What do I need to know when buying property in Panajachel?

"When buying property in Panajachel, it is important to research the local laws and regulations regarding real estate transactions. It is also important to understand the local customs and culture, as well as the local language. It is also important to hire a reputable lawyer to help with the transaction and to ensure that all paperwork is in order. Additionally, it is important to be aware of the local infrastructure and services available in the area, such as water, electricity, and internet access. Finally, it is important to be aware of the local market conditions and to understand the current prices of properties in the area," said another expat in Panajachel, Guatemala.