Panama has a humid and hot climate and good maintenance is required to keep your property in optimal condition. Many of Panama’s skyscrapers are close to the sea and the salt air and humidity require for frequent repainting and replacing metal items due to rust over time. The same applies to houses close to the…

Yes, it is safe to buy real estate in Panama. Foreigners are afforded the same property right protections as Panamanians and there are laws protecting foreign investments. When buying real estate in Panama, using a good lawyer is important to check the status of the property on the public registry and to revise contracts.

The standard real estate commission in Panama is 5% based on the final sales price.

Not everyone practicing real estate in Panama is licensed. In order to be served professionally and in your interests, it is advisable to use a licensed real estate professional. They can assist you in the sales process, have access to professional networks, proudly represent the industry and act as your negotiator to make sure the…