Reasons to buy a home in Bocas del toro
The Panamanian province of Bocas del Toro sits in the country’s far northwest, close to the border with Costa Rica. The Bocas del Toro region is home to a wide range of landscapes, from banana fields to mountains to an indigenous territory known as Comarca.
If you’re looking for property in Bocas del Toro, chances are you’re picturing the province’s island archipelago. When you initially arrive in the area, you will most likely touch down on Isla Colon, the largest and most populous of the islands.
Real estate in Bocas del Toro is attractive because of the island’s accessibility to both North and South America. Getting here from the southern United States just takes a few hours thanks to Tocumen International Airport in Panama City, which serves as a major aviation transit hub for both continents.
Bocas Del Toro Housing Options
Assurance of Title
Just like in the United States, property in Panama can be legally owned with a title. The Panamanian government will require you to pay property taxes and register your property in its central registry. Real estate with a clear title is a safer investment than real estate held in a real estate operating partnership (ROP).
Possession Rights to Real Estate
Panama created a new kind of property called “Right of Possession” (or “RoP”) in order to recognize the traditional land ownership of its indigenous people. If a property owner can demonstrate that they have kept up with maintenance or made improvements to the property for at least 7 years, they may qualify for ROP. Obtaining a government concession is required before construction on ROP land.
Land Granted by Concession
Buildings that are situated over the lake are typically considered to be Concession Property in Bocas del Toro. In Bocas, if you wish to build over the water, you have to own the land that is behind the place where you want to build.
In order to construct in this region, you will first need to submit an application to the government requesting a Concession. The concession is an agreement to lease the property, and it is often issued for a period of twenty years with the option to extend it.
Review of Bocas del Toro, Panama, Real Estate Market
Finding available Bocas del Toro homes for sale is now easier than ever. Single-family houses, townhomes, condominiums, and commercial properties for sale in Bocas del Toro, Panama. All listed in one convenient location. In other words, you get a lot more information than just a list of residences that are for sale. Easily view detailed descriptions, virtual tours, location maps, and images of available properties in the Bocas del Toro, Panama real estate market.
Best neighborhoods to live in Bocas del Toro
In Bocas del Toro, residents are free to participate as actively or passively in civic life as they like. While some locals opt to make one of the smaller islands their permanent abode and spend their days lazing on a (practically) private beach, others dive headfirst into the many exciting opportunities presented by this dynamic region.
You’ll easily find your people in Bocas del Toro, whether your thing is catching tarpon for yellowtail and marlin, diving with exotic species at Starfish Beach, or catching some waves. The local expat community is warm and kind, and you’ll quickly find your place among them.
Bocas Town/Isla Colon
Isla Colon is the Bocas del Toro Archipelago’s gem. The island has some of the best beaches and tourist attractions, as well as Bocas Town, the capital city.
Bocas Town is a tourist destination, but Isla Colon is surrounded with pristine rainforest and beaches. Starfish Beach, Boca del Drago, Bluff Beach, and Paunch Beach are popular tourist spots on Isla Colon, as are surfing, scuba diving, hiking, horseback riding, and ATV riding.
Isla Solarte
Route of the setting sun. Near the western end of Isla Solarte, a quick water taxi ride from Bocas Town will bring you to our Overwater Bungalows.
The Bocas del Toro Archipelago is rife with beautiful locales, but this one ranks near the top. Staying in a Luxury Overwater Bungalow in such close proximity to Bocas del Toro’s sights is an unbeatable deal.
Isla Bastimentos
If you’re looking for a less hectic option to Isla Colon, head to Bastimentos, the largest island in the Bocas del Toro archipelago. Bastimentos is largely jungle, secluded beaches, indigenous villages, and hotels and lodges. Bastimentos National Marine Park encompasses 13 hectares of ocean, 11 hectares of land, and Cayos Zapatillas. This park protects mangroves and coral reefs. Check out Bastimentos’ top activities and sights.
Why now is the right time to buy Bocas del toro homes for sale
Compared to other sections of Panama, this province is far less developed. In this way, property in Bocas del Toro is a great investment. American, European, and South American purchasers are flocking to this network of Panamanian islands because of its beach and magnificent rainforest surroundings.
