How to Buy Real Estate in Panama: A Step-by-Step Guide for Expats & Investors

Buying property in a foreign country can feel overwhelming — but in Panama, the process is surprisingly straightforward when you’ve got the right info and guidance. 

In this second official blog by Amapanama Realty, we’re laying out a clear, easy-to-follow roadmap for buying real estate in Panama — whether you're dreaming of a beachfront home, a mountain hideaway, or a savvy investment. We’ll walk you through legal must-knows, title checks, fees, financing, and the insider tips you really need to feel confident and informed.

Why Panama? 

First off, let’s talk about why so many people are investing in Panama. Beyond its stunning natural beauty — from Pacific beaches like Playa Venao to mountain towns like Boquete — Panama boasts:

• A stable economy and currency (U.S. dollar)

• No restrictions on foreigners owning titled property

• Multiple residency programs and tax incentives

• A growing real estate market fueled by tourism and remote work

• Strategic geographic location and strong infrastructure

Basically, Panama ticks all the boxes for lifestyle seekers and savvy investors.

Can Foreigners Own Property in Panama? 💡

Yes — 100% yes.

Panama welcomes foreign buyers with open arms. As a foreigner, you have the same property rights as Panamanian citizens, with one small caveat: you cannot own land within 10 kilometers of national borders, but otherwise, you’re good to go.

Whether you’re purchasing as an individual or through a corporation, it’s completely legal and common practice.

Step-by-Step: Buying Real Estate in Panama 🏡

Here’s how the process typically flows — and what you can expect as you search for your dream home or investment.

1. Find a Local Real Estate Professional ✅

Start with a reputable, bilingual, boots-on-the-ground agency (hint hint like us at Amapanama Realty). We know the neighborhoods, the paperwork, and the people.

Having local expertise will help you:

• Avoid overpriced properties

• Understand titled vs. ROP land (more on that below)

• Navigate negotiations with sellers

• Get connected with trusted attorneys and notaries

2. Decide: Titled vs. ROP Land 🧾

Titled Property:
This is land that has been legally registered in Panama’s Public Registry, and comes with full ownership rights. It’s the safest and most recommended option for most buyers.

ROP (Right of Possession):
This means someone has long-standing use of the land, but it’s not titled or formally owned. It can be risky and complex to navigate, especially for foreigners — though some choose ROP for beachfront land that isn’t available as titled.

⚠️ *Pro Tip: Stick with titled land unless you're working with a lawyer experienced in ROP cases and are comfortable with