Buying real estate in Panama
In Panama there are more than a dozen established laws that protect the investments of foreigners. Private property in Panamanian territory is protected by the Constitution of the Republic.
Thousands of foreigners each year invest in real estate in Panama and transactions are executed daily without any inconvenience.
In Panama it is completely legal for foreigners to hold property titles, with the exception of land located ten kilometers from the national border (article 291 of the Constitution) or land belonging to indigenous comarcas or protected areas.
Before making a purchase of land, it is recommended to collect information about it, going to the public offices of Panama, for which it is important to seek advice from a qualified lawyer to handle due diligence and verify that the property title of the property or land, as well as the documents are clean and thus be able to schedule the closing of the transactions in the best possible way.
If you need to buy real estate in Panama, you must have qualified lawyers in Panama to guide you, contact us by email at consultas@ba-lawfirm.com. We have specialized Panamanian lawyers.
