Panama Real Estate for Sale

Panama real estate laws have only very few restrictions. Land in Panama could be owned in two forms, rights of possession and title. Majority of the land in Panama is purchased by the rights of possession format only, except the properties in certain designated areas of towns. Titled property could be bought and owned in a fashion similar to the US real estate laws, with the deeds recorded in public registry, known as ‘registro Publico’. However, you have to remember that rights of possession properties are not allowed to be mortgaged.

Variety in availability of Panama real estate

You would be able to buy a wide range of real estate properties in Panama. Apartments, condominiums, individual homes, luxury houses, beachfront homes, farm houses, country homes, commercial properties, office spaces, etc. could be bought at fairly reasonable prices. Land for sale in Panama includes individual lots, combined lots for development, beachfront lots, lots near the sea, farms, wooded area, ranches, mountain areas, etc. Panama land for sale is a rare investment opportunity and also a highly profitable business decision.

There is plenty of Panama real estate for sale, both to local residents and to foreign investors. Purchasing real estate in Panama is an ideal investment option for the following reasons.

The currency of Panama is the US dollar, making investments, transferring funds, and subsequent realization of real estate sales amounts, quite easy
Panama had received the highest per capita investment from the United States in the entire Latin America area and for a considerably longer time than other countries
Panama government is a stable one
The business climate of Panama is a positive one
Panama is a reputed finance and banking location in the international arena
The country had not imposed any restrictions on the movement of funds either into the country or out of it
The Panama economic infrastructure is a highly developed one, with the highest per capita income in the entire Central America
Panama had exempted new construction from real estate taxes for the first twenty years, facilitating large scale construction activity
Panama land for sale and construction prices are quite affordable and they offer fairly high advantages as long term investment avenues, compared to several other countries
The lower prices and the anticipated boom in construction is likely to provide an opportunity for considerable profits even in short term

Panama construction

All new constructions enjoy a moratorium of 20 years for property taxes. However, you have to pay 2% transfer tax on the acquisition cost for selling titled property. There are no buildings restrictions or zoning laws in any area in the country. Hence, buying a Panama land for sale is a wise investment prospect. The average cost of construction in Panama would work out to $30 to $40 per sq. ft. However, this depends on the area of the land and your building taste. The 20-year tax holiday and low costs of land and construction in Panama are available in very few countries around the globe.