Property Sales to Foreign Buyers Increased by 20%

Foreign buyers are jumping on real estate opportunities in Panama, according to a new report. In the first half of 2023, sales to foreign buyers in the first half of 2023 jumped 20% from three-year-ago levels, financial consultancy Indesa found.

Indesa managing partner Luis Navarro concluded that “this is the time to buy” property in Panama, with price increases likely in the “not too distant future,” according to coverage in La Prensa. A variety of factors in place will continue to make Panama attractive to foreign buyers, including attractive dollar-based mortgages, he said.