Bocas del Toro, Panama
Real Estate in Bocas del Toro, Panama
Last updated on Jul 07, 2023
Summary: The most desirable neighborhoods in Bocas del Toro, Panama are Isla Colon, Isla Carenero, and Bocas Town. The average cost to buy a nice 2 bedroom home in Bocas del Toro is around $150,000 USD, while a nice 3 bedroom home can cost around $200,000 USD. These properties typically include modern amenities such as air conditioning, stainless steel appliances, and private balconies. Foreigners are allowed to own property in Bocas del Toro, however, they must obtain a cedula (residency card) in order to purchase property. When searching for a home to buy in Bocas del Toro, it is best to consult with a local real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties. Additionally, it is important to research the local laws and regulations regarding foreign ownership of property.
How do I find a place to live in Bocas del Toro?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Bocas del Toro is to search online for rental listings. There are a variety of websites that offer listings for apartments, houses, and other types of accommodations in the area. Additionally, you can also search for local real estate agents who specialize in the area and can help you find the perfect place to live. Additionally, you can also ask around in the local community for recommendations and advice on where to look for a place to live," remarked one foreigner who made the move to Bocas del Toro.
"We wanted to live in a safe local neighborhood near the ocean. I listened to my friends who were already here and looked in those areas," explained one person living in Bocas del Toro, Panama.
Kovalenko & Vera Attorneys at Law in PanamaConnect
Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
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Kovalenko & Vera Attorneys at Law in PanamaKovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
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What is a typical expat home or apartment like in Bocas del Toro?
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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