Panama is a good place for US citizens to invest in real estate, have a retired life or to do business. Panama’s Residency Laws, Investment Laws and Real Estate Laws are very friendly towards foreign citizens.

To buy a new house and moving there it is necessary to obtain the services of a good attorney and a reliable estate agent. Houses and plots in Panama City are much cheaper than those in any major US or European city. It is better to visit the place and see for yourself the place you propose to buy. The reliability of the estate agent must be confirmed by independent sources especially when you are not familiar with the place. Remember there are fly-by-night estate agents also. If you can get a good attorney he will take of the inspection of title deed, transfer of money, documentation and registration of transfer of property and all the legal needs.

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