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Renting in Panama is a good idea, expats often live in small communities and it is wise to make sure you have a good fit before you buy. Some Realtors recommend 6 months to a year of renting before you decide to buy.
Here are some tips on finding a good rental property and the rental process:
- Ask friends and contacts, good property is often found through word of mouth
- Try the La Prensa or El Siglo classifieds section called 'alquiler - casas' 'alquiler - apartamentos'
- Look for signs in windows, 'se alquila' means 'For rent'
- In some places you can find classifieds online in English, try the Panama Unclassifieds at Yahoo!
- Rental contracts are for 1 year. They may be renewed automatically and increase 15% per year if the price is in Colones.
- Prices are based on location. In rural areas you can get a large house with a large yard for $500 per month, in more exclusive areas they will cost $3000.
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