Buying Real Estate in Panama as a U.S. Citizen
Buying Real Estate in Panama as a U.S. Citizen
Your Guide to Ownership, Top Areas, and Strategic Investment in a Fast-Growing Economy
Panama continues to attract U.S. citizens seeking international real estate, lifestyle upgrades, and second residency options—all backed by the stability of a U.S. dollar-based economy and robust infrastructure. Whether you're investing in a luxury condo in Panama City or a mountain home in Boquete, the process is accessible and secure for foreigners.
Here’s everything you need to know about owning real estate in Panama.
Why Panama?
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U.S. Dollar-Based Economy: No currency exchange risk, and smooth financial transactions.
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Banking Hub of Latin America: Transparent systems and access to reputable banks.
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Second Residency Made Easy: Programs like the Friendly Nations Visa attract investors, retirees, and remote workers.
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Massive Infrastructure Growth: Panama Canal expansion, metro lines, airport modernization, and coastal developments.
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Attractive Cost of Living: Lower than most U.S. cities, with world-class healthcare and modern amenities.
Can U.S. Citizens Own Property in Panama?
Yes—100% full ownership rights.
Panama allows foreigners to own titled property with the same rights as citizens. You can hold land in your name, through a Panamanian corporation, or a private foundation (often used for estate planning and tax advantages).
The only restricted area is land within 10 kilometers of the border with Colombia or Costa Rica, which cannot be owned by foreigners.
The Buying Process
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Find a Bilingual Real Estate Agent or Advisor
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Important for vetting properties and avoiding overvalued listings.
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Hire a Panamanian Attorney
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Essential for title verification, contracts, and closing.
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Due Diligence
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Ensure the property has a clean title, is debt-free, and is properly zoned.
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Sign a Promise to Purchase
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This includes a deposit, typically 10% of the purchase price.
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Finalize the Sale
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At closing, the deed (escritura pública) is signed and registered at the Public Registry.
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Optional: Open a Local Bank Account
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Recommended if you plan to pay utilities or manage rentals locally.
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Closing costs typically range between 3%–5%, depending on legal fees, transfer taxes, and notary expenses.
Top Areas to Consider
| Region | Highlights |
|---|---|
| Panama City | International hub with modern condos, skyline views, and strong rental demand. Ideal for business and urban living. |
| Coronado & Pacific Riviera | Beachfront communities just 1.5 hours from the capital. Popular among retirees and snowbirds. |
| Boquete (Chiriquí Province) | A mountain town with a spring-like climate, coffee farms, and a large expat population. |
| Pedasí & Azuero Peninsula | Up-and-coming beach towns with colonial charm and growing investment interest. |
Investment Tip: Pair Real Estate with Residency
Many buyers in Panama combine real estate purchases with residency programs like:
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Friendly Nations Visa (ideal for U.S. citizens)
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Retirement (Pensionado) Visa
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Qualified Investor Program (starts at $300,000 USD in real estate)
These programs offer long-term residency, tax advantages, and ease of doing business.
Why Buy with ITA Global?
At ITA Global, we don’t just help you find a home—we help you establish a life abroad with clarity and confidence.
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Curated investment and relocation discovery trips
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Vetted properties and legal professionals
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Second residency support and lifestyle integration
There’s only one way to buy international real estate—the ITA Global Way.
📌 Summary
Panama offers U.S. citizens full ownership rights, a dollar-based economy, and powerful incentives for relocation and investment. From cosmopolitan Panama City to beach or mountain escapes, it’s a country designed for smart global living.
Contact:
Linda Gonzales, International Real Estate
RealEstate@itaglobal.com | www.itaglobal.com | ITA GLOBAL NETWORK
