Should I buy or rent a home in Las Tablas?

If you have not spent a lot of time in Las Tablas, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"I rented a house. At first I made the mistake of letting a local person insert himself between the owner of the house and me. Money got diverted. Now I'm looking to rent a bedroom only, trying for 80 to 100 dollars per month. Shouldn't be difficult. But mind you, I don't mind living in abject poverty," said another expat in Las Tablas, Panama.

"The decision to buy or rent a home in Las Tablas, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Las Tablas for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a sense of stability and permanence. On the other hand, renting might be a better option if you're not sure about your long-term plans or if you prefer not to have the responsibilities of home ownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes. It's also worth considering the local real estate market in Las Tablas. If property prices are high and continue to rise, buying a home could be a good investment. However, if prices are low or stagnant, renting might be a more cost-effective option. Finally, consider your financial situation. Buying a home requires a significant upfront cost, including a down payment and closing costs. If you don't have enough savings, renting might be a more feasible option. However, if you can afford the upfront costs and the ongoing costs of a mortgage, property taxes, and maintenance, buying could be a good choice. In conclusion, the decision to buy or rent a home in Las Tablas, Panama, depends on a variety of factors, including your personal circumstances, financial situation, and the local real estate market. It's important to carefully consider all these factors before making a decision," wrote a member who made the move to Las Tablas, Panama.

Kovalenko & 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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Should I buy or rent a home in Las Tablas?

If you live in Las Tablas, newcomers to Las Tablas would love to hear your answer to this question.