Buying Real Property in Panama

The Difference between Titled and Rights of Possession Properties There is a lot of confusion when foreigners look to buy real estate in Panama. That’s because some sellers have actual “title” and others only sell their rights to “possess” a property. Moreover, deeds of title are different in Panama from the United States or Canada. Let’s clear up this confusion. Panama recognizes three different types of real properties: Titled, Rights of Possession, and Concessions. 1. TITLED PROPERTY Titled property is similar to “fee-simple” title in the United States and is the most secure form of real property ownership in Panama. The Constitution of the Republic of Panama guarantees the right to own private property. Titled properties measured and properly reco View the rest of this article


home rental ads