Are foreigners allowed to own property in Panajachel?
When we asked expats in Panajachel if foreigners are allowed to own property, they answered...
"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," explained one expat living in Panajachel, Guatemala.
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Are foreigners allowed to own property in Panajachel?
If you live in Panajachel, newcomers to Panajachel would love to hear your answer to this question: