I have listed a new property at Costa del Este.

Sevilla - Brand new contemporary Condo highrise now selling!

Located close to the heart of the business district, with stunning ocean views and city vistas, this new condo highrise is a steal for the price!

Large spacious units (limited number left for sale now), family orientated with the modern luxuries you would expect.

Children's play ground, modern gym, pools for adults and children as well as a great jacuzzi! The fifth floor holds a beautiful social area and boasts a elegant ballroom as well.

Secure and gorgeous lobby with 3 speedy elevators to keep people moving.

The location alone is excellent as well, with the closeness to shopping, motor routes, hospitals, private schools and so much more! All the convenience in one easy accessible area!

Contact us for more details!

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I have listed a new property at San Franciso.

Terrasol - Condos

With amazing ocean and city views, this highrise is selling fast. Located in the ever popular area of San Francisco, Panama City, right next to the amazing Terrawind towers, you can ride the panoramic elevators up to your spacious condo and enjoy some of the best living Panama has to offer.

Family friendly, and children are always welcome, especially in the children's pool and children's recreation area. Enjoy a gorgeous social area and elegant ballroom for hosting all your functions and impressing your guests.

Also, you have access to a modern fitness area, sauna, and jacuzzi!

Please contact for more details before this amazing offer ends.

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I have listed a new property at Bella Vista.

White Tower

With plenty of units for sale starting at $273,700USD, you have a great selection of ocean view apartments to choose from!

1, 2 and 3 bedroom units available and if you want go all out in the luxury side, Penthouse units are available as well.

This beautiful tower contains 62 levels, parking with each unit, great social area, basketball court, adult and children's pools, and jacuzzi!

For entertaining and holding larger functions, make use of the glamour ballroom!

Close to downtown, looking over the ocean, great motorway access, and best of all...Shopping!

Enjoy the luxuries of this incredible tower, and the millions of amenities this beautiful and wonderous city has to offer!

For more details, please do not hesitate to contact us!

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I have listed a new property at Ave. Balboa, Marbella.

Waters On The Bay - New Condo Highrise now selling!

Situated on Balboa Avenue, across the street from the Cinta Costera (beautiful walking, biking, driving) motorway, this is all about location and luxury!

Malls, commercial and business districts of Panama City are right close by! Infront of you is the beautiful expanse of the Bay of Panama. Watch the boats floating through the habour, the big ships lumbering in the bay. Down below, you can see the busy little street of Balboa Avenue and across you can watch the people in the park or go check it out for yourself.

This tower has 69 floors, 6 highspeed elevators, social area, basketball court, fitness area, and swimming pools for adults and children! Certainly everything you need in one building and even more with its location!

Units start at $228,900USD (1 bedroom, 1 bath) and go up from there. 2 and 3 bedroom units are available as well and all come with parking!

Come create your ocean view apartment master piece and enjoy the experience of living in style!

Please contact us for more details!

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I have listed a new property at San Francisco.

Terrawind - Condo Highrise

Located next to Terrasol, in San Francisco, Panama City, right on the coast overlooking the Bay of Panama, you can get unparalled ocean and city views.

Like its sister project, Terrasol, this highrise is selling out quick with only a handful of units still available at excellent prices.

Starting in the spacious and elegant lobby, you can make your way up in the panoramic elevators, make a stop on the 6th floor for the expansive social area. Check out the adults and children's pools, and send the kids to play in the children's recreation area and go relax in the jacuzzi after your workout in the new fitness area and then go for a dance in the gorgeous ball room while hosting one of your evening galas!

All this is at your fingertips on your way up to your new ocean view apartment where you can watch the ships anchored in the bay.

For more information, please do not hesitate to contact us!

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I have listed a new property at Playa Malibu.
2000 meters of completely flat land located on Playa Malibu in Nueva Gorgona. Located only one block from the oceanfront. You cannot get any closer than this without spending much more for oceanfront. Gorgona is the next Panama beachfront community to boom. Poised for massive growth.
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I have listed a new property at Los Altos de Cerro Azul.

This is a great 2 storey, 3 bedroom home with spectacular ocean, city, and mountain views. The current owners have invested vast resources in upgrades, landscaping and maintenance and it shows.

Enjoy every kind of wildlife, including hummingbirds, tucans, monkeys, squirrels, deer, and fruit trees. This paradise comes completely furnished, and is move in ready.

Los Altos de Cerro Azul is a gated community only 25 minutes from the 24 de Diciembre area of Panama City, and the Tocumen airport. This convenient yet secluded gated community is again gaining popularity with both foreigners and Panamanians as beach properties continue to skyrocket in price.

Schedule your viewing today. It's easy to show.

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I have listed a new property at Coco del Mar.

Welcome to ICON, located on the coast of Panama City in the beautiful and popular area of Coco del Mar. This family friendly apartment-condo tower is selling so fast there are only a handful of units left!

You will amazed with the amenities of this great spot. Enjoy great ocean views, and access the building using their highspeed elevators! Fast and convenient!

Pool for adults as well as children, along with recreation areas for kids and a social area with a great ocean view.

Enjoy the jacuzzi, brand new gym, and make this your new home!

Contact us for more details before its all sold out!

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I have listed a new property at Punta Pacifica.

Oasis in Punta Pacifica, a brand new addition to the exicting city skyline of Panama City, shows impressive views and inviting finishes that reflect this luxurious area!

All these spacious apartments have ocean views! You can't beat that!

Along with a grand social area (with ocean views as well), adult and children's pool, fitness centre, playground, ballroom, and great high speed elevators to whisk you up and down to your destination in no time, you have everything here for a comfortable and luxurious living and entertaining guests!

There are still units available as well as a huge penthouse!

If you are interested in more details, please contact us!

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I have listed a new property at Punta Pacifica.

Opening a new company? Moving your existing company to new location?

Look no further! This is the office building you have been dreaming of!

Two great office towers, overlooking the ocean, with the professional finishes to amaze your staff and wow your clients!!

Close to hospitals, commerce districts, shopping, main transportation routes, close to downtown....inspiring ocean views! Its no wonder this location is such a highly desired spot for companies, offices and residential real estate!

Tower 1000 has 54 floors, with 12 elevators, and large office spaces available!

Tower 2000 comes with 44 floors, 10 elevators very spacious office spaces!

Make an impression, and do business in these sophisicated and luxurious towers that are sure to impress even the random passer-by!

For more information, please do not hesitate to contact us!

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Transferring funds to Panama can vary in difficulty depending on what country you are transferring from, but for Canadians in particular, the instructions provided by the receiving bank almost never include the physical address, which is needed by most Canadian banks.

 

Here is a great website to look up the physical address of the receiving bank using the SWIFT code, which is almost always provided by the receiving bank here in Panama.

 

http://finaint.com/

 

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I have listed a new property at Nueva Gorgona, Chame.

Welcome to Playa Serena!

Only 50 minutes from Panama City, along the gorgeous Gorgona Beach resting on the Pacific Ocean. Oceanfront life is waiting at this exclusive destination with more than 230 ft. of beachfront to enjoy!

Secured facility, 24 one bedroom apartments with ocean views!

Also available, two and three bedroom apartments and penthouses available, with their own living room, dinning room, kitchen and laundry area.

The amenities include a wonderful social area of 54,000 ft. sq. including swimming pools, gazebo, covered gathering areas, tennis court, pathways, and best of all...Direct access to the Beach!!

  • 2 Elevators per building
  • Swimming pools for children & adults
  • Barbeque area
  • Play area for kids
  • Covered gathering areas
  • Direct beach access
  • Tennis court
  • 1 parking space per apartment
  • Visitor parking
  • Storage available (extra)

Indoor social areas include a modern gym and spacious ballroom.

Feel free to contact us for more information on this great project!

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I have listed a new property at Coronado.

Beautiful home in San Jose just 2 minutes from Coronado and the beautiful beaches of Panama's Gold Coast. Freshly built by the best home builder in the area, ready for your personal touches.

A few great features include the fence, closed in garage, and large yard perfect for a pool, social area and large guest home(s).

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I have listed a new property at Playa Serena.

This property is the manifestation of every dream you have had all winter long, sitting infront of that computer screen in your dark cold office! This beachfront apartment affords you the lifestyle of your dreams for only $255,000 dollars furnished.

Playa Serena is one of the most popular beaches for new development these days, because of it's relative tranquility and value pricing. Hurry, the area is catching on, and you don't want to miss the wave!!

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Learn How to Calculate your Annual Panama Real Estate Taxes (effective Jan 2019):

 

In Panama,  real estate tax, also known as property tax, is not municipal, but national and the entity responsible for its collection is the Ministry of Economics and Finance located on Ave. Peru, in Panama City. It must be paid according to the official assessment value, which is usually the declared value on the sale document.

 

Real estate located in Panama, whether urban or rural, is subject to property taxes.


The tax base depends on the total value of the land, plus all improvements, as appraised by Land Commission (Oficina de Catastro), and if it is your principal residence, second residence, commercial, etc.

 

Real estate transactions at prices above the appraisal value automatically increase their value for tax purposes.

 

The maximum annual percentage of assessment on a primary residence is .7%, which is based upon two items:

- Over the value of the land, and
- Over the declared value of the improvements built.

 

The taxable base will depend upon the total value of the land plus all improvements.  The following is a complete breakdown of property tax rates under the new property tax law:

 

For your primary residence:

1.  0.0% for property valued up to $120,000.00
2.  0.5% for property valued over $120,000.01 and up to $700,000.00
3.  0.7% for property valued over $700,000.00
 
The combined progressive rate on commercial real estate, industrial, other residences and others is as follows: 
1.  0.0% for property valued up to $30,000.00
2.  0.6% for property valued over $30,000.01 and up to $250,000.00 
3.  0.8% for property valued over $250,000.00 and up to $500,000.00
4. 1% for property valued over $500,000.00.



 
 
 
Certain properties and improvements are exempt or can obtain exemptions from real estate taxes according to special incentive tax laws. In order to have received a 20-year exoneration on improvements, construction permits would have been need to be approved by July 1st, 2009 and need to be filed via the Public Registry before December 31st, 2011.

 

Properties currently under the old 20 year property tax exemption will continue to enjoy those benefits. If your property is not applicable for the 20-year tax exemption, then the following revised Panama property tax exemption exists:

Property Tax Exemption: Residential

  • 15 years Up to US$ 100,000.00
  • 10 years From US$ 100,000.00 to US$ 250,000.00
  • 5 years Above US$ 250,000.00
  • Commercial Use/Non-residential improvements have 10 year exoneration no matter property value

 

Taxes can be paid in three installments, namely by April 30th, August 31st, and December 31st.

 

 

Right of Possession (ROP) properties do not incur property taxes, since the property technically belongs to the government of Panama. Property taxes cover the fiscal year that runs from July 1 to June 30. 

 

Individuals also can pay half of their property taxes on or before August 15, and pay the other half on or before January 15 without interest and penalty.

 

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.