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Real Estate in Panajachel, Guatemala | Expat Exchange
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Real Estate in Panajachel, Guatemala

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By Joshua Wood, LPC

Last updated on Apr 04, 2023

Summary: The most desirable neighborhoods in Panajachel, Guatemala are San Buenaventura, San Pedro La Laguna, and Santa Catarina Palopó. On average, a nice 2 bedroom home in Panajachel can cost anywhere from $100,000 to $200,000 USD, while a nice 3 bedroom home can cost anywhere from $150,000 to $250,000 USD. These properties typically include modern amenities such as air conditioning, hot water, and internet access. Foreigners are allowed to own property in Panajachel, however, they must obtain a foreign investment permit from the Guatemalan government. When searching for a home to buy in Panajachel, it is best to consult with a local real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties available. Additionally, it is important to research the local market and compare prices to ensure that you are getting the best deal.

How do I find a place to live in Panajachel?

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

"By accident.. renting a place and discovering the area. Arrived without knowing the area, first struck by the climate and then by the locals. I found my house by world of mouth," said one expat who made the move to Panajachel.

"One way to find a place to live in Panajachel is to search online for rental listings. Websites such as Airbnb, VRBO, and HomeAway offer a variety of rental options in the area. Additionally, there are many local real estate agents who specialize in rentals in the area. It is also possible to find rental listings in local newspapers and on bulletin boards in the area. Finally, it is possible to find a place to live by asking around in the local community," explained one foreigner living in Panajachel, Guatemala.

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About the Author

Joshua Wood 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.

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