5 Legal Steps to Buy a Real Estate in Panama as an Expat

When you’re looking to buy a home in Panama, it’s important to know the legal steps you need to take. This post will outline the steps you need to take to purchase a property as an expat and help make the process easier for you.

From locating the right real estate agent to understanding your rights and responsibilities, this post has everything you need to get started. So read on and start planning your dream home in Panama today!

The Importance of a Real Estate Agent

Source: zillow.com

If you’re considering buying a home in Panama as an expat, it’s important to work with a real estate agent. A real estate agent can help you research properties and make the process of buying a home easier.

They can also take care of the paperwork and help protect your interests in case there are any problems with the sale.

Buying a Home in Panama

If you want to buy real estate Panama, there are a few things you need to know. Here are five key legal steps to take before making your purchase:

  1. Contact a lawyer. A lawyer can help you understand the complex real estate laws in Panama and answer any questions you have about purchasing a home.
  2. Get a property identification number (PIN). After contacting a lawyer, you will need to obtain a PIN from the government. The PIN is required for any financial transactions related to the purchase or sale of real estate in Panama, including taking out mortgages or selling properties.
  3. Register your property with the government. Once you have obtained your PIN, you will need to register your property with the government through the National Registry of Property Ownership. This step is necessary in order to legalize your ownership of the property and protect it from theft or other claims by third parties.
  4. Obtain insurance. Before making any financial commitments on your property, be sure to get insurance coverage in case something goes wrong during the purchase process or after you move into your home.
  5. Have all necessary documents ready. When registering your property with the National Registry of Property Ownership, be sure to bring along documentation such as copies of your passport and visa, proof of income/assets, and pictures of your house and surrounding area.

Getting a Mortgage in Panama

Source: thetimes.co.uk

There are a few things you need to know before getting a mortgage in Panama.

The interest rate and the minimum down payment required for mortgages in Panama is generally higher than in most other countries. Additionally, there may be additional fees and taxes associated with purchasing a home in Panama.


As an expat, it’s important to be aware of the legal steps you need to take in order for you to purchase a property in Panama. This article outlines some of the most important steps and provides a few tips on how to make the process as smooth as possible.

By following these guidelines, you can avoid many common problems and go ahead and invest your time and money in property Panamá – your personal paradise!