Are foreigners allowed to own property in Panajachel?

"Yes, foreigners are allowed to own property in Panajachel. The country's laws permit non-Guatemalan citizens to purchase and own real estate, including land and buildings. However, there may be some restrictions on properties located near the borders or coastal areas, which may require a local partner or the establishment of a Guatemalan corporation. It is essential for foreigners to work with a reputable local attorney and real estate agent to ensure a smooth and legal property acquisition process," wrote a member who made the move to Panajachel, Guatemala.

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