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Bocas del Toro, Panama

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

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

"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," mentioned another expat when asked about moving to Bocas del Toro, Panama.

"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??," commented one expat who made the move to Bocas del Toro, Panama.

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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Click connect to have our partner contact you via e-mail and/or phone.

Other Questions:

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

If you live in Bocas del Toro, newcomers to Bocas del Toro would love to hear your answer to this question.


Bocas del Toro, Panama

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Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
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