Panama
Should I buy or rent a home in Panama?
If you have not spent a lot of time in Panama, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"We bought our home and turned half of it into a vacation rental (Tres Terrazas). We used an attorney for this as we were conducting the purchase from the states with emails, faxes, federal express and bank deposits. Not really that difficult but we had a great attorney," said a member in Taboga Island, Panama.
Kovalenko & Vera Attorneys at Law in PanamaConnect
Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
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Kovalenko & Vera Attorneys at Law in PanamaKovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
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Click connect to have our partner contact you via e-mail and/or phone.
"Yes. a condo. Process is kind of sloppy. A bit tricky. Need a good attorney. a lot of patience," remarked another expat who made the move to Panama City, Panama.
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Other Questions:
- What do I need to know before moving to Panama?
- How do I find a place to live in Panama?
- What is a typical expat home or apartment like in Panama?
- What is the average cost of housing in Panama?
- Should I buy or rent a home in Panama?
- What should I pack when moving to Panama?
- What cultural faux pas should I try to avoid making in Panama?
- Why do people move to Panama?
- What are healthcare services like in Panama?
- What are medical services in Panama like?
- What are typical rents in Panama?
- What appliances are typically included in a rental?
Should I buy or rent a home in Panama?
If you live in Panama, newcomers to Panama would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
