This property consists of 6 hectares of TITLED land and 18 hectares of ROP. Just 35 minutes by boat to Bocas Town and only 15 minutes to the mainland town of Almirante. The fertile land is teaming with cacao, noni, bananas and other local fruits and has a freshwater spring that flows year round. In addition to being able to build over the water or along the beach, there are also many elevated building sites that offer great ocean views and breezes.
When people come to Panama with the intention of purchasing a property on a tropical island paradise like Bocas del Toro, they are often confused by the way properties can be acquired. Most of us are used to the concept of having a property title and perhaps even access to a title company that researches a property and makes assurances there is a clear trail of ownership with no encumbrances on the land. Panama does have a property recording system similar to that of the US and these days, there are even title companies that offer their services to property buyers of titled properties.
What is different is a long-standing custom called “Rights of Possession”. It is a very old concept and is not unique to Panama. In a lot of ways it is a good concept for countries where the average income is marginal and many of the inhabitants have little or no chance of ever purchasing any property.
Our property location experts are always happy to explain the process of ROP property and how it will work in your situation.
Are you ready to stick your toes in the warm sand of Bocas del Toro? Contact us at United Country – Panama Paradise. Whether you’re looking for more information about this Bocas Del Toro sand beachfront and farm land or a beachfront condo, island residence, resort or commercial property, we have the expertise to make your dreams a reality.