Real Estate in Panama

Last updated on Feb 18, 2023

Summary: An expat looking to buy a home in Panama should begin by researching the different areas of the country and deciding which one best suits their needs. They should also research the local real estate market to get an idea of prices and availability. Foreigners are allowed to own property in Panama, but there are some restrictions. For example, foreigners are not allowed to own land within 10 kilometers of the border or within 5 kilometers of the coast. Homes in Panama typically include amenities such as air conditioning, hot water, and a kitchen. Many homes also have a pool, terrace, and/or garden. Some homes may also include a garage, security system, and/or a generator.

How do I find a place to live in Panama?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Realtors know where expats should live. They will probably steer you towards Punta Paitilla (Pie-TEE-ya) or Punta Pacifica, the upper class neighborhoods. El Cangrejo is a good choice too for "non-Corporate" budgets, and is a more "Soho-ish", hip part of town," said one person in Panama City.

"Originally the view was unobstructed. But immediately around our apt. are schools, Atlapa, a large supermarket, a police station, community pool...things that will not get bought out and have a highrise pop up," said one expat who made the move to Panama City.

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Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.

Kovalenko & Vera Attorneys at Law in Panama

What is a typical expat home or apartment like in Panama?

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.