Buying in Panama

Ginger5 New member

4POSTS

9 years ago

New to the site聽

聽聽Considering buying beach front properties.聽 Any words of wisdom ??聽聽Had anyone heard of Recap investments ?聽聽Trying to do my due diligence and have been unable to find any dirt on them -- is that possible ??

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GuestPoster78490 Guest

0POSTS

9 years ago

@Ginger5
take a look at the Navy map first

kristc99 Serial expat

883POSTS

9 years ago

There is another active thread on this very topic.
Don't buy anything until you have lived here at least 6-12 months and are sure Panama will work for you.聽
Don't buy anything pre-construction.
My $.02 worth, YMMV

1 member reacted to this post

SawMan Serial expat

577POSTS

9 years ago

Ginger5 wrote:
New to the site聽聽聽Considering buying beach front properties.聽 Any words of wisdom ??聽聽Had anyone heard of Recap investments?聽 Trying to do my due diligence and have been unable to find any dirt on them -- is that possible ??

My advice:聽 Don't do it.

As far as due diligence, Panama is the land of shell corporations and hidden ownership and control.聽 Go to this link and click on any of the names below and you'll see them associated with hundreds of corporations in some capacity or another.聽

1 member reacted to this post

tntrumbull Member

23POSTS

9 years ago

RENT for a year first!!!聽 Then you can have enough local information to make a purchase if you must.聽 In the later years of life, you usually need less and want to enjoy your life more than maintaining and repairing your home.

manper Active member

45POSTS

9 years ago

Same advice; don't do it! Specially beach front properties or in natural areas, most of them are protected areas or national parks, some people have feak property papers. There is a lot of fraud on that matter

gcreilly57 New member

7POSTS

8 years ago

Run away

PanamaBetsy New member

7POSTS

8 years ago

I agree with Kris (kristc99).聽 You should live in Panama for awhile before you buy.聽 Make sure it is the right place for you.聽 And maybe you'll decide to stay, but never buy.聽 Why not, it is cheap to rent here.聽聽

If you do buy, you do need to throughly investigate the property before buying.聽 Much more investigation than you would need to in the States or Canada.聽 However, it is not as fraught with fraud as some of the previous posters indicate.

I have some articles on how to safely buy property in Panama on my site.聽 LivinginPanama.com.

Best wishes,
Betsy Czark