Archives: Purchasing

Purchasing property in Panama

Firstly, you will have to consider the right neighborhood for you.

Secondly, apart from deciding where your new home will be, you’ll need to figure out how to finance it when purchasing a property in Panama. And this means talking to the bank. On average, most banks will loan 60-70 percent of the value of your prospective home. However, if you’re a foreigner without any banking history, you might only get 50 percent. This is one area where it’s worth shopping around and talking to a few different banks..

Thirdly, once you’ve made the aforementioned decisions, it’s time to find a broker. Again, you’ll want to be in a position to give your broker some indication of why and where you want to buy. Additionally, one of the first questions a good broker will likely ask you is about your budget.

Finally, check out our latest insights into purchasing property in Panama.

In conclusion, when it comes to relevant information about purchasing property in Panama, Panama Equity Real Estate is your go-to place!