signed purchase agreement are required. In practice, due diligence is also necessary to verify that the property is free of encumbrances and correctly registered in the Public Registry. Buying real estate in Panama involves reviewing the legal history of the property, validating the seller, and correctly structuring the purchase, especially if it is carried out through a company or foundation.

The cost of buying property in Panama includes the property price plus taxes and legal fees. The main costs are a 2% transfer tax on the higher value between the sale price and the registered value, and a 3% withholding on the sale value for capital gains tax. Legal fees, notary costs, and Public Registry inscription fees must also be considered. These costs vary by transaction but in practice typically amount to around 3% to 5% of the property value, depending on the structure and negotiation. The total cost may change if the purchase is made through a company or if the distribution of taxes between buyer and seller is negotiated.

Yes, buying property in Panama can allow you to obtain residency, provided the investment meets the requirements of a current immigration programme. The Qualified Investor Residency allows you to obtain permanent residency in Panama through a minimum real estate investment of $300,000 USD, with a legal processing time of 30 days. It is also possible to apply for the Friendly Nations Visa, which allows you to obtain temporary residency through a minimum real estate investment of $200,000 USD or a bank deposit. This programme requires maintaining an economic tie to Panama and leads to permanent residency after the provisional period. Buying property in Panama is one of the most widely used ways for foreigners to obtain residency, as it combines real estate investment with immigration benefits.

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