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Buy in Chiriquí, Panama for as Little as $80,000

Not so long ago, you could pick up properties around my home province of Chiriquí for a fraction of their boom-time prices. In the hills and villages around Boquete, where an estimated 12,000 expats live, spacious mountain-view homes were selling for as much as 50% off. This drop was due to the 2008 financial crisis, which left many North Americans and Europeans with homes in these lush valleys in need of funds.

Boquete, Panama

The Perfect Retirement in Panama

My husband Will and I have traveled to a number of countries over the years searching for the perfect place to retire—including Mexico, Venezuela, and Costa Rica. Finally one of our trips brought us to the country of Panama…

Call it instinct, call it intuition…whatever it was, from the moment we stepped off the plane, we knew it felt right. We toured several parts of the country in the years that followed as we tried to pin down our retirement plan. The highland town of Boquete was always on the list to visit. There was something about the mountains and the lush vegetation that reminded us of British Columbia and called to us.

Bocas del Toro

Panama Is So Affordable for Us

Whenever my husband Gary and I need a break from sitting on our terrace watching the iguanas, or doing a myriad of other activities in and around our neighborhood, in Panama, we love to hop in our car and go exploring. That’s not to say we don’t love where we live in Panama’s highlands. We decided a few years back to spend part of the year in the province of Chiriquí, in Panama’s southwest corner—we’re snowbirds, escaping cold winters back home in Canada. We chose Panama as our half-time home because it has the greatest program in the world for retirees, the pensionado.

David, Panama

They Give Retirees More in Panama

Ten years ago, I left the U.S. in search of a new adventure with my husband, Al—a decision that led us to the city of David in the province of Chiriquí, Panama. Al and I have spent time in Mexico, Guatemala, Costa Rica, Belize, Nicaragua, El Salvador, and Honduras since leaving the U.S. but, for many reasons, Panama won out as our retirement destination. Chiriquí Province is beautiful. It’s the country’s farming province, all rolling hills lined with fields where you’ll find pineapples, papaya, rice, coffee plantations, and orange groves.

Panama City

“This Part of Panama City Is Perfect”

“We spent about five years researching good retirement destinations before actually moving to Panama,” says Bill Hamilton who moved with his wife Mieke to the country’s capital city. “I’m the type of person to look up every single thing…crime rates, politics, cost of living, real estate, health care…and Panama City kept popping up in my research as the best option across the board.” Though in their 60s and already retired from previous careers, the Hamiltons made the decision to move in order to take a stab at running the Balboa Inn, a nine-room B&B in Panama City.

Coronado, Panama

The Best Beach Community in Panama

“We were frustrated with extremely long, cold winters, high Canadian taxes, and we were weary of the rat race.” So says Denise Patrick, who—along with her husband Neil—moved to the beach community of Coronado—just 90 minutes from Panama City. The couple first fell in love with Coronado when they spent a vacation there in November 2010—so much so, in fact, that they decided on the flight home to sell their house and belongings.

Colleen-Mariotti-and-family

Having a Family Adventure Overseas

Conventional wisdom says that you have to get the travel bug out of your system early; that once you have children you have to abandon your overseas dreams—or at least shelve them until the kids grow up and leave the nest. But it’s just not true…and an increasing number of American families are proving it. Folks from all over the U.S. are bucking tradition and traveling the world with their kids—for a summer, a year, and longer.

David, Panama

Have Fun With Spanish in Panama

Not everyone has a knack for languages…and studying a foreign language at the age of 50, 60, or 70 may seem challenging. For some people even the thought of it is overwhelming. So the good news is you don’t have to speak Spanish if you want to live in Panama. In Chiriquí—where I live—there are several thousand expats. Plenty of them are European and may speak multiple languages, but the majority are North American and I would wager that a good 75% of them do not speak Spanish.

Walk Everywhere in Panama City’s Best Neighborhood

To live the big city life for less and enjoy a world-class retirement look no farther than the San Francisco neighborhood of Panama City. I chose to live in San Francisco because of its walkability, its amenities, and just how close it is to the kind of action that makes for a great city life…and from gourmet delis to evenings at the opera, I enjoyed every minute.

Boquete, Panama

Enjoying Retirement in Rural Panama

This year, Panama holds the number one spot in International Living’s Annual Global Retirement Index. Being a retiree in Panama myself, I agree that it’s a great place to retire. The word for retirees in Spanish is “jubilados.” I’ve always loved that, because to me it sounds like “jubilant” and shouldn’t we all be jubilantly happy in our old age? In Panama, jubilados are treated with respect and receive special benefits due to their elder status.

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Chiriquí—Low-Cost Living in Panama’s “Land of Plenty”

The first time I saw Chiriquí Province I was enchanted. It felt familiar and was just so green! Although I was born and raised in New Jersey, I’m a country girl at heart and Chiriquí felt like home. My husband Al and I had rented a car to tour Panama in our quest for a new place to live. Having traveled throughout Central America, Panama was our pick due to its warm climate, low cost of living, developed infrastructure and economic and political stability. We came back to stay in 2009, made our home in Chiriquí and I’m still awed by the stunning scenery.

David, Panama

Panama’s Highland Province Was for Me…

When my husband, Al, and I left the U.S. nearly 10 years ago I had no idea I would make my home in Panama. We set sail from southwest Florida to navigate the Caribbean Sea and study the Maya culture in person. With our boat secure at a marina in Isla Mujeres, we explored eastern Mexico for six months, then sailed to Belize and on to Guatemala. In the Rio Dulce we found a community of boaters that embraced us, and a marina to call home for the next three years.

David, Panama - Credit Eoin Bassett

It Pays Big to Be a Retiree in Panama

I’ve booked my flight to Las Vegas for the Fast Track Your Retirement Overseas Conference in October. I’m looking forward to chatting with attendees, along with my compañera Jessica Ramesch, about life in Panama.

Las Tablas, Panama

How One Bostonian Opened a Sports Bar in Panama

It was sports that first brought Jim to Panama in 2004. “I lived in Boston and was running a sports-marketing company for American football. I handled recreational events, tournaments, leagues, and celebrity events. “While coaching a start-up flag-football team here, I first met my wife Priscilla. We went back to the U.S. and worked together in sports marketing, but when we decided to start a family in 2009, we returned to Panama and made our new home in Las Tablas. We wanted to be near Priscilla’s family.”

Finding-a-Great-New-Income-in-Panama-in-Your-50s

Finding a Great New Income in Panama in Your 50s

When 52-year-old Michael Druillard first set foot on Panamanian soil, this sunny, Central American country won his heart. It was the perfect country for his needs. Besides the warm climate, it has a stable government, a low cost of living, and varied employment opportunities. Now his life in the warm beach town of Coronado is a world away from shovelling snow in his native Canada.

David, Panama

This Growing Panamanian City Needs an Expat Hangout

Any location that finds favor with expats ultimately needs a place for them to hang out. There is a ready market of people who want a menu of familiar food—like burgers, hot wings, or a juicy steak—prepared in familiar ways. Put their favorite music on the jukebox, and they’ll be drawn in. Offer them NFL football or a pool table, and they’ll become good regular customers.

Create a Passive Income with a Vacation Rental

Sarah Booth was only 23 when she bought her first vacation rental. It was a tiny studio in a ski resort village in Canada, but it was the beginning of a portfolio that now includes properties in Panama, Colombia, and Mexico…and an income that allows Sarah to enjoy a wonderful lifestyle from her home in Coronado, Panama. “Ultimately, my rentals have funded my lifestyle and my travels,” says Sarah. “I live for free and enjoy awesome rental yields.”

A Big Question About Living Overseas

“Won’t you miss your family and friends if you move overseas?” That’s a question we at IL get asked a lot, and the answer is… “Of course you will.” It’s something my husband Dan and I have experience of. We didn’t think about it too much when we moved to Ecuador back in 2001. With the exception of Dan’s mother, none of our family—my parents and our siblings—lived in the same city as we did.

panama-city

Retired and Bored: Panama May Not Meet Your Expectations

As International Living’s Panama Editor, I travel several times a year to speak at conferences. Often the image people have is of a country with pretty beaches, plenty of palm trees…and not much else. One of the questions I get most is: “Will I be bored there?” If you’re expecting to take it easy and have a quiet retirement, you may want to think again. Bluntly speaking, it’s nearly impossible to be bored or even inactive here.

Schools in Panama Offer a Solid Return on Investment

Panama is one of the fastest-growing countries in Latin America. And with a steady influx of expats of all ages and a growing middle class, its beleaguered education system has been hard-pressed to meet the growing demand for quality instruction. Public schools don’t prepare students very well for college. So middle and upper class residents turn to the nation’s private schools.

Expats Enjoy a Sailing Retirement in the Med, Latin America and Asia from $1,000 a Month

“Plenty of everyday people are choosing to live on the water full-time—in their retirement,” says InternationalLiving.com editor Jason Holland, author of the publication’s new report. “After a bit of training and hands-on experience at home, they’re tying up beside mega-yachts in the Mediterranean, finding large floating communities of like-minded expat sailors in the Caribbean, and island hopping in the Gulf of Thailand, heading wherever their fancy takes them.”

Life Abroad Is Not “for Couples Only”

I’m single. And you wouldn’t believe all the questions I get about living abroad on my own. “How do you do it?” people ask, as though there was some secret formula. And, yes, “What’s the secret?” is another question I get. In part I get so many questions because so many singles are thinking of moving abroad. And to them I have one short, sweet piece of advice: Just do it.

10 Reasons to Live in Panama

With a tropical climate, excellent quality health care, and a low cost of living…there are many reasons why Panama is a great place to live. Panama has been named the best country in the world to retire to in International Living’s 2014 Annual Global Retirement Index. This is not a new revelation as Panama has topped the pole an astounding seven times. It also boasts the benefits of being a short flight away from the U.S. and the U.S. dollar is the official currency in Panama.

In Pictures: The Best Mountain Towns in Panama

Despite being in the tropics, Panama boasts several towns located in the highlands that defy the heat. The mountains are small—not like the Alps or the Andes—but their elevation is enough to alter the climate from hot and muggy to cool and refreshing, which is why these locations are so appealing.

China’s Appetite for Foreign Food

China is changing. That much we all know. And in the last few years a major shift has been in people’s diet. Spurred on by improved incomes, the growing Chinese middle class has developed a hunger for western-style foods—that means more meat and dairy.

Winter Has Finally Hit Panama City…

Mangoes are falling, ripe, to the ground. A light breeze flutters through the fruit-laden trees, and a yellow tanager takes flight. A couple passes me, wearing tank tops and shorts. I’m at one of Panama City’s many parks, thinking life just doesn’t get much better than this. It’s warm, the sun is shining, and everything around me is dripping in rainforest green.

las-tablas-panama

A U.S.-Style Sports Bar in Las Tablas, Panama

“Why is life better here? Well it’s warmer, I don’t shovel snow, I buy beer for under $1, I’m 10 minutes from a beach, and I play softball all year round,” says expat Jim Thomas. Jim lives in Las Tablas, a small town that serves as capital of Panama’s Los Santos province, heartland of the country’s Spanish-colonial heritage.

Pacific-Coast Buys for a Fraction of the U.S. Price

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.

las-tablas-church

Our Great Life in Panama

We enjoy a busy social life here in Las Tablas, Panama. That’s partly because eating out is so inexpensive. We indulge several times a week and it’s easy for friends to join us. Dinner for the two of us averages about $15, and lunch can be as little as $2.50 apiece for the menú del día, which includes a soup, the main dish, and a beverage.

las-tablas-church

Our Great Life in Panama

We enjoy a busy social life here in Las Tablas, Panama. That’s partly because eating out is so inexpensive. We indulge several times a week and it’s easy for friends to join us. Dinner for the two of us averages about $15, and lunch can be as little as $2.50 apiece for the menú del día, which includes a soup, the main dish, and a beverage.

Endless Opportunity in Easy-Going Panama

Oklahoma…Montana…Minnesota…Chile. Neil Sander has lived in numerous destinations, been involved in countless projects, and has had a plethora of careers…but since arriving in Panama in 2004 he has had no desire to live anywhere else. He was approached to move to this beautiful Central American country and supervise the designing and building of a retirement housing development in a virtually uninhabited area of Bocas del Toro.

A Wilder Retirement in Panama

Picture this: You’re sitting with an iced glass of banana/mango/papaya smoothie in your hand, in a comfy chair on the terrace. A slight breeze tickles your skin as you enjoy a symphony of birdsong, the chirping of geckos on the walls, and iguanas nibbling the grass in the yard in front of you. You might even see a giant green leaf bug perched on the chaise lounge.

Get Paid to Spend Time on a Beautiful Beach

If you like easy-going people…a chilled environment…a warm climate…and an income of up to $5,000 a month, then owning a beach bar might be just the lifestyle career for you. After all, if your customers are predominantly tourists, they are at their most relaxed and happy when they come into your place. And the profits from serving them can be considerable.

Don’t Take Your Right to Privacy for Granted

With the U.S. National Security Agency (NSA) revealed as global master snoops, potentially spying on every phone call, email, and computer, perhaps you have given up on protecting your personal and financial privacy. Or maybe you are one of the millions who thoughtlessly bear all for Facebook, Twitter, or Instagram. (Don’t!)

Business on the Beach in Coronado, Panama

Claire Ross had a great idea…no experience…and a small investment. It was all she needed to set up a bar in the beach town of Coronado in Panama. “When I first moved here, there was nowhere to hang out and meet people if you were single or new in town.” With new arrivals trickling in, Claire wanted to create a space where everyone would feel comfortable and embraced.

A Boating Adventure on the Panama Canal

Slowly the walls rise above us, hemming us in as our vessel sinks into the depths. Barn-sized doors of riveted steel loom above us as valves open and siphon the water away. With a clank, the doors crack open, widening to reveal another chamber. We sail in, feeling as though we’re in a gigantic bathtub…

canajagua-hill-las-tablas

How We Stopped the Financial Bleeding and Found a Great Life in Panama

My husband Mark and I live around 10-minutes’ drive away from several beaches. On weekdays we can let the dogs run loose, as we have the beach to ourselves. Mark, an avid cyclist, rides with a group of locals several times a week. Twice a week I go to the nearby pool for aqua aerobics and gossip.

Chiriquí, Panama: Your Perfect Climate Awaits

One of the most common bits of advice given to those considering a move overseas is “Rent before you buy!” In Chiriquí Province of western Panama, where I live, there’s a very good reason to follow this advice…and it all has to do with the climate. You may be surprised to learn that this small area of a small country has quite a number of micro-climates.

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