Real Estate in Bocas del Toro, Panama

Last updated on Jul 07, 2023

Summary: The most desirable neighborhoods in Bocas del Toro, Panama are Isla Colon, Isla Carenero, and Bocas Town. The average cost to buy a nice 2 bedroom home in Bocas del Toro is around $150,000 USD, while a nice 3 bedroom home can cost around $200,000 USD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and private balconies. Foreigners are allowed to own property in Bocas del Toro, however, they must obtain a cedula (residency card) in order to purchase property. When searching for a home to buy in Bocas del Toro, 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. Additionally, it is important to research the local laws and regulations regarding foreign ownership of property.

Kovalenko & Vera Attorneys at Law in Panama

How do I find a place to live in Bocas del Toro?

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

"One of the best ways to find a place to live in Bocas del Toro is to search online for rental listings. There are a variety of websites that offer listings for apartments, houses, and other types of accommodations in the area. Additionally, you can also search for local real estate agents who specialize in the area and can help you find the perfect place to live. Additionally, you can also ask around in the local community for recommendations and advice on where to look for a place to live," said one person in Bocas del Toro.

"We wanted to live in a safe local neighborhood near the ocean. I listened to my friends who were already here and looked in those areas," said one expat who made the move to Bocas del Toro.

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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.