Posts Tagged ‘Property’

With Panama becoming increasingly popular as a retiree’s haven, this article provides a guide on how to buy property in Panama along with the do’s and don’ts.

The property in Panama can be classified into 3 categories: Government property, squatter property and titled property. The government property is largely in remote places and jungles. Squatters illegally occupy government land and claim ownership after many years. Squatter property may not have proper titles, as the legal rights may be granted only several years of occupation. Titled properties are those whose ownership is recorded in the National Registry. It is the only property that a visitor should buy.

Regarding choosing a location Chriqui province and the province of Bocas del Toro are ideal places to buy property. The towns of Boquete and Volcan in Chirqui province are American friendly and are only an hour’s drive from Costa Rican border. The islands of Bocas del Toro also lie close to Costa Rica and are favorite destination of Americans.

Weather is an important consideration while choosing a place to settle down and Bocas del Toro has typical Carribean tropical weather. It is warm and humid in summer with sea breeze and light rains from August through January. Volcan is in an elevated location and the weather is usually cool with a prolonged rainy season. Boquete is also situated in Panama’s highlands and the air is dry and crisp and one may need a sweater. Because of the elevated terrain, both these places are surrounded by colorful flora all year round.

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