Property for sale in Panama
Panama is a country on the isthmus that connects Central and South America. It is cut in two by the famous Panama Canal, an artificial engineering company that has created a crucial navigable passage between the Atlantic and the Pacific. The capital of Panama City includes skyscrapers, casinos and modern nightclubs that contrast with the colonial architecture of the Casco Viejo district or the rainforest of the Natural Metropolitan Park.
It borders to the east with Colombia and to the west and northwest with Costa Rica.
If you want to buy a property for sale in Panama you should read our information about Panama real estate market.
A high offer of residential apartments and property for sale in Panama has pushed prices down, particularly in areas such as Paitilla, Avenida Balboa and Costa del Este.
The main cause of the fall in prices is attributed to an excess of supply of properties for sale in Panama.
In the last few years the real estate sector had difficulties, which had a significant influence on the activity, which contributes over 18% to the gross domestic product (GDP) and offers over 150 thousand jobs.
The "Panama Papers", the black lists, the Clinton List, the legal insecurity, the increase in bank interest and the excessive bureaucracy are among the factors that specialists believe are negatively affecting the sector.
There are several reasons that make this a real paradise for expats, from special benefits for retired foreigners that the government facilitates and climate, costs and quality of life, services, infrastructure and conditions in general.
However, as in any other place in the world, living conditions and, above all, for security reasons, vary from place to place, which is why we will mention here the best areas to live in Panama and that you can take a informed decision. when deciding to move and to buy a property for sale in Panama.
One of the elements that make the idea of living in Panama more attractive is the low cost of living and the excellent climate. However, there is still a wide range of possibilities to choose from, the following ones are the safest places to live and to purchase a property for sale in Panama.
Boquete: located in the province of Chiriqui in the highlands of Panama, with a population of about 20,000, residents generally speaking English, it is located at a height of about 1000 meters above sea level. This area is known for its spectacular landscapes, impressive mountains, lush forests and a cool climate.
In addition to the fact that the cost of living is extremely cheap, Boquete is one of the safest and cleanest provinces in Panama.
Panama City: a cosmopolitan lifestyle at a fairly moderate cost, the capital of Panama, is a modern, safe and economical place to live. It has impressive skyscrapers, offices, shops, condominiums and hotels. Its infrastructure is one of the most advanced in Latin America and offers high quality services at a good price.
In recent years Panama has become an important point of artistic diffusion, with museums and private galleries with exhibitions of local and foreign artists. Cultural and entertainment events of all kinds.
In addition to being a fairly safe city, the cost of living in Panama, even a little higher, remains moderate.
Santa Fe: located in the province of Veraguas, Santa Fe is a traditional Panamanian town, a high place surrounded by hills, famous for its gardens of orchids and exotic flowers. It offers an excellent fresh climate.
Thanks to its location and climatic conditions, the place is suitable for hiking, bird watching, camping and horseback riding. Clearly it is not a suitable place for everyone, as its remote location makes access to certain services relatively difficult.
Las Tablas: is a colonial city located on the Pacific coast that offers a safe and pleasant lifestyle at a surprisingly low price. It is about 4 hours from Panama City, has good road infrastructure and allows easy travel between cities. The lifestyle in The Tables is modest but quite comfortable and safe.
Coronado: it is one of the most popular and safe places to visit, to live and to buy a property for sale in Panama, since most of the beaches have been bought by the expat community, this is Panama's most developed beach area. Its beaches are famous for being a mixture of black volcanic sand with the bright white sand of the beach.
Of course, this country has a great variety of incredible places to live and to look for property for sale in Panama, from the mountains, from the cities to the places on the beach, it would be difficult to count all the excellent places that this country offers to live, but some of the safest are these, it's worth considering you're going to live in Panama.