Should You Rent Before You Buy in Panama?
Last reviewed October 27, 2026
What expats in Panama commonly advise
- Spend time before deciding. Popular areas include Panama City, Boquete, Volcán, El Valle, Coronado and the Pacific beach towns. Expats suggest spending a few months in more than one.
- Plan to stay long-term. Selling property can take a long time.
- Consider leaving most belongings behind. Most brands are available in Panama at comparable prices.
- Think twice about bringing a car. Shipping, duties and parts can be expensive.
- Have an onward ticket. Airlines and immigration often ask for proof of onward travel when you arrive.
- Check your health coverage. Local plans are mostly hospital plans, and some international plans exclude the United States.
Visit before you move
If you are considering Veritas Village in the Coronado or Chiriquí areas, we encourage you to visit and see the homes and amenities yourself. See Veritas Village Coronado, Veritas Village Chiriquí and the Construction Updates to see how our homes are built, then contact our team to plan a visit. If your plans include residency through a purchase, read how Panama’s investor visa works.
Frequently asked questions
How long should I rent before buying in Panama?
Many expats suggest at least six months, preferably in the area and type of home you are considering.
Should I bring my car to Panama?
Expats commonly advise against it because of shipping, duties, storage and different parts.
Where do expats live in Panama?
Commonly mentioned areas include Panama City, Bocas del Toro, Boquete, Volcán, El Valle, Coronado and Pedasí.
Related guides
- Does Buying Property in Panama Give You Residency?
- Do Expats Pay Taxes in Panama, Costa Rica and Nicaragua?
- What Is the Best Place to Live in the World if You Want Freedom?
Thinking about living in a Veritas Village? Our team can answer your questions about communities, homes and the buying process.
Sources
This guide is general information compiled from the public sources above. Immigration, tax and property rules change often and vary with your situation. It is not legal or tax advice; consult a qualified attorney or accountant before you act.