Panama Realtor.com - Buy, Sell, Rent, Own, Panama Real Estate

Panama Realtor is an established and respected real estate company based in Panama City in the Republic of Panama. We currently have more than 900 properties listed in Panama City and in the interior on our easy to use website. Our large staff of experienced real estate agents and support professionals will listen to your wants, desires, needs, requests, and limitations, and then we will scour through available properties to find a specific property that best fits your plans. While our primary focus is on real estate, and we offer a wide range of complimentary services, such as title searches and escrow accounts. We can also assist you in accomplishing things like getting your retiree visa, help you find financing, arrange for transportation, or help you bring down your pet. We have an extensive network of contacts and partners that can assist you in making a smooth transition to Panama. In short, our mission is to help you "Buy, Sell, Rent, and Own Panama Real Estate" and to make the process as easy and enjoyable as possible. (more)

Real estate in Panama features Caribbean and Pacific waterfront and beach front, island, highland, mountain, rain forest and agricultural property options. Property prices are affordable and on par with well-known locations 10 to 20 years ago, which is why, there are always excellent deals to be found.


Taboga Island

Buying real estate in Panama is very similar to the way it is managed in other countries. Most properties have titles or can be titled, title insurance can be bought, traditional mortgages are available and Panama has foreign investor protection laws that guarantee the standard rights of land ownership.


Tucan Country Club & Resort

Panama is becoming a popular vacation destination or country to retire, making Panama real estate investments very attractive to tourists, retirees and investors. Panama offers an excellent incentive program for retirees, great climate, lower cost of living, lower crime rate and tax advantages. For foreign investors, Panama provides several important incentives which include a US dollar based economy, Free Trade Zone, and international banking, among others.


Commercial Properties and Investments

Additionally, Panama’s real estate market has proven to be solid through the years, which is the reason why several international real estate firms such as Century 21 and Coldwell Banker have established franchises in Panama City. Major banks such as HSBC, Lloyds, and Citibank have established franchises as well in order to provide total financial services.

Furthermore, Panama has a global position, direct flights to major cities and technological resources and financial infrastructure, which are a great advantage for many investors.

Panama City has become a cosmopolitan modern metropolis - there are many rise buildings overlooking the ocean and the Bay of Panama. Exclusive residential areas like Marbella, Paitilla, Coco del Mar, Punta Pacifica and San Francisco offer a good range of apartments and condominiums for sale. Suburban residential areas in the former Canal Zone like Amador Heights, Balboa, Albrook and Clayton offer large and attractive single-family homes and condominiums.


New Condominium Construction in Panama City

Casco Viejo -- the oldest city on the Pacific Coast of the Americas -- has become a desirable place for real estate investment, encouraged by the Panamanian government Casco Viejo investment incentives for the restoration of the historic Casco Viejo district.


Casco Viejo

Outside Panama City, there are beautiful real estate properties located in popular destinations including, Chiriqui, El Valle, and Altos de Maria. Known mostly for their cooler climates, incredible flora and quiet peaceful atmosphere, real estate in the highlands of Panama are ideal for those interested in retiring abroad.


Cool and calm, living in the mountains...

Bocas del Toro is another popular destination for Panama real estate. Most known for its crystal clear waters, rich Antillean culture, unique over-the-water architecture and laid back tropical atmosphere. In recent times, Bocas del Toro has become a booming center for European and American Expats, as well as an impressive number of tourists.


Pacific Beachfront Property

Real Estate Values in Panama and primarily in these Pacific Coast Beach areas has been appreciating very steadily, and as interest and growth increases so to do the real estate values.

Services Offered: We offer a wide range of services, all revolving around our goal of helping you to buy, sell, rent, and own real estate in Panama.

• Custom Property Search: Sometimes you know exactly what you're looking for, or at least a good idea, or maybe just a dream. No matter what you're looking for, you can describe it to us and we will help you find it. Provide us with some of the particular details of the specific characteristics of the property you would ideally be interested in buying, and we will scour the countryside to find the perfect parcel for you.
  
  
• Escrow Services: We know that your peace of mind means everything and is priceless. We recognize and understand the worries and concerns of both buyers and sellers, and are accustomed to bringing both parties to the table to close the deal. When the situation calls for it, we use an established and recognized commercially licensed escrow company to manage funds for safekeeping.
  
  
• Banks and Financing: We have contacts and arrangements with all of the most important banks in Panama in order to help you secure the most advantageous and comprehensive financing terms for foreigners. No matter what bank you choose to deal with, we can facilitate the transaction, explain requirements, and help you through the process.
  
  
• Visas & Immigration: Panama Realtor tries to make the entire relocation process as smooth and seamless as possible for you, and as part of our service, we provide residency assistance. There are several ways to get residency in Panama and we will do our best to help you choose the most effective route. Our lawyers have over 12 years of experience in residency law in Panama and they will walk you through every step of the process.
  
  
• Title Search: Panama Realtor conducts real estate title searches in Panama. As part of our real estate title search we research the Public Registry of Panama. At The Public Registry of , we can ensure that the property is registered to the name of the seller, or the sellers entity (corporation, foundation, or trust) and that there are no pending liens or encumbrances on the property. A copy of the public deed and all amendments to the public deed are extracted from the Public Registry.
  
  
• Easy Travel Panama: Specializes in personalized ground transportation and tours by private taxi. Each of our drivers are fully bilingual and very knowledgeable about all aspects of Panama and its many diverse cultures. We offer transportation to and from Tocumen International Airport, throughout Panama City and other nearby popular destinations. We can customize sight seeing, cultural, or shopping excursions based on your individual needs and particular interests. Our drivers, though very professional, are lots of fun and very experienced in working with international guests. Our prices are competitive and comparable to standard Panamanian taxi fares.

Casco Viejo Investment Incentives (Incentive Law for Casco Viejo). The Decree-Law N° 9, by means of which incentives special rules were established for the restoration and revaluation of the Casco Antiguo of Panama, was issued on August 27, 1997. The due date for this Decree-Law was August 2002. However, in December 2001, the National Assembly of Panama approved a modification proposal to the above mentioned Decree-Law, by which the expiring dates are extended for the majority of the established incentives. A summary of the Decree-Law N° 9 of August 27, 1997 as well as its more relevant aspects follows:

Former laws in force in Casco Antiguo are modified in order to extend the protection area, so it could include part of the neighborhood of Santa Ana, Salsipuedes, and part of the Terraplén. The classification of the protected properties is developed in detail, together with the usage and type of restoration that will be permitted to carry out in such properties, depending on their architectural, historical, and environmental characteristics. A system of mortgage loans with preferred interests is established for the restoration of real estate in the area of San Felipe. The property owners in Casco Antiguo will be exempt from paying the Real Estate Tax owed at the moment of the transfer (sale) of the property. The profits derived from the transfer of real estate will be exempt from paying the Income Tax. The land and improvements of restored buildings will be exempt from paying the Real Estate Tax for a period of thirty (30) years counted as from the restoration of the property. The first sale or sales that take place after the completion of the building´s restoration will be exempt from the Real Estate Transfer Tax. The profits generated by commercial, professional or industrial activities which are carried out and have their effects in the Casco Antiguo, are exempt from the Income Tax for ten (10) years counted from the restoration of the occupied property. The equipment and materials used in the construction, restoration, and equipping, will be exempt from the Import Duties. The tenants of the properties in Casco Antiguo can deduct from their Income Tax the rates of rental for a period of five (5) years. Those buildings destined for public parking will be exempt from the Income Tax for a period of ten (10) years. An indemnity payment is established for those tenants of apartments in Casco Antiguo who must vacate the property because of a restoration project. The restoration project developer will receive a transferable fiscal credit with a value equivalent to the payment done. In order to benefit from these incentives, the investments must be made during the ten (10) years following the establishment of the Decree-Law, that is, until August 2007.

Retiree Incentive Program: Panama offers an attractive incentive program for retirees, and because of the lower cost of living, great climate, lower crime rate and tax advantages, Panama compares with many European choice of retirement destinations. A partial list of retiree incentives include:

• Household goods can be brought in to Panama free of taxes.
  
  
• New cars can be brought in duty free every two years.
  
  
• Discounts between 15% and 50% are offered on hotels, restaurants, movies, many professional services etc.
  
  
• Panama is a safe country.
  
  
• Panama City has a modern, American style infrastructure due to the near 100 year presence of the Americans in Panama.
  
  
• High-band Internet connectivity, cellular phone networks and ADSL in-home phone capability are readily accessible throughout most of Panama. Full-service satellite and cable TV are also very common.
  
  
• Panama's cost of living is a fraction (approximately 1/5th) of the United States.
  
  
• Panama has an ideal climate.
  
  
• Panama has medical facilities on a par with the United States.
  
  
• Panama is close to the United States with direct flights to Panama from 5 major US cities.
  
  
• Retirement visa requirements are minimal.
  
  
• Foreigners can buy and own property in Panama enjoying the same rights and protections as Panamanians.
  
  
• English is the second language in Panama and is widely spoken.

Contact Information: Please feel free to contact us at any time. We are here to help...

• Office Location: Galerias Obarrio, 1st floor, office 67, Via España, Panama City, Rep. of Panama (Note: The Galerias Obarrio is located at the intersection of Via España and Via Brazil. It is the building that contains the Arrocha pharmacy, as well as of the offices for Union Fenosa and Movistar. We are located inside of this building; take the escalator up to the first floor.)
  
  
• Office Telephone Number in Panama: +011 (507) 265-8645
  
  
• Fax Number in Panama: +011 (507) 265-3601
  
  
• Email: info@panamarealtor.com
  
  
• Rural Office: Calle Piedra Leona # 3, Majagual, Rep. of Panama