Panama is a growing country with a stable and expanding economy. Additionally, it is a popular tourist destination, which means there is a constant demand for rental properties.
The process for buying a property in Panama starts with the signing of a purchase and sale contract between the buyer and the seller. After that, it is necessary to register the property in the Public Registry. The buyer must also pay transfer taxes and register the property in their own name.
Banks in Panama usually require foreign buyers to provide a significant down payment, usually around 30% of the property value. However, it is important to talk to your bank and find out what the specific requirements are for financing a property in Panama.
Please reach out to us if you are interested or have any questions about this upcoming community in the highlands of Panama!
