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Real Estate in Coronado, Panama | Expat Exchange
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Coronado, Panama

Real Estate in Coronado, Panama

By Joshua Wood, LPC

Last updated on Jun 02, 2023

Summary: The most desirable neighborhoods in Coronado, Panama are Coronado Beach, Coronado Golf, and Coronado Country Club. The average cost to buy a nice 2 bedroom home in Coronado is around $200,000 USD, while a nice 3 bedroom home can cost around $300,000 USD. These properties typically include modern amenities such as air conditioning, swimming pools, and private gardens. Foreigners are allowed to own property in Coronado, however, they must obtain a cedula (residency card) in order to purchase a property. When searching for a home to buy in Coronado, 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 market and compare prices to ensure that you are getting the best deal.

Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama

How do I find a place to live in Coronado?

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

"Finding a place to live in Coronado, involves several steps. Here's a specific guide to help you in your search: 1. Determine your needs: Before you start looking, decide on the type of property you want, your budget, and your preferred location within Coronado. Consider whether you want a house, condo, or apartment, and think about amenities like a pool, security, or proximity to the beach. 2. Online research: Use real estate websites that list properties in Panama, such as Encuentra24, Compreoalquile, and Panama Realtor. These platforms allow you to filter searches by location, price, and property type. Additionally, join expat forums and Facebook groups like "Expats in Coronado Panama," where members often share rental listings and advice. 3. Contact local real estate agents: Reach out to real estate agencies that specialize in the Coronado area. Agents can provide valuable insights into the local market and may have access to listings that are not advertised online. 4. Visit the area: If possible, take a trip to Coronado to get a feel for the different neighborhoods and see properties in person. Walking around the area and talking to locals can also lead to rental opportunities that aren't widely advertised. 5. Check local bulletin boards: Visit community centers, grocery stores, and cafes in Coronado to look for rental listings on bulletin boards. Sometimes landlords and property managers will post notices in these locations to attract potential tenants. 6. Network: Let people know you're looking for a place to live. Talk to expats, locals, and business owners in the area. Word-of-mouth can be a powerful tool in finding a rental that may not be listed online. 7. Review and negotiate: Once you've found a potential home, carefully review the lease agreement. Understand the terms, including the length of the lease, the deposit required, and any other conditions. Don't hesitate to negotiate terms or price if appropriate. 8. Legal considerations: It's advisable to consult with a local attorney who specializes in real estate transactions to ensure that your rental agreement complies with Panamanian law and that your interests are protected. By following these steps, you should be able to find a suitable place to live in Coronado, Panama. Remember that patience and due diligence are key in finding the right home abroad," explained one expat living in Coronado, Panama.

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Kovalenko & Vera Attorneys at Law in PanamaKovalenko & Vera Attorneys at Law in Panama
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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.

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Kovalenko & Vera Attorneys at Law in PanamaKovalenko & Vera Attorneys at Law in Panama

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.
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What is a typical expat home or apartment like in Coronado?

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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.

Coronado, Panama

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