International Living editor Jessica Ramesch introduces you to the best bay-side addresses in Panama City. These neighborhoods offer every comfort you could want—and if you know where to look, you can buy a home here for as little as $180,000 or even less. Jessica will show you how much you should be paying for a home in Panama City …where exactly you should be looking...and how many comforts you can look forward to on a budget of $2,500 a month per couple.

Margaret Summerfield, international real estate expert and scout for Pathfinder International, has been living and working in Panama for eight years. No one knows the ins and outs of Panama's local real estate markets better than Margaret. She explains how to perform your own due diligence on any real estate agent or developer you meet, how to ensure you won't get the shaft from your neighbors, how to protect your escrow money, and much, much more.

Panama City-based attorney Rainelda Mata-Kelly explains all the steps you must take when purchasing real estate in Panama. Yes, you can buy fee-simple property in your name in Panama, except (if you are a foreigner) for one special type of property. Knowing the ins and outs can be critical to your success when buying in Panama. Rainelda also discusses your tax obligations (there are very few, but it's important to know what they are). While you may know about Panama's property tax exemptions, what you may not know is that these exemptions don't apply to every property. And they apply to land and structures differently.