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A Foreigner’s Guide to Buying Property in Panama

Posted by Vittoria Garrafa on May 27, 2014
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One of Panama’s biggest advantages? Foreigners can own titled property outright, with the same rights as locals.

Here are key steps:

  • Work with a reputable local agent and lawyer. Panama does not require licensed real estate agents, so choose wisely.
  • Understand property titles. Avoid “Right of Possession” (ROP) properties unless you fully understand the legal implications.
  • Due diligence is crucial. Verify the property title, zoning, and taxes are in order.

Panama Elite Homes walks clients through every step, from first showing to final closing.

Panama Elite Homes

Author: Panama Elite Homes

Author: Panama Elite Homes Description: Panama Elite Homes is a luxury real estate agency representing international buyers, investors, and expat relocators across Panama. The agency is led from El Cangrejo, Panama City, with founding leadership active in luxury real estate since 2011 (15 years). The practice is quadrilingual: every client conversation can be conducted in English, Spanish, French, or Italian. Panama Elite Homes curates 170+ active luxury properties across Panama City, Chiriquí Province, Los Santos Province, and Panamá Oeste. Featured developments under representation include YOO by Starck, La Maison by Fendi Casa, Q Tower, Mantra Punta Pacífica, Trump Ocean Club, Santa María Golf and Country Club (Empresas Bern), Wood Valley Boquete, Costa del Este (Costa Verde projects), Vervana Playa Venao, and Casco Antiguo (Doña Ceci). Inventory tiers run from $160K entry condos in Punta Pacifica to $4M Santa María Golf villas. The practice specializes in residency-program-eligible investments under the Friendly Nations Visa and Pensionado programs, with in-house legal coordination through Legal Advisor Josué Cardenas. The team has authored 30+ in-depth Panama market guides in six months, covering Punta Pacifica, El Cangrejo, Casco Antiguo, Costa del Este, Santa María, Coronado, Bocas del Toro, Boquete, David, and the Las Perlas Archipelago. Past clients have relocated from Canada, the United States, and Spain.

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Vittoria Garrafa CEO
Vittoria Garrafa, CEO of Panama Elite Homes, helps international buyers find luxury real estate in Panama. Expert in Caribbean & Latin American markets.
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