Panama

A place dedicated to navigating life in Panama with valuable insight, tips, and shared experiences.

36 Topics 111 Posts
  • JRAMESCH answer to my question.

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    this is living idias so it is nice idiad!

  • Looking for Expert Advice on Panama

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    Hello DANIYEL.FIRESTONE

    You'll find plenty of rentals in and around Bella Vista, along the waterfront and within a short walk of the bayside promenade called the Cinta Costera. Short-term you can try online listings sites like Airbnb or reach out to Pangea, contact info below. The longer you stay the more you can try to negotiate a lower rate. If and when you decide to rent long-term (a year) you'll encounter much lower monthly rates.

    You can get car rental costs from larger outfits like National Car Rental and/or ask in specific expat communities outside the city about smaller local companies that might be cheaper; this will depend on which communities you visit. Some expats depending on length of stay did decide it would be more cost-effective to buy a used vehicle sourced through the expat grapevine and then re-sell it when moving on.

    One of the most popular beach communities with easy access from the city is Coronado, that's about 65 miles away. Playa Caracol is about 55 miles. IL has resources that cover beach regions and other parts of the country, legal aspects of renting to avoid potential pitfalls, money matters, infrastructure, banking, healthcare/insurance, and other important considerations. See your IL products page if you've already got the Escape to Panama book or visit the IL Bookstore www.ilbookstore.com and/or consult your Panama attorney (info for an attorney below).

    Enjoy your time in Panama!

    Best,

    IL Panama Editor Jess Ramesch

    Real estate/rentals: International Living does not sell/broker real estate/rentals. You can write to Pangea, exclusive real estate advertiser to IL, to request broker information or to ask questions about real estate, developments, and renting:
    Email: info@pangearesearchgroup.com
    Website: https://pangearesearchgroup.com

    VISAS/ATTORNEYS: If you plan to live or buy a home here, you'll need a reputable, reliable Panamanian lawyer to assist you with legal matters. You can send legal questions (about residence, real estate, business, estate planning, etc.) to:

    Rainelda Mata-Kelly
    Mata-Kelly & Partners
    Local tel: +(507) 216-9299
    From the US/Canada: (011 507) 216-9299
    rmk@mata-kelly.com
    www.mata-kelly.com

    DAVID GOLD
    Casco Antiguo Spanish School
    US Tel: (203) 820-2234
    Email: David@cascospanish.com
    Website: www.cascospanish.com

  • 0 Votes
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    There's a lot of variance. It really depends on the town/neighborhood as well as the type of property (apartment or home, luxury or mid-range, etc), so it is important to do your research based on these factors, but note this is definitely not a flipper's paradise. I bought because I wanted to live here. What I like is the stability, we don't tend to have major booms or bubble bursts. I'm confident I'll be able to sell if/when I want to (bought in 2021, planning to keep for 5 years then evaluate whether to sell and buy again). Not expecting a huge profit but I'll come out ahead versus if I'd rented. Mid-range property purchased for under $200k, coveted building with amenities (gym, pool, etc.) on a golf course in a top beach town. One bedroom (admittedly harder to sell than a 2/3 br, but I would have zero trouble renting it out and covering the mortgage and maintenance fee), just over 1,000 sq ft.

    Best,

    IL Panama editor Jess Ramesch

  • Panamanian Citizenship

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    De nada!
    Thanks for posting and best of luck with all your Panama plans.

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    Hello, hope you had/are having a wonderful time in Panama. Rosalind Baitel was at the conference as an expat speaker, she is not a tour guide. Generally expat speakers participate in IL conferences to talk abut their full and enriching lives as expats. They do not sell real estate or offer tours. In your conference materials you have contact information for Pangea's RETA concierge who can help answer questions about neighborhoods and real estate and put you in contact with brokers who offer tours. Generally speaking you'll spend upwards of $900 a month for an apartment like that in a nice neighborhood in Pamama City and in the city electric is usually billed separately. Happy apartment hunting!