Questions & Answers

• Why invest in a property in Panama?

  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.

• How can I buy a property in Panama?

  You can buy a property in Panama as a foreigner. However, it is important to have a local lawyer to help you navigate the legal process.

• What is the process for buying a property in Panama?

  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.

• How can I finance the purchase of a property in Panama?

  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.

• What is the starting price for homes in Veritas Panama?

  The starting price for homes in Veritas Panama varies depending on the size and customization, but all options offer a blend of luxury and self-sufficiency. Lots are starting at $70,000 USD and homes as low as $129,000 USD.

• Are there financing options available to purchase a home in Veritas Panama?

  Yes, Veritas Panama offers vendor financing options for the land to suit the needs of different buyers, including expats looking to invest in a luxury property. For the homes, the Veritas team can assist with finding a financing option that will work for you. 

• Can I invest in multiple properties at Veritas Panama?

  Yes, investors are welcome to purchase multiple properties, whether for personal use, rental opportunities, or resale in the growing luxury market. Homeowners can also build multiple dwellings on a single lot with building permits from the municipality, that our team can help acquire, so long as the home and lot combination will fit within the setbacks.

• What are the benefits of buying property in Veritas Panama?

  Benefits include luxury living, complete independence, potential appreciation in property value, and a community designed for those seeking freedom and self-sufficiency.

• What is the expected return on investment for properties in Veritas Panama?

  While individual returns vary, the growing interest in luxury, independent living communities like Veritas Panama suggests a strong potential for property value appreciation.

• What makes Veritas Panama a good investment?

  Veritas Panama is a good investment due to its unique offering of luxury, independence, and the growing demand for self-sufficient communities, promising both personal satisfaction and potential financial returns.

• What is the process for customizing my home at Veritas Panama?

  After selecting your plot, the Veritas Panama team will work with you to design and customize your home, ensuring it meets your needs and preferences for luxurious off-grid living.

• How soon can construction start on new homes?

  Construction can start once the title transfer process and building permits are completed, which typically takes a few months.

• Are the homes designed to avoid mould growth?

  Yes, homes are constructed with materials that do not promote mould. The location is below the cloud forest in the Panama highlands, and therefore does not have a mold issue.

• What is the structure and cost of the HOA fees?

  HOAs will start when the home is completed or after two years, whichever comes first. Fees range from $140 USD to $295 USD per month, depending on the property.

• Are there considerations for low EMF communities?

  Our team has done multiple tests around the property and the EMF ratings come in at a very low amount. We are also open to customizing a home to fit your needs for minimizing EMF.

• Will there be property management and rental options available?

  Yes, there will be an on-site property management and rental department, with the possibility of both short-term and long-term rentals.

• What will the gym and its equipment be like?

  The gym will be well-equipped, with input from residents. The focus will be on creating a solid, community-oriented fitness space.

• Will the community be suitable for seniors?

  Yes, the community is designed to be suitable for seniors, with the possibility of aging-in-place services and full-time care options.

• Will pets be allowed in the community?

  Yes, pets are allowed, but owners are expected to be respectful of their neighbours.

• What are the options for local transportation?

  A solar-powered shuttle bus is available for internal community use, and there are also cabs, Uber, and small local buses.

• What is the access to healthcare like in the area?

  Healthcare is very affordable in Panama, with several nearby clinics and hospitals. Healthcare services are prompt and of high quality.

• How good is the internet connectivity?

  The community uses Starlink for high-speed internet, with speeds around 300mbps, which is suitable for remote work and digital businesses.

• What are the neighbouring properties like?

  The neighbouring areas include cattle ranches, farms, and orchards, which provide open and scenic views.

• How will the water be allocated? Will homes be metered?

  Homes will be metered primarily for leak detection. The HOA will manage the water, which will initially be free, but ultimately will be a decision of the homeowners how they want their water managed. The Veritas Village Developers will install the infrastructure to get water to each homesite.

• How is the solar energy system structured?

  Each home will have its own solar system, with panels on the roof or carport, designed for high efficiency in the tropical climate.

• Are saltwater pools or natural swimming pools an option?

  Yes, saltwater pools are recommended, and natural swimming pools with lily pads and flowing water are also available.

• Are there EV chargers for electric vehicles?

   

  Solar-powered charging is possible directly from the home’s system. Additionally, a carport can be built with a solar roof to expand the charging capabilities of the home and car.

• How does Veritas Panama handle property transactions?

  Property transactions at Veritas Panama are streamlined and secure, with the option to use Bitcoin or traditional currencies, depending on your preference.

• What are the annual HOA fees at Veritas Panama?

  Annual HOA fees vary based on property size and amenities but are managed transparently through the community’s Decentralized Autonomous Organization (DAO).

• Are there any additional costs involved in purchasing a home?

  Additional costs may include customization, legal fees, and connection to off-grid utilities, all of which will be outlined by the sales team.

• What kind of customer support is available during and after the purchase?

  Veritas Panama offers dedicated customer support throughout the buying process and continues to assist residents with any needs post-purchase.

• Can I purchase a property remotely if I am not currently in Panama?

  Yes, remote purchases are possible, with the Veritas Panama team facilitating virtual tours, digital contracts, and secure online transactions.

• What payment methods are accepted at Veritas Panama?

  Veritas Panama accepts various payment methods, including Bitcoin and traditional currencies, allowing for flexible and secure transactions.