Panama

Homes For Sale Panama Central America

Find a superb selection houses for sale in Panama City in Panama, condo, apartments, beachfront real estate and land for sale from all over Panama. Thinking about a second home in the Caribbean or retiring to Panama you are in the right place!

We offer some homes for sale in Panama that you may not find anywhere else. Offering a unique mix of Panama real estate on sale from some of the best real estate agents in Panama and owners selling directly to international buyers

Selling Panama Real Estate 

Homesgofast.com have been putting buyers and sellers together since 2004 and have a huge audience of international buyers searching for homes to buy for investment, second home abroad and vacation homes in the sun.

Advertise your home or real estate listings to a global audience by promoting Panama property on 100+ websites featuring some of the busy property websites in the world. 

What taxes are due when selling real estate in Panama?

When selling your property in Panama, one of the first details you should be aware of are the taxes due upon sale. Whether your property is in the name of a Corporation, or your own personal name, you should contemplate 5% of the final sales price in transfer and or capital gains taxes.

In the case of a share transfer of a corporation that holds a property, the law dictates that the buyer is to retain 5% of the sales price and take responsibility for the payment of taxes. This generally takes place within 10 working days of the share transfer being finalized.

Panama real estate by owner

Uncover some true bargains beings old for sale by owner some of which are being sold by motivated expats that need to return to the US Europe and South America. 

How much do Panama Real Estate Agents Charge?

Homesgofast.com work with some of the best real estate agents in Panama. However, it's our advice to work with multiple agents and also to agree on a contract where you can also find a buyer. This will allow you some flexibility and also add some pressure to the agent to get things moving fast.

The standard real estate commission in Panama is 5% of the sale price. In some cases, if the property is remotely located or requires special resources to show, such as island properties, it is common for real estate companies to charge a higher percentage to offset the expenses of showing the property. Commissions are generally paid for by the seller.   If more than one real estate agent is involved in a sale, for example, buyers agent and a sellers agent then they will split the overall commission between themselves. Find Panama Real Estate Agents in our directory

Land sales in Panama

Find land for sale, development land, ranches, farmland, oceanfront land and land ideal for building a house in Panama. Listings from Panama Realtors and real estate agents, developers and owners looking to sell land to international buyers and property investors. 

What size of land can I buy for my money in Panama?

The selection of land available to buy is simply stunning offering huge opportunities. 4.4 Acre Titled Lots For Sale in Buena Vista, Chirqui Panama - Buena Vista from $86000 USD to Beachfront Land For Sale in Old Point, Isla Bastimentos Panama for $3,988,000 USD.Land For Sale in Las Tablas, Los Santos Panama $130,000 USD. Las Tablas is rated one of the best places in Panama for culture and easy living by several travel journals. It's an affordable community with many ex-pats in residence, notably Canadians, US citizens.

More about Land in Panama

Retiring to Panama where should I buy?

Retiring to Panama is high on the agenda fot many attracted to the idea of remote Caribbean living. However a closer glance reveals that Panama is much more developed than other countries in Central America There’s a solid foundation which includes a reliable infrastructure and modern amenities. This all makes retiring to Panama safer and more realistic than living on a remote island.

Living in Panama, you’ll have access to familiar products and comforts from back home. You’ll likely be able to splurge on more of life’s little luxuries because of lower costs on healthcare, insurance, transportation, entertainment, and more.

You’ll find expat-organized activities in different towns across the country. They merely enhance a local landscape that features live music, outdoor adventures, English-language movies, and so much more. You may be wondering how you’ll fill your days when you retire…but expats in Panama have found it’s impossible to get bored.

Are you interested in a Panama City high-rise…a condo in a popular beachfront community…or a Swiss-style house in the temperate mountains? You’ll find a selection of rentals and property for sale to suit your needs and desires in Panama’s diverse regions. Opt for a bit of pampering or live like a local in a simple home…the choice is yours. You’ll meet many an expat here enjoying the property they always dreamed about but could never afford. That is, in the U.S., Europe, or Canada, where little luxuries like proximity to a beach come at bigger premiums.

see Huffington Post article 10 things you should know about retiring to Panama

Where best to live in Panama?

Panama city offers apartments, condos, foreclosures, cheap properties, homes for sale by owner, golf properties with a range of real estate prices.It benefits from excellent medical facilities and a housing market on the up learn more about Panama City Real Estate

Other areas to consider are: 

Las Tablas—beach retirement on a budget. Las Tablas is a safe, friendly, and charming colonial town on Panama’s Pacific coast that boasts a laid-back lifestyle at a bargain-basement cost.Cost of living in Panama City

Boquete—comfortable climate and an established expat community. Sea-level temperatures in Panama can be steamy. The climate is much more comfortable in Panama’s interior highlands.

Coronado—developed beach area near Panama City. Panama City is hot and steamy. That’s why those with the means keep weekend and holiday houses at the beach.

Santa Fé—remote mountain hideaway and top budget option. Not everyone would be happy living in Santa Fé, especially full-time. This is a beautiful, safe region where the living is sweet but not well-appointed.

Cost of living in Panama

The cost of living in Panama’s capital city has appreciated steadily over the past decade. As a result, today, Panama City no longer qualifies as a “cheap” place to call home. You can live modestly in this city on a budget of $1,500 per month, but a more realistic monthly budget for an average couple of retirees would be $2,000.

The cost of living elsewhere in Panama, however, can be much more affordable. A couple could retire to Santa Fe, for example, in the highlands of Panama, on as little as $1,000 per month.

What are the Visa Requirments to live in Panama?

To enter Panama, a passport valid for at least the next six months is required from all nationals from Australia, UK, Canada, USA and all EU countries, without requiring a visa for stays of up to 180 days. If arriving by sea (except via cruise ship), there is a US$110 charge per person for passengers and crew members. If travelling overland, get an exit visa and a Panama entry visa stamped on your passport. Difficulties can arise further down the line when leaving Panama if the stamps are absent.

Drivers license: Visitors may drive with international licenses for up to 90 days during their visit.

Source: VisitPanama.com

Panama Facts

Capital: Panama City
Government Type: Constitutional democracy
Currency: PAB; USD
Population: 3,559,408
Total Area: 29,120 Square Miles
75,420 Square Kilometers
Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
Language: Spanish (official), English 14%

Languages
Spanish (official), English 14%. Spanish is the official language although many Panamanians in business and the professions speak English.

 

Video Guide to Panama

 

Getting along with the Panamanian People

Greetings
While speaking Panamanians often stop to give the listener a change to agree or disagree with what they are saying. Panamanians are polite people with considerate greeting and formalities in their everyday life. A business person always makes small talk with a colleague or client before discussing business. Panamanians are offended if anyone initiates a business conversation before spending time to learn about the other party on a personal level. 

Panamanians of either sex may greet each other by shaking hands. Women friends typically kiss each other on one cheek when greeting and departing. Men and women sometimes kiss each other on the cheek. Two men always shake hands. Panamanians are very gracious and polite. They frequently say Please (por favor), thank you (gracas) and your welcome (de nada). Before joining a group of people who are eating or conversing a newcomer will ask permission to join the group by saying con permisoâ(kohn-pair-MEE-soh) the group responds by saying andele (AHN-day-lay) which means "go ahead". One of the major taboos is a discussion of personal possessions. Another conversation they do not like is the discussion of the building of the canal and the U.S. intervention.

Generally, the do not like to discuss local politics and race in a social setting. The favorite topics of conversation are family, common friends, hobbies, interests and sports. Shaking hands when meeting someone shows good manners and can be done in two ways. Either the American Handshake or palm to palm with the thumb facing toward the person. When Panamanians want another person to approach them they will raise one of their hands with their palm facing the other person. Panamanians have two surnames after their first name. The first is the fathers name the second is the mothers. If a child is named Jaunita and the father name is Chaves and the mother is Sanchetz the child would be Junita Chaves Sanchetz.

Where to find more out about Panama

Critica, En Linea Newspaper
El Panama America Newspaper
Online Newspapers
Photos of Panama