Right Now Could be the Best Time to Come to Panama...the Hub of the Americas
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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- Population: 3,559,408
- 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
- Language: Spanish (official), English 14%; (many Panamanians are bilingual)
- Country Code: 507
- Coastline: 2,490 km
Al Fine knows a magic word: “jubilado”. He gets special treatment when he uses this word. He never has to wait in line. It’s not a trick…but an entitlement. You could be eligible to use this word, too.
These clear turquoise waters with patches of sapphire seem to belong in the Caribbean.
Isolated in the Chiriqui highlands of Panama’s western-most province, the town of Boquete might as well be in a different country.
The party is over… for this year, anyway.
The largest Live & Invest in Panama Conference in the history of International Living is now finished and entered in the record book.
There’s a little beach town in Panama where you can still buy a home on a long stretch of beach. And you’ll pay very little for it. I’m pretty sure you’ve never heard of this place. Very few expats live here, yet it’s less than an hour from an airport. And about the same distance from Panama’s most popular expat locale
Find something you love to do and then do it like you love it. That’s good advice… something we’ve heard over and over. And it’s striking a chord with those who’ve joined us here in Panama at the International Living Live and Invest in Panama Seminar 2010.
Isn’t it curious that the month U.S. citizens pay income taxes begins with April Fool’s Day and ends with ‘May Day’—a commonly known distress signal?
We’re going to try something a little different today. I’m not sure where we’ll end up, but stick with me… We’ve added a lot of new readers over the past few months—to you, a big welcome. To help you get up to speed on how International Living can help you find an overseas adventure, opportunity, […]
Despite a faltering world economy and a drop in number of ship crossings, Panama Canal revenue increased in the first quarter of 2010.
A new bio-museum in Panama will be the only building in Latin America designed by acclaimed architect Frank Gehry and could boost tourism.
For the first time ever, Panama has earned an investment-grade credit rating from Fitch Ratings. The rating resulted from Panama’s economic growth, improvement in public finances, low debt, and important tax reforms.
In 1999, the last of the U.S. military personnel quit their bases in Panama, and the land, along with the Panama Canal, reverted to Panamanian administration. Now, a new development is firmly on track to becoming Latin America’s largest logistic and business hub and first green city. The business opportunities abound.
I am in Cerro Azul, a town I haven’t visited in years. It was once the trendsetting place to own a home. Panama’s upper crust continued to buy here from the 1940s through the 1980s.
“Timing is everything.” They say it about wine. About fashion. And, of course, about real estate. I’m ill-qualified to comment on the first two. But when it comes to property investing, I’d agree.
“Offshore”: The word conjures up images of something illicit, doesn’t it? That’s because governments around the world have done their best to brand the term as something that is evil and unpatriotic.
Does it really make sense to have medical treatments in Panama? My answer: Absolutely.
What’s the secret to being happy, healthy, wealthy and wise? I won’t go as far as to say that moving to Panama will solve all your problems. But if accessing good quality healthcare is important to you, then the affordable healthcare in Panama will make it easy for you focus on the other aspects of a retirement in paradise.
Driving up into the hills, I am suddenly surrounded by orange trees. They are currently laden with hard green fruits. In September, though, there will be an abundance of ripe, fragrant oranges as plump as you please. Then the Orange Fair will draw locals from all the surrounding villages
It seems this congressman died and went to heaven and Saint Peter was at the gates of heaven and he said, we really think you should consider the possibilities here that there is more than just heaven. He said, we’re going to require you congressman to go down to hell.
According to a recent report by Freedom House, Panama is one of the freest countries in Latin America.
I see a lot of opportunity in Panama right now for entrepreneurs and small businesses; in fact, I see more opportunity here than in just about every other country in the western hemisphere with few exceptions.
Where are the best places to find an easy retirement? InternationalLiving.com staff pick their Top Six destinations for smooth, trouble-free retirement.
Steve Hartwig lives on an island that’s approximately three miles long. He leads a quiet life, running a small Bed-and-Breakfast. He’ll tell you there isn’t much to do—that is, outside of contemplating the bright blue water and the many species of rare and colorful birds. And that’s just fine with him.
A cool breeze tickles my neck as I take in the view from Gaital Hill. The sky is a gingham pattern of crisp blue and white now that the mists have dissolved in the afternoon sun. The fauna is deeply green and seems to cover everything. At the foot of the hill lies my destination…“the valley.”
On the heels of a record-breaking conference in Quito, Ecuador, InternationalLiving.com expects to set yet another attendance record at its upcoming Panama conference in April.
It’s a stunning drive to Volcan—and that’s not just travel writer hype. As the road winds up into the mountains, one vista after another unfolds. I have driven this road many times over the past four years, and it’s still as invigorating as ever.
A depressed global economy, rising health care costs, increased taxes, and lower quality of life are just a few of the reasons for a record-setting registration for the InternationalLiving.com Ultimate Event V in Quito, Ecuador, February 24-27.
Anyone who has visited Panama City recently knows two things: the city’s new Coastal Belt Highway improved the traffic situation immensely, and Casco Viejo ranks as one of the city’s most charming and beautiful areas. Now the two are coming together in a way that could spell the business and cultural boom that Casco Viejo […]
Find out all the winners in the 2009 retirement index.
Discover the easiest way to get to Latin America and learn about Thai Airways unique program that focuses on Asia’s world famous pilgrimage sites
One of the most common questions we get from IL readers is: Where in the world is it easiest to retire or relocate? The answer? It depends.
As I travel, I see many places that are compelling for talented entrepreneurs because of a combination of business opportunities, tax-advantaged corporate structures, and low cost of doing business. Here are some of those places
One of the best – and fastest – ways to avoid boredom and become a part of your new community is to connect with other like-minded individuals through expat-oriented activities.
A selection of upcoming events for IL readers…
In the second half of this year we will start to see highly distressed condo sales in Panama City emerge. These are deals we will want to pay attention to…
My friend Paul lives in a mountain community that used to be reserved for the Panamanian elite. I was surprised to find out that his twenty-something son lives there, too. Ever the city girl, I don’t understand. “Doesn’t he get bored? Wouldn’t he rather live in Panama City?” Paul shrugs: “We’re only 30 minutes from […]
In Panama, the lifestyle is more convenient and comfortable than ever. Nowadays, because of a new coastal road, I need not sit in traffic for an hour to visit a bank in the busy financial sector.
Snow, sleigh-bells, mistletoe—or the beach? Christmas doesn’t always have to mean a gaggle of relatives, too much eggnog, and bulky winter coats. This year, why not relax in a hammock, with a cocktail and the soothing sun?
America will be shocked by Panama’s ultra-modern look. But here looks are not just skin-deep; the city lives up to the swanky image created by its towers of glass and steel. That means you’ll find a sizzling nightlife and plenty of trendy restaurant districts to keep your palate entertained.
Although we had traveled extensively prior to our moving overseas in 1987, it was only then that we realized that we would not return to the States when we retired.