Real Estate in Panama
Most of the property you will find for sale in Panama will be much more affordable than what you may be accustomed to. Panama is regularly hailed for providing First-world luxuries at Third-world costs. Panama City is a modern metropolis where you will easily find all of the amenities and comforts you need. Nevertheless, the country's economy is still developing, and prices are relatively inexpensive across the board. In other words, you will be able to find stunning properties for sale in Panama that you may not be able to find or afford elsewhere.
It is similarly important to point out that acquiring property in Panama is relatively simple. Foreigners in Panama enjoy the same property ownership rights as Panamanian citizens. So when you find that exquisite beach lot for sale and are ready to pursue your lifestyle dream, you won't have to jump through any hoops to make your dream a reality.
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Warm and sunny days…beautiful people lounging on the sand as surfers vie for choice waves… palm tree-lined boardwalks in picturesque beachside towns, dramatic craggy cliffs…the California coast has certainly captured the popular imagination. No wonder; it’s one of the most pleasant places in the world to live. But on the flip side, it also has some of the most expensive real estate in the world and a high cost of living.
“What are you doing tomorrow?” That’s how the best weekends start in Panama. Last-minute invitations are never considered rude. And I’ve learned they should always be accepted…especially if you want to explore the country. So the next thing I knew, I was piling into a pickup truck with two local friends and heading to the little mountain town of Cerro Azul.
To me, there’s something almost magical about the beach. From the peaceful sounds of the surf breaking against the shore to the squawking of the gulls high above, it conjures up visions of simpler times when the only worry in the world was whether or not the water would wash away our sand castle.
Whenever my husband and I have guests who visit us, we make sure to take them to the highland town of Volcan, in the Chiriqui Province in western Panama. Named for Baru Volcano, the only volcano and the highest peak in Panama—reaching 11,480 feet—Volcan is a pleasure to travel to. The drive from our home in the city of David involves driving past some stunning scenery.
What if you were sitting in the shade of a palm tree looking out at coral white sands on a tropical island? Yesterday, you were learning to paddleboard from a hidden cove, and tomorrow you’ll explore surfing spots farther up the mainland coast. Tonight you’ll choose from French cuisine, Italian pasta, or feast on fresh-caught tuna while watching the game at Smileys bar.
When moving abroad, renting a place to stay is an attractive option that offers a lot of advantages, whether you’re headed to Costa Rica, Malaysia, France, Mexico, Ecuador, Ireland…or any country. If you plan to buy or build a home eventually, renting allows you to investigate a region and/or community…or several…before you put down roots. You don’t want to be stuck in a neighborhood, region, or home you don’t like.
Are you dreaming of a California lifestyle…but think that you’re unable to afford it? If so, you’ll want to consider Coronado, Panama. Just an hour’s drive from the only First-World city in Central America, at first glance you might notice that Coronado isn’t the cheapest retirement choice in the world…or even in Panama. A couple would want a total of $2,000 to $3,000 a month to live comfortably within the Coronado gates (including rent). Monthly rentals can be found for $1,000 to $2,000, and homes sell for $175,000 to $300,000…
For many, Latin America conjures up images of steamy, wildlife-filled jungles and beautiful people lounging on tropical beaches, sipping umbrella-bedecked drinks. But there’s a whole other side to Latin America…regions where temperate—even cool—climates and jaw-dropping vistas of snow-covered volcanos are the order of the day.
The first time I visited Pedasi, I thought to myself, “Is this it?” Small colonial homes line the main strip, behind which you’ll find a small plaza flanked by a neat little white church. There are usually a few old-timers sitting under the gazebo, wearing the same sombreros pintados (painted hats) their fathers and grandfathers wore.
Panama City is one of the world’s top cities for retirees. There are plenty of reasons. For one thing, Panama’s Pensionado program provides the most attractive range of retiree benefits you’re likely to find anywhere. The temperature rarely drops below 68 F. And the city is jam-packed with modern amenities, thousands of restaurants, glittering shopping malls, cinemas where you can catch English-language movies…
In the heart of rural Panama, nestled in the crater of an extinct volcano, El Valle is a place of orchids, rainforest greens, and canary-yellow flowers. Though it’s relatively unknown beyond Panamanian borders, locals argue that no other town can match it. And not just because of the singular beauty of the velvety-green mountaintops.
As I sit here sweating in the middle of January it’s hard to imagine that it’s cold somewhere. Our friends back in the U.S. are still working, yet I’m only 53 years old and happily retired now for two years. The past two and a half years have gone by quickly as we’ve settled into our new life in Panama.
In much of Panama, sultry tropical days average 88F…but there are places where you can experience more temperate weather. Think mild and breezy—up to 10 degrees cooler (or more, when the sun’s not out). Places where rain will be your biggest concern…where there’s no hail, or snow, or hurricanes either. The most popular is the mountain town of Boquete, located in the Province of Chiriquí.
It’s hard to believe four years have passed since I moved to Panama. It’s even more incredible to think that I left the U.S. almost nine years ago. I live in David, the capital of Chiriquí Province in the west of the country. I didn’t plan to move here; it was never on my “to do” list. But when my husband, Al, and I first saw the rolling hills and slopes lined with rows of vegetable plants, acres of pineapple and rice fields, coffee plantations…
You might not “get” Coronado, Panama’s fastest growing beach town, immediately. There’s no main square or plaza, and at a glance it looks rambling and unremarkable. But trundle down its mansion-lined lanes, and you’ll find there are many hidden gems.
I have discovered my favorite way to view a property for sale. First, you get an hour-long massage costing just $45. Then you eat your fill of fresh-off-the-boat tuna for just $8. And finally, you take a five-minute walk through the streets of Pedasi, Panama and take a look at this house on the left. For sale for $80,000, it’s a two-bedroom, 743-square-foot home currently renting for $600 a month unfurnished.
It’s hard to believe four years have passed since I moved to Panama. It’s even more incredible to think that I left the U.S. almost nine years ago. I live in David, the capital of Chiriquí Province in the west of the country. I didn’t plan to move here; it was never on my “to do” list. But when my husband, Al, and I first saw the rolling hills and slopes lined with rows of vegetable plants, acres of pineapple and rice fields, coffee plantations and orange groves, I said to myself, “This is it; this is where I want to live.”
There’s always room for wealth creation. Despite the world’s economic woes, the number of people with $30 million or more in net assets rose by 5% globally last year. And according to the Frank Knight Wealth Report 2013, over the next 10 years there’ll be a 50% rise in the number of people breaking that barrier.
Prepare to buy in Panama. I first scouted real estate opportunities here nine years ago and since then there has been a lot of changes. The canal is being expanded with a $5.25 billion investment and an investment of $1.9 billion investment in a new city-wide metro. Balboa and Colón were two of Latin America’s busiest ports last year.
Right now, real estate values in Panama’s highland country around Boquete are perhaps the best they have ever been—certainly the best in seven years.
It may be your lifelong dream to live in Paris, Rome, or London…the grand old cities of Europe with a foot in the past and another firmly in the present.
A short stroll up the hill from Boquete town center is the exclusive neighborhood of Santa Lucía. Here I saw a 1,900-squarefoot home on a corner lot. I met the seller who wants out now. I reckon he would accept an offer of $152,000. Before the economic crisis he would have easily gotten $210,000. Close by, in Volcancito Village, for just $95,000 you can own…
Right now, real estate values in Panama’s highland country around Boquete are perhaps the best they have ever been—certainly the best in seven years. A short stroll up the hill from Boquete town center is the exclusive neighborhood of Santa Lucía.
Sunday morning breakfasts, poker nights, backyard barbecues, book clubs, church groups, happy hours…expats all around the world know that a sense of community is what truly makes you feel at home.
It feels like the highland town of Boquete is Panama’s fastest-growing relocation destination. There are a lot of “new things” around here…a new market, new theater, new library, and a new hospice are just a few
It feels like the highland town of Boquete is Panama’s fastest-growing relocation destination. There are a lot of “new things” around here…a new market, new theater, new library, and a new hospice are just a few. In fact, there’s little that can’t be found in Boquete these days.
What’s the secret to a long, healthy, and enjoyable life? A group of researchers believe that residents of five Blue Zones around the world know it. They have the longest life spans on Earth and are less likely to suffer from heart disease, cancer, and other serious conditions.
Now is a good time to buy in Boquete, Panama if you’re looking for a second or retirement home. The market slowdown is throwing up some nice discounts and deals. A dozen years ago it was little more than a sleepy mountain town. But its cool climate and low cost of living attracted expats and retirees. Word got out and Boquete boomed. Located in Panama’s Chiriquí province, the town is also known for its expat community.
Oak floors, chandeliers, large fireplaces, and exposed wood beams are things you’d expect to find in a chateau. And this perfect country getaway in Normandy has them all. Built in 1881, it’s set on five acres and surrounded by a mixture of lush green pastures and the forest of Eu. There’s a fruit orchard and the Yres River runs through the property, with a bridge leading to a private island.
Great boulders in the distance, half wet, half dry…cobalt-blue waters scrubbing sands of downy gray…white seabirds soaring above, their cries for fish occasionally audible above the sounds of the surf. This is Coronado Beach, Panama’s most popular Pacific coast destination.
Get ready to buy in Panama. Right now, Panama’s economy is on a tear. Panama City and much of the countryside has been transformed since I first scouted real estate opportunities here nine years ago. A $5.25-billion expansion of the canal is well underway, $1.9 billion is being invested in a new city-wide metro system, and two Panamanian ports, Balboa and Colón, were Latin America’s two busiest last year.
Whether you dream of a pastel-painted, old colonial home surrounded by lush gardens or a super-modern condo just yards from the beach, in locations all over the planet you’ll find incredible value. Affordable, good-value real estate is a “stand-out” factor of the world’s best retirement havens.
Own your own four-bedroom B&B in the middle of one of the most beautiful spots in Ecuador. At 8,000 feet, you’re surrounded by mountains. And the climate is ideal year-round—no need for heat or air conditioning—and there’s a large open patio and summer kitchen. The colonial town of Cotacachi, known for its leatherwork, is just 10 minutes away. Otavalo (pictured), a larger town famous for its Saturday open-air market filled with indigenous handicrafts, is just five minutes down the road. The country’s capital, Quito, is just a two-hour drive.
Tourism is a relatively new industry in Santa Fe, near the Continental Divide in Panama’s Veraguas province. And even now, those who find their way here are definitely not birds of a feather. “The people who come first are interesting and eccentric,” says Janet Hitchens. She should know—she was one of the first expats to settle in tiny Santa Fe.
“Gentrified” Casco, if you can call it that, is a small place…10 or 11 streets long, intersected by Avenue A, Central Avenue, and Avenue B. Yet there’s so much going on. Panama’s artists gravitate here…and there are galleries, shops, handicraft stalls, chic little cafes and bars, and more.
In Panama’s Veraguas Province, Santa Fe looks exactly as a Central American village should. After the modern skyline of Panama City—a shock if you were expecting to encounter the Third World—Santa Fe is a relief. The “real” Panama. Ah, yes, here it is. And here, it exists in its most exemplary form. The prettiest mountain views and the most welcoming people. The “best-of-both-worlds” climate…
In Panama’s Veraguas Province, Santa Fe looks exactly as a Central American village should. After the modern skyline of Panama City—a shock if you were expecting to encounter the Third World—Santa Fe is a relief. The “real” Panama. Ah, yes, here it is.
A three-bedroom, two-bath home in central Boquete was just listed for $90,000. At approximately 2,900 square feet, it’s spacious, and the lot is over 5,300 square feet. Excellent value for a home with mountain views, indoor laundry room, storage room, and large patio.
What if I could show you how (and where) to buy your dream home on an island like this one, with palm-tree rimmed. white-sand beaches washed clean by clear, warm Caribbean waters… or on a lush jungle cliff-top with a mega-mile view of the blue Pacific stretching out before you…
The bargain-beautiful Panama we’ve been writing about for years is alive and well…especially in Las Tablas. This little colonial town differs from hot retirement destinations like Panama City, Boquete, or Bocas del Toro. It’s in an area surrounded by farms and ranches, and that makes the climate, the landscapes, and the people unique. The tableños—that is, the townfolk in Las Tablas—are proud of their work ethic and keep their town neat and clean.