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About Dimitri Svolos
Expertise
Any question relating to Panama real estate laws and practices, importing into Panama, relocating pets into Panama, hiring contractors in Panama, document transfers in Panama, starting a business in Panama, living in Panama and relocating to Panama.

Experience
I have over 10 years of experience as a professional engineer and licensed Realtor in Panama. I am fully tri-lingual in English, French and Spanish. I am originally from Canada but living and working in Panama since the canal changed hands (1999).

Education/Credentials
Bachelors in Civil Engineering Masters In Business Administration

You are here: Experts > Cultures > Mexico/Central America for Visitors > Panama > financing

Panama - financing

Expert: Dimitri Svolos - 10/8/2009

Question
Can one get Real Estate financing from Panamanian banks or must all purchases be in cash?

Answer
J W, most of Panamanian banks do offer real estate financing and their protocols are similar to the ones in the US. Some of them are as high as 70% for qualified customers. The specifics and pre-requisites for mortgages must be discussed with each bank as they may vary.

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