Panama: Titles Awarded on Coastlines and Islands

The new law will recognize whoever has occupied the land for more than 5 years as the original holder.

Friday, April 3, 2009

This new regulation, adopted on April 2 by the National Assembly of Panama, will grant titles to 22,000 hectares of islands and coastal lands, recognizing whoever has occupied them for 5 years as the original owner.

The next step for the implementation is for the law to be sanctioned by President Martín Torrijos.

According to the report in prensa.com, legislators commented that the project benefits 100 thousand families, and that "no titles shall be granted in mangrove zones, indigenous territories and protected areas."

More on this topic

Nicaragua: Legislation on Property Ownership Unified

March 2017

A new law passed by the Assembly compiles all regulations concerning foreign and local investment in real estate, in order to provide legal certainty to investors.

From a statement from the National Assembly of Nicaragua:

The National Assembly has unanimously adopted in its entirety, this March 9, the Law on Nicaraguan Legal Digest of Property Matters, which will guarantee legal certainty to Nicaraguans and foreigners wishing to invest in the country, said Deputy Edwin Castro, Vice President of the Commission of Justice and Legal Affairs.

El Salvador: Delays in Regularizing Properties

March 2015

In three years only 27,000 out of 350,000 properties have been registered and titled due to the excessive bureaucracy processes which need to be carried out in municipal entities.

The Lotificadores Association of El Salvador (Alles) has revealed that are approximately 15 articles of the Special Act on Subdivisions which must be modified in order to reduce the number of procedures to be carried out to legalize land parcels.

Changes to Land Titling Law

September 2012

The Panamanian government has presented for review at the National Land Council a draft bill which changes current land titling legislation.

The bill gives more power to the National Land Authority (Anati), such as a period of seven years for the role of administrator and the elimination of free titling in any of its forms.

Panama Enacts Coastal and Island Law

April 2009

Law 23 governing the allocation of coastal areas was enacted in the Official Gazette.

This law generated controversy because it will give property titles to land on islands and to coastal lands, recognizing anyone who has occupied the land for 5 years as the original owner.

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Latinamerica Title Co.

Latinamerica Title Co. is an agent of Chicago Title. Our company offers customers the most comprehensive and accurate title and escrow related services in the region, enhancing real estate transactions with a group of services that minimize the risk of investing in a foreign country.
Operates in Costa Rica and Panama
Phone: (506) 2256 9697 - (507) 830 5500

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