Right Now Could be the Best Time to Come to Panama...the Hub of the Americas.
Panama has long been the prime choice for retirees, second-home buyers, and property investors alike. Today you can still find apartments in sought-after areas of Panama City for $80,000 and live well on $1,200 per month.
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Panama Fast Facts
Population: 3,242,173
Capital City: Panama City
Climate: Tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
Time Zone: GMT-5
Panama Articles
Though well-known among merchants from all over the world, the province of Colon is a mystery outside import/export circles. However, it is home to the Colon Free Zone, one of the largest free zones in the world, second only to Hong Kong.
I’m often asked by IL readers where you’d find the best climate in Panama. Though I’m a city girl through and through, I’ve often wished Panama City had been situated in the highlands.
Panama’s new administration says it’s about to wave adios to an inadequate, beleaguered transit system. Says Finance Minister Alberto Vallarino, Panama is ready to usher in a new era.
It’s Jazz Festival “free day” in Casco Viejo. Every year, a week of concerts all over the city culminates here, with a free concert to beat all free concerts.
Today I’m driving from what looks like small-town USA to an island …
AARP The Magazine has chosen the highland town of Boquete in Panama as one of the top five places in the world to retire, along with Puerto Vallarta, Mexico; Languedoc-Roussillon Region, France; Le Marche, Italy; and Cascais, Portugal.
For colonial towns, places like Mexico, Guatemala and Ecuador come to mind before Panama. But truth be told, the best colonial towns in Panama are little undiscovered gems, places where intrepid expats can find opportunities galore.
I’ve been living in Panama City, Panama since 2005. I left my job at a major cruise line after traveling the world and seeing its most famous beaches. After four years on ships, I still thought the best beaches in the world were in Panama
See the video below from International Living’s Panama editor, Jessica Ramesch. Jessica is in historic Casco Viejo in Panama City, which was founded in 1673. Here, you’ll find cobblestone streets, stately churches that are more than 300 years old, and French and neoclassic style colonial constructed buildings.
When I first arrived in Panama, I was like a kid in a candy store. As a real estate investor, I immediately saw the opportunities. I was attending an IL conference and on day two I purchased my first apartment for $76,500—four blocks from where the conference was being held. (It’s since generated close to $40,000 annually for the last few years.)
