Should I buy or rent a home in Bocas del Toro?

"Buying a home in Bocas del Toro can be a great investment. The area is known for its beautiful beaches, lush rainforest, and vibrant culture. Renting a home in Bocas del Toro can also be a great option, as it allows you to experience the area without the commitment of buying a home. Depending on your budget and lifestyle, either option can be a great choice," wrote a member who made the move to Bocas del Toro, Panama.

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Business Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
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Click connect to have our partner contact you via e-mail and/or phone.

"Renting a place is easy. Contrary to the US the property owner has the rights of ownership while the renter is more obligated to be responsible. Purchasing property is fairly straight forward, there are real estate professionals who can help. It will be necessary to have a lawyer draw up the purchase agreements and get the proper government documents recorded. Keep good records because the Panamanians won't. A good lawyer will be diligent in the purchase or title process and is a must. We purchased several acres on Isla Solarte and built our home. I was a general contractor by trade so it was easier for me. Logistics is the only real issue. Getting your materials to the job site in a timely manner, having the necessary materials to keep the job moving along. Some materials, especially finish goods, must be obtained in the city of David and brought to Bocas (about 4 hours away) Transportation is readily available and reliable. The best advice is to talk to others who have completed what you are attempting to do. Enlist the help of someone who has been thru the process. You will make far fewer mistakes??," explained one expat living in Bocas del Toro, Panama.