Places to retire in Panama

Boquete in the Chiriqui Highlands

Has a perfect spring-like climate at an elevation of a little over 3000 ft., with clean air, clear water, and a welcoming community. On the lush green hillsides gourmet coffee is grown and at times the smell of roasting coffee sends wonderful aromas through the town. If you love Colorado, Oregon or British Colombia, you will love Boquete, the right place to retire in Panama. The cost of property here can vary enormously depending on the location and availability of access and utility supplies.

Land can still be found in outlying areas for less than a dollar a square meter but would probably require the installation of roads and power and water lines. There are few completed homes for sale and the rental market is one of demand rather than supply. Rental property is a good investment here. Check our real estate listings for an overview of available properties in this area or contact our office.

Panama City

An affordable cosmopolitan location for those who prefer city life. With a skyline reminiscent of Manhattan or Singapore, the high rise buildings tower above the ocean or rain forest. High class restaurants, first class hotels and fast food outlets, are here for all tastes and pockets. Entertainment is varied, the latest movies, concerts featuring foreign and local performers of all genres, every kind of sporting event – baseball is arguably the most popular sport and a number of Panamanian players are found in US major league clubs.

Mention Mariano Rivera and the New York Yankees and you will make friends immediately! Shopping options range from local markets to multi-million dollar super malls and luxury goods. The Amador Causeway has a number of great restaurants, yacht clubs and a duty-free shop, it is also a great place to bicycle, jog or walk with sea breezes and a great view of the stunning Bridge of the Americas.

Panama City even has a rain forest within its city limits. If you want to retire in Panama, there are two main real estate opportunities here. Beautiful apartments with fantastic ocean views are available in price ranges to suit all pockets. Many have the use of a pool, spa and children’s play areas. You can still find apartments for USD150,000.00 but be sure to check out the location before you buy, as in all big cities some areas have advantages or disadvantages that are not immediately apparent to a newcomer. Check our Panama real estate for current listings and price range or please contact our Panama City office for real estate advice, and we will be happy to help you find the right property for your new life.

The jewel of Panama City is Casco Viejo. Don’t be dismayed that many of the buildings are in disrepair, look closer and you will see many remnants of French and Spanish colonial architecture; some properties are gradually being rescued and have become restaurants, bars, studios and small hotels in an area that could well become another New York City Soho. The Presidential Palace and the National Theater are located here as well as a monument to the French who made the first attempt to build a canal. Purchase and restoration of properties in this area receive incentives from the government in the form of tax exemptions and discounted mortgages. Even your rent is tax deductible expense. In a few years this could be one of the most sought after parts of the city. From apartments to palaces the opportunities are limitless.

Bocas del Toro, the best place to retire in Panama

One of the last affordable areas of the Caribbean, and the archipelago of Bocas del Toro is stunning. Palm fringed islands, white sand beaches; in fact Bocas has everything you ever imagined for the picture perfect tropical retreat to hang your hammock. The best place to retire in Panama. The real estate opportunities for beachfront properties, teak plantations, and island hideaways are here in abundance. Caribbean beach front property at prices that are still affordable is too good an opportunity to dismiss. Lots here start as low as USD 25,000. Check our Bocas del Toro real estate listings for examples of properties and costs, or contact our office.

Panama’s Public Registry is well respected and shows proof of ownership and clear title to property However it is strongly recommended that you carry out due diligence on any property you wish to purchase, even in a development. Searches should be carried out in the Public Registry.

The legal department of the BusinessPanama Group will be pleased to assist you with the legal requirements for all aspects of real estate purchase. The preferred method for most expatriates to hold property is in a Panamanian Corporation. BusinessPanama can offer competitive costs and efficient service to provide Panamanian or offshore corporations, foundations and trusts as required.

Below is a summary of the different Visa & Residency programs available in Panama. If you wish to view any specific program, just click in the Link.