Panama’s government has shown time and again that they are committed to enhancing the country’s attractiveness to businesses, tourists, and investors. This was recently evidenced when Congress announced a budget of $16.3 billion for 2013, which includes infrastructure projects to the tune of $15 billion to be completed over the next 5 years.
This is good news for investors, particularly those who own real estate.
This record-breaking budget is a large increase over the $14.5 billion it spent in 2012, which was already up 11% over 2011. While these expenditures may seem a bit ambitious, they’re arguably justified for a country whose economy grew a whopping 10.7% last year.
In anticipation of continued double-digit economic growth, the government has planned additions to each of the country’s airports, the building of a Metro subway system, a multi-billion dollar expansion of the Canal, and many more infrastructure projects. The $16.3 billion budget also has $8 billion earmarked for education, healthcare, housing, jobs, and other social programs.
While its economy certainly stands to benefit from the enhanced infrastructure, Panama is already a great place to invest. With a gross domestic product of $30.68 billion, its economy is the third largest in Central America and the fastest growing. Because it uses the dollar as its national currency, those in the U.S. can do business in Panama with zero foreign exchange risk.
Panama’s location and its operation of the Canal have secured it a permanent place in the international trade scene. It also boasts a tax system that is pro-business, pro-investor, and pro-foreigner. In addition, Panama’s laws are quite favorable for anyone wanting to do business there.
Real estate, in particular, continues to be a good investment in Panama. The cost of living is low, making it a very attractive destination for expats and retirees. And you can’t beat the scenery. Panama enjoys a year-round tropical climate and a setting to suit any preference: bustling cities, mountain retreats, or beachside villas. These all combine to make the country a hotspot for short-term vacationers as well.
Another reason real estate is such a hot commodity in Panama is because the country’s infrastructure, which is primed for a $15 billion facelift, is already better than you’ll find in most of its neighboring countries. Also attractive to investors are Panama’s host of government incentives, such as property tax exemptions and duty-free trading zones.
What does it mean when third-world property gains first-world amenities? For the savvy investor who can spot a great deal on real estate, it could mean the difference in buying property that’s merely a good value versus getting some serious bang for your buck.
Sure, Panama–like any other destination–has its share of overvalued real estate. No amount of improvement is going to change that (other than making it ever-so-slightly less inflated). It’s always important to do your due diligence and make sure you’re working with a team you can trust. If you do that, you could stand to gain a lot from the planned capital improvements.
Better infrastructure goes a long way to make a place more attractive to businesses, investors, and tourists. As roads and other means of transportation improve, there are fewer barriers to doing business. Airport expansions equal more visitors to the country.
Systems that supply electricity, water, internet, and other utilities add even more value to a property. These features also help to make previously lesser-known areas more attractive to visitors. Plus, the government’s investment in infrastructure is prompting a secondary wave of private investment, as business owners try to capitalize on the emerging opportunities for increased commerce and tourism.
Of course, the hefty budget is not without its criticisms. Many who oppose the current administration label it as just a well-timed political stunt to gain favor before the 2014 elections. Others fear the debt created by the expensive projects will be more than the country can manage.
But Panama’s current leaders are confident the country’s continued growth will be more than ample to offset the cost of the planned improvements. A growing economy, they argue, warrants a bigger budget.
So, other than the Canal, a Metro line, and some better roads and airports, just where is all of this money going? Here’s a little bit more information about the projects, some of which are already underway.
Public Transportation
Approximately $1.5 billion will go to the construction of Panama’s first subway system, the Metro line. Also in the works is a Metro Bus system, which will run around $270 million.
Roads
Plans are underway to construct five highways, establishing a value added logistics industry that will reduce transit times by as much as half. These include the completion of the final stretch of the Panama-Colon Highway, connections to bridge gaps within Panama City, and improved access to Tocumen International Airport.
Additional improvements and road rearrangements will bring thousands of jobs to the interior of the country.
Airports
The budget calls for $100 million in improvements to Tocumen International Airport, in response to international travel and cargo demands. In an effort to improve connectivity with other areas of the country, additional improvements are planned to all of the other four national airports.
Cold Chain
The logistical benefits of an 8-market Cold Chain will enhance competition among Panamanian farmers and, consequently, promote development in less-populated areas of the country.
Governmental City
This $360 million hub will house a whole host of governmental agencies in one location, reducing leasing costs and improving communication between the various entities.
Financial Tower
This 70-story Financial Tower will accommodate 10,000 users. Home to the National Bank of Panama and the country’s Securities and Trade Commission, it will become an icon that symbolizes the nation’s role as a key player in the financial industry.
Electric Interconnection
Approximately $415 million is earmarked for the construction of an Electricity Transmission Line that will connect the Central American market to the Andean market by way of a substation in northeastern Colombia, reducing costs for end users.
Panama Canal
The addition of new locks is already underway and, once the $5.2 billion renovations are completed in 2014, the Canal is projected to more than double its revenue.
Bay Sanitation
This $538 million project is geared towards improving the sanitary and environmental conditions of the area in and around Panama Bay.
Hospitals
Five new hospitals are slated to open in 2013 in the provinces of Chiriqui, Colon, Veraguas, Los Santos, and Darien.
Curundu Urban Renovation
Also scheduled to open in 2013 is the Curundu Urban Renovation, which will provide 1,000 housing opportunities for up to 5,000 individuals. Various training and enrichment programs will be offered.
Howard Air Force Base Conversion
$750 million has been set aside for the conversion of Howard Air Force Base into a duty-free zone that will house logistics operations, call centers, and technology hubs.
Bridge of the Americas Reconstruction
Another $80 million will go towards the rehabilitation of the iconic Bridge of the Americas.
Air-sea Stations
These seven sites are being constructed for enhanced security and will cost roughly $37 million.
Correction Facilities
Four jails are being constructed to house 5,500 inmates. This $155.6 million project is being implemented to improve the rehabilitation of those imprisoned.
Mining Projects
Mining projects to extract copper and gold have the potential to bring in as much as $665 million in income to Panama’s economy in the form of royalties and taxes.
Las Tablas, Panama is a tiny town in Central America that’s being touted by some as one of Panama’s up-and-coming areas. While it may be true that there is some opportunity to find a Central American getaway at an affordable price, there are a lot of important factors for you to consider.
As with any decision, the choice to relocate to or buy a property in a particular area of Latin America depends 100% on you and the things you value most. It’s important to weigh out all the pros and cons and find the area that best lines up with your lifestyle.
But it’s hard to do that when you’re thousands of miles away, trying to research dozens of options on a 17″ monitor.
There’s no substitute for checking out a city or a property firsthand, but here are some important attributes about Panama Real Estate in Las Tablas, and some of their possible implications for you. Hopefully this information will help you make an educated decision about whether it could be a viable option for your retirement.
1. Location, Location, Location
If you’ve ever bought a house, talked to a real estate agent, or even watched more than 5 minutes of one of those house-hunting television shows, then you probably know the 3 most important factors in real estate: location, location, location.
Where is Las Tablas?
Las Tablas, Panama, lies near the eastern Pacific coast of Panama’s Azuero Peninsula. Note, we said the city is “near” the coast. Not on the coast. That’s important to understand because many marketers are promoting the area as being a beachfront area.
It’s not.
It’s actually nestled into a rural area and surrounded by farms and ranches. In fact, the city serves as the hub where locals from the surrounding agricultural areas go into town to do business. It’s also the capital city of the Los Santos province.
What’s it like?
Since Las Tablas is close to the Pacific Ocean, it has a hot, tropical climate. However, because it’s surrounded by farmland instead of rainforests, it’s somewhat less humid than many of its coastal neighbors.
What’s it near?
Although Las Tablas, isn’t directly on the coast, there are some decent beaches nearby. Uverito is about 10 minutes away, and Pedasi, with its relatively untouched expanses of beach, is a 45-minute drive.
It is also strategically located near a few cooler mountainous areas. For instance Cerro Canajagua, which offers some really nice views of the Pacific Ocean and the entire peninsula, is about 35 minutes away.
One thing Las Tablas is not near, is a major city. Panama City is almost 4 hours away by car, although nearby Chitre does offer a flight to the capital city. After a 15 minute drive, the flight to Panama City is about 35 minutes.
In summary
While Las Tablas, Panama, does offer some great attractions (i.e. mountains and beaches) relatively nearby, the town itself doesn’t have a whole lot to offer in terms of scenery. This can be good or bad, depending on what you’re looking for.
Because Las Tablas is missing that immediate proximity to a must-see geographic feature, property prices are relatively low. You can get a bargain if you’re willing to drive a ways to get to the beach or mountains or some decent shopping.
If you’re looking for a short walk to the beach or the convenience of driving into the city for the afternoon, you might want to keep looking.
2. Uncharted Territory
Most would-be expats understand the need to settle some important questions before they start their property search overseas (e.g. urban vs. rural, mountain vs. beach, etc.). Another important aspect to consider is the level of development of a particular area, which often translates into how saturated it is with other expats.
Who lives in Las Tablas, Panama?
Las Tablas, Panama, has roughly 25,000 residents. But few of them are expats. What this means is that the local businesses aren’t in the habit of bending over backwards for foreigners.
That doesn’t mean they aren’t friendly. Quite the contrary! The natives, called tablenos, are very courteous working-class people who take a lot of pride in their city. However, not a lot of them speak English, and you can expect all signs and menus to be in Spanish only.
How developed is it?
Las Tablas, Panama, is still off the radar of most foreigners. As a result, it isn’t overrun with new developments like many of the more popular destinations. For this reason, the city’s Spanish culture is all still completely intact. There’s a quaint town square, and all the buildings are Spanish-colonial style with red tile roofs and ornate ironwork.
The infrastructure is good, but not the best you’ll find. The town has a supermarket and a hardware store. There are Internet cafes and an adequate offering of banks, shops, and clinics. It’ll have what you need, but not all the same conveniences you might find in a place with a more established expat community.
And again, expect the doctors and other professionals to speak Spanish and be accustomed to dealing with Panamanians. You’ll also come up empty-handed when searching the supermarket for even the most common U.S. products.
What’s there to do?
Las Tablas, Panama, has restaurants and bars, and even a tiny casino (read: a few slot machines and a bar). But that’s about it. The real attraction in this Central American city is the authentic culture.
Most notable of all the native festivals the city celebrates is Carnival. Once a year the town comes alive with excitement as Calle Arriba (Uptown) and Calle Abajo (Downtown) compete to host the biggest and best celebration, complete with food, music, fireworks, games, and even a Carnival Queen.
In summary
Las Tablas, Panama, is the perfect destination for someone who wants to be close to tourist attractions, but not too close. Someone who wants a few modern conveniences, but not a McDonald’s on every corner.
If you’re fine with speaking predominantly Spanish and living like a local, then you should definitely look into relocating to Las Tablas, Panama. If you feel more comfortable living in a place where a lot of the people look and talk like you, then keep looking.
3. You Can’t Beat Panama
If there’s one really great thing that can be said about Las Tablas, it’s the fact that it’s located in Panama. From its pleasant climate to its stable, growing economy and favorable business and tax laws, this Central American nation consistently dominates every study done on the best places to retire.
The cost of living, the price of housing, the benefits to foreigners…it’s all good. Panama has a lot of really great destinations that offer a variety of different perks. This is just one of them.
What’s so great about Panama?
This Central American nation has made it very clear that they want expats to move there. Their list of visa and residency options is ever-expanding. Choices also include the Pensionado Visa, which offers discounts on everything from restaurants to airfare to medical procedures.
Speaking of health care, Panama’s is top notch. Many doctors, especially those in Panama City, are English-speaking and trained in the U.S. And health care costs are only a fraction of what you would pay in the States for the same services.
In fact, Panama is becoming a hub for medical tourism, as people are traveling from all over the world to have expensive, or even elective, procedures performed for far less money. This is made easy due to the fact that Panama is so easily accessible. Its location makes it convenient for travel throughout the Americas (although Las Tablas itself is a little further off the beaten path).
In addition to the quality of its health care, Panama boasts some excellent infrastructure. Its airports, roads, and utilities–while already good–are also in the process of receiving a $15 billion facelift over the next several years.
Panama also uses the U.S. dollar as its official form of currency, eliminating any exchange risk for foreigners. Its favorable tax laws enable expats to have the possibility of paying no taxes, in some situations.
Is this true throughout Panama?
So, Panama sounds great. But can you enjoy these same conditions throughout the country? In some cases, yes. In others, not so much. Obviously, things like visas and tax laws don’t vary from one city to the next. You’ll still get quality health care. But you might have longer waits and less options, especially if you’re at a public clinic. You’ll also have to travel to see most specialists.
Infrastructure is another place where you might see a difference in more remote areas. Roads and public transportation will be less prevalent and reliable. As will utilities and other conveniences.
What about the cost of living?
The cost of living in Panama is already good. The cost of living in Las Tablas, Panama, is really no better. You can enjoy a full lifestyle, including several nice dinners each week, for between $1400 and $1600 per month.
Rental rates, for a modest 3-bedroom/2-bath house (furnished), is between $300 and $500. For those wanting to buy a home, you can get the same size home for under $70,000. However, that will get you a typical Panamanian home with small, closed-off rooms. If you want a larger, more open-concept American-style home, expect to pay in excess of $100,000.
In summary
There’s a lot to love about Panama. And there’s a lot to love about Las Tablas, Panama. Just don’t assume they’re interchangeable. A lot of sources cite the benefits of living in Panama when they’re describing why you should move to Las Tablas. However, there are a lot of other options that have the same perks, but may offer more bang for your buck in terms of location, activities, infrastructure, etc.
The cost of living in Las Tablas is low. But it isn’t the lowest in Central America, or even in Panama. Property listings are cheap. But they’re not rock-bottom. If you’re going to sacrifice comfort and convenience, make sure you’re really getting a bargain.
Las Tablas, Panama, has a lot of things going for it, and it’s a great opportunity for the right would-be expat or investor. There are those who would love to call this quaint, undiscovered village home. If you think you might be one of them, explore your options to find the choice that’s best for you.
Zach Welty
As more and more visitors flock to Panama each year, the nation’s government has been increasingly intentional about encouraging Panama tourism investment. Panama is a country that welcomes foreigners, whether for the short or the long term. Its hassle-free visa options have made it a haven for expats. Its business-friendly tax laws have made it a great opportunity for investors.
Now with its recent piece of legislation, Law 481, Panama is creating a win-win for everyone. Law 481 is a bill that is designed to create incentives for those who wish to invest in tourism operations in specific areas, namely those outside of Panama City. As tourism developments crop up in remote areas, there are many groups who stand to benefit.
Obviously, the news is great for tourists who will have many more lodging and recreation options. It’s also a huge benefit for property owners who will likely see substantial property value increases from the presence of nearby amenities. The same is true for expats, who will enjoy many more conveniences and services brought about by the increase in tourist activity.
But the real benefit is for the savvy investor who can take advantage of the unprecedented incentives offered by Law 481. We’ll get into the details of the benefits the law offers to investors. But first a little bit about what prompted Panama’s government to offer such advantages.
The Situation
Panama has been targeting tourists for quite a few years now. In addition to incentives like these, they have also launched ad campaigns, and invested heavily in infrastructure. Improvements such as airport expansions, better roads, new utilities, and other enhancements have continued to make the country a more attractive destination for tourists.
And the government’s efforts have worked! Panama saw over 2 million international visitors in 2011, up 16.1% from 2010 and contributing $1.9 billion in foreign revenue. The number of tourists in 2012 is estimated to be around 2.2 million. The tourism industry received investments of $405 million in 2011 and an estimated $842 million in 2012. Panama City and its bustling tourist attractions have been compared to destinations such as Miami, Singapore, and Dubai.
Historically, Panama City is the country’s main hub for tourism. It draws tourists of all kinds and markets itself as an ideal location for conferences and business meetings. However in recent years the number of travelers who come to Panama seeking beach getaways and adventure tourism in the interior is on the rise. As is the number of business travelers who are deciding to extend their stay and venture outside Panama City.
The Solution
Law 481 is essentially the government’s answer to ensuring that the country can keep up with the demands of its tourists. This initiative offers incentives for the construction and operation of tourist lodging facilities outside of Panama City with a minimum $250,000 investment. Hotels under construction in Panama City, with a minimum $8 million investment, can also qualify for benefits.
The Incentives for Panama Toursim Investment
Here are the specific incentives offered to those who invest in tourist accommodations that meet the criteria:
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20 year tax exoneration for materials, equipment, and vehicles used in construction
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no import tax of vehicles used for ecotourism
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20 year tax exemption for real property used for tourism*
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no taxes or assessments on the operation’s capital
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no fees for use of piers, airports, and heliports owned by the operation
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no income tax on interest earned by investors
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10% depreciation allowable on real property, excluding the land
*For operations in designated areas near historic landmarks, this period is 10 years. However, any improvements on the land are tax free for 30 years.
Projects near historic landmarks can also enjoy income tax exoneration on their profits for a period of 5 years. After that, they can deduct any losses they experienced as expenses and can claim them for 3 years after they were sustained.
Additional perks apply for projects in designated Special Tourism Zones. While most other incentives apply only to lodging, eligible operations in these zones can include convention centers, theme parks, zoos, marinas, and research and cultural centers. These types of businesses are eligible for income tax exemption for a period of 15 years. Investors can also enjoy no taxes for 20 years on interest earned on their investments.
The Opportunities
So, exactly what types of projects qualify for the incentives? Well, other than the previously mentioned operations in Special Tourism Zones, the law focuses on lodging facilities. This could mean anything from a world-class hotel on the beach with all the amenities, to a campsite in the jungle with nothing but rough plumbing. It includes cabins, family-run hostels (sort of like a bed & breakfast), individual units in larger buildings used as tourist accommodations, and even time-shares.
Just about any type of housing qualifies, as long as it is used for tourism. And these operations may also include the tourist activities carried on by the project. Think beach-side bungalows at a resort that offers some of the world’s best sport fishing. Or a rustic lodge designed to serve as a stop on a week-long jungle exploration. The possibilities are endless.
If you’re thinking of taking advantage of the government’s offer to invest in tourism, you’ll want to consult an attorney to help you iron out the details. A Panamanian lawyer can guide you through the ins and outs of buying property, starting a corporation, navigating immigration laws, etc.
Panama Guide
The Designated Areas
Here is a little more information on the Special Tourism Sites and the activities and adventure they offer.
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La Amistad – Located in Chiriqui and Bocas del Toro provinces, this area is home to two national parks and is a prime spot for ecotourism. It also includes the mountain haven of Boquete, which is home to many expats.
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Bastimentos – This area, located in Bocas del Toro province, boasts one of the country’s largest marine parks. It is home to beautiful beaches and is an ideal spot for diving or ecotourism.
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Arco Seco – This region contains the coastal areas of Herrera and Los Santos, which are rich in Panamanian cultural events and traditions.
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Farallon – Situated in the Panama and Cocle provinces, this area contains beaches and the Anton Valley.
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Metropolitan – This section includes Panama City and the natural parks surrounding it. It is a hub for business activities, as well as historical and cultural attractions.
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Portobelo – Located in Colon, Portobelo has beaches and reefs. It also contains a national park, as well as some historic ruins.
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San Blas – This area is home to a series of islands and contains gorgeous beaches and reefs for diving.
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Archipelago de Las Perlas – These islands are also home to beautiful beaches and reefs. In addition it is home to world-class sport fishing.
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Darien – This remote region includes a national park and many more opportunities for ecotourism. It is also home to several indigenous people groups and ripe with culture.
If one of these areas speaks to you, we’d encourage you to dig a little deeper. Find out if an investment in Panama tourism is right for you.
Rita Willeart
That First Taste of Free Air
You feel it the moment you step out of the airport, and are busy cruising down the highway to your destination. It’s not just in the traffic that crosses double yellow lines or ignores stop lights if the road is clear. It’s in the vehicles themselves; sometimes crowded to the maximum, with luggage tied to the top, sometimes appearing to be tied up just to keep the vehicle together.
Maybe you’ll notice a truck filled with workers or one that has a hammock swinging lazily in back, with the occupant blissfully taking in the sunlight. The buses lumber by, so packed, passengers cling to the door frames. If you brave one of these second-class, local buses, you might feel you’re in a barnyard. Chickens squawk from crates packed under the seat, and there might even be a goat or a lamb that somebody’s transporting to the market.
It’s a reminder of how America was before seat belt laws and strict traffic regulations, before traffic citations became profitable. If you have someplace to go, nobody cares about the means you use of getting there.
Slowing Down
Outside the city hubs, vehicles are relatively sparse. The most common mode of transportation is by bus. Pedestrians, farmers pushing along a few cows, wash women with piles of clothing on their heads are not an uncommon sight along rural roads.
This daily life, so unencumbered by appointments and punching a clock, begins to seep into you. You find yourself hurrying less and relaxing more, spending time doing those things you’ve always dreamed of doing, but never found the time or the opportunity. You begin to think about your new found freedom, that began with a freedom from worry.
The Economic Race
It seems odd that so many of the citizens who are immigrating from the United States into Central America are doing so out of a longing for freedom, but sadly enough, as a country founded on the liberties of all people, it has become a system of rules and regulations designed to give advantages and privileges to some, while penalizing and suppressing the many.
That hectic pace felt so distinctly in urbanized America is the desperate measure of a people determined to keep their heads above water. The American dream for many married couples, of a fine little home and a two-car garage, can’t possibly be realized unless both are working and they take out a twenty year loan. Those over sixty who had been planning to enjoy the benefits of their golden years, find their retirement or social security checks just aren’t enough, and take on part-time jobs for which they are over-qualified, but too financially distressed to refuse.
Then there are the young singles, working hard and studying for a degree that may not be very helpful for finding work. Jobs that had once taken an associate’s degree, now take a master’s, and debt-strapped students wallow in student loans.
When Life Becomes Stifling
The opportunities once offered in America don’t seem so plentiful anymore. Innovation, imaginative ideas, are either swallowed in a maelstrom of bureaucratic paperwork, or take a long time to mature, making the process uncomfortable for non-entrepreneurial types. For every proposal, no matter how universally beneficial, there is opposition. The red tape ticks away at finances, valuable time, and eventually, motivation.
America can barely breathe. You cannot even build a porch for your house, on your own property, without permits and inspectors. In some communities, there are agreed-upon house colors, and regulations concerning what you may have in your yard. You may discover you don’t even have a right to grow a garden instead of a water wasting lawn. The attempts to create a uniform standard of living within specified zones has swept away the concept that one’s home is one’s castle. The spirit of these rules makes sense, they are for the benefit of environment, home prices, and people’s safety, but in today’s world the rules are wielded like weapons against creativity and individuality.
You’re as Free as Your Neighbor
The migration into Central America is made up of people who have grown weary with asking for permission. The safety net hovering over American social affairs feels more like an entrapment net, encumbering freedom of travel with security checks and invasive techniques, such as airport scans and cell phone tracking.
Homes and small businesses are regulated with so many expensive codes and mandatory health care. The U.S. constituents are strapped with so many liability laws, they become nervous about allowing the neighbor kids to come over and play on a trampoline.
Coping with Drawbacks
The expats have had to make some adjustments. In an area where there is little to no regulation, cities can turn ugly fast, while everybody builds whatever they want and a smorgasbord of buildings go up. If your neighbor wants to begin his day at six in the morning, banging away at his new addition, and you want to sleep until seven, it’s best to just roll over with your pillow.
While the cities offer the modern conveniences, the farther away you are from them, the fewer commodities, such as super consistent electricity, paved roads, libraries, and U.S. foods you’ll find. You may find a lower quality in many of the common household tools, such as for gardening or carpentry.
There is a role reversal once you are an expat. You are suddenly a minority in a foreign country. You’ll feel subjected to the same type of scrutiny as given any minority. You may get pulled over just because you look like a gringo. If you are aspiring to become a global citizen, this actually aids in perspective. Outside the dynamics of the western world, you are a minority.
You Still Feel Freer than You Did in the United States
There is an enormous amount of satisfaction in living and breathing freely, without the rigid controls over an over-regulated government. It’s a learning experience in getting along with others of different cultural backgrounds and lifestyles. It allows you ample opportunities for evaluating your own beliefs. It teaches you resourcefulness with the tools and materials on hand.
For the health-oriented, it becomes advantageous to acquire a taste for the native foods. This isn’t too hard, considering the volume of fresh tropical fruits and delicious sea fare that abound in Central America’s market. Not only do you benefit from the organics, but buying local is cheaper than the shipped-in U.S. market.
The Growing Family of Expats
Families make up a vital force in the expat community. Sometimes, they come down for a year to absorb the cultural setting or as a reprieve from restrictive American life. Sometimes, they arrive with more permanent intentions in mind.
The challenge for these families, if they remain within a residential area removed from the major cities, is finding good schools. But like pioneers, they draw upon their own resourcefulness, enjoying the opportunity to educate their children in the manner they feel is best, maybe even starting their own school.
As We Look Forward
It is, in every sense, a type of pioneering. The expats that settle in Central America don’t hate their country. They hate the limits placed on their abilities to make conscious choices. They no longer wish to be treated like a kid, they trust their own ability to decide what is best.
They know this freedom comes with a price. They are moving into a different culture with different customs. They must depend on their own abilities to cope with change, to problem solve, to develop good relationships with others, but it’s all part of the excitement, the adventure. These are the stimuli for growth and development, the fundamentals of increased awareness, and the reward is an evolving society, ready to explore the new boundaries of individual rights and harmonious communities.
With hundreds of miles of pristine beach, Costa Rica is home to some of the most incredible beaches in the world. Here is our list of the best beaches in Costa Rica, which are not only some of the most beautiful, but also those with adventurous activities, wildlife, and often complete solitude.
Playa Cocles
Sean
The jungle beach town of Playa Cocles in the South Caribbean is easily one of the best places to live or visit in all of Costa Rica. The stunning jungle-backed beaches stretch for miles with barreling waves for surfers, incredible wildlife for nature lovers, and deserted patches for those seeking relaxation.
The neighborhood hosts a world class yoga studio, several spas, a Costa Rican chocolate café, and an incredible variety of international restaurants. The Caribbean flavor from nearby Puerto Viejo, a short two miles away, trickles in and it’s not uncommon to hear Reggae or eat coconut curry stew on the road.
Cocles will definitely rank as one of the best beaches in Costa Rica for those desiring true jungle immersion with a strong expat community focused on healthy living and those brave enough to surf the epic waves.
Manuel Antonio
Xiao Zhuli
Manuel Antonio may be the most popular beach in all of Costa Rica. It certainly has a reputation for being an American tourist destination, and the many expensive Americanized restaurants reflect that.
However the beautiful beaches in the national park are some of the most stunning in the country and teeming with wildlife. Spotting iguanas, coati, sloths, and all four species of monkeys is likely inside the park and often on the beach. During migration season you can see whales and dolphins offshore. Other outdoor adventures like parasailing, ziplining, and horseback riding are also available.
If you can’t stand the crowds, come during the very beginning or end of the dry season to enjoy sunny days and beautiful sunsets on relatively empty beaches.
Playa Samara
Daniel Stanberg
Playa Samara is one of the most beloved beaches in all of Costa Rica. Laid-back hotels and restaurants line the horseshoe bay, yet the shore remains empty, offering solitude and relaxation. The relatively flat sea is perfect for kayaking, fishing, paddleboarding, or learning to surf. Nearby wilderness beaches are perfect for exploration.
The town has an expat presence with sushi bars, Italian restaurants, and Canadian-owned hostels, but maintains its small town authenticity. Fishermen are everywhere selling their fresh catch on the shore. Delicious sodas (Costa Rican cafes) pile plates high with rice and beans and seared seasoned carne.
It is a great place for families, expats looking to invest in a business, vacationers, and backpackers.
Playa Guiones
Chris Gold
If you enjoy surfing and yoga, expect to arrive in Playa Guiones and never leave. The town, which is in the Nosara region of the Nicoya Peninsula, sits on a white sand horseshoe bay with excellent waves for beginner, intermediate, and advanced surfers. The many surf schools and board rentals make learning and practicing very accessible.
The Nosara Yoga Institute in Playa Guiones put Costa Rica on the yogi map and now several studios and yoga retreat centers reside in Playa Guiones and nearby beaches.
Beyond yoga and surf, there is plenty to do in Playa Guiones. The town has lovely cafes and restaurants and the expansive beach makes for great walks. Every evening at sunset the town gathers on the shore to watch the epic sunsets.
Nearby Playa Rosada and Punta Pelada are also beautiful and can be walked to from Playa Guiones.
Manzanillo
Diana
The intimate beach coves hidden in the wildlife refuge of Manzanillo are some of the most beautiful beaches in Costa Rica, if not the world. Turquoise water crashes on the golden sand, dramatic cliffs offer stunning views, and the lush jungle filled with animals spans for miles. Take a nature hike, snorkel the reef, or simply relax.
For added adventure, take a tour through the jungle spotting howler monkeys and sloths, hike to the viewpoint for amazing views of the crashing waves and nearby beach coves, then climb into the coral caves where bats seek refuge.
The town is a small distinctly Caribbean fishing village with a few local Caribbean restaurants and cabinas. Popular Puerto Viejo Limon and the many beach towns near it offer options for other restaurants and lodging and are a bike or short bus ride away.
Pavones
Arturo Sotillo
The black sand beaches in Pavones are some of the most dramatic on the Pacific Coast. Glowing frothy green sea kisses the dark shimmering black shore for an incredible contrast. The surrounding wilderness will make you feel like you’ve reached the end of the earth and the sunsets are positively spectacular.
Beyond its beauty, Pavones is famous for its long left point break. Grab a surfboard and ride the wave that put this town on the map. If you’re more of a swimmer, a cool, clear water river runs for miles from the hills down to the beach. Climb to the top and take inner tubes down, jump off the bridge with locals, or simply cool off and explore.
Restaurants and accommodations are inexpensive and locally owned and even with the influx of surfers the town maintains its Costa Rican charm.
Playa Barrigona
Massie
This beach is so beautiful, even Mel Gibson owns property here. Scenic country roads connect Playa Barrigona with nearby Samara making it an undiscovered but accessible place to visit. The sand is white with a pink hue and at low tide you can climb large stretches of sand dollar-covered rocks. Olive ridley turtles come from all over to lay their eggs on the shore during the rainy season, making it a very special place ecologically as well. The riptides are strong so take care with little ones and do not go out swimming.
San Juanillo
Enrique Balsevicius
A short drive from the popular surf beach Playa Guiones in Nosara, is the secret white sand beach of San Juanillo. Fishing boats rock on the turquoise sea and millions of shells wash up on the shore. Explore the massive rocks or float in the clear water. The town itself is quite small and authentically Costa Rican.
Playa Uvita’s “Whale Tale”
CostaRicaProperty
The area of Uvita is famous for its incredible marine life and frequent whale spottings, but few know about the secret “whale tale” beach. During high tide the shore is completely submerged, but as the tide recedes a beautiful sandy peninsula reveals itself for relaxation and exploration.
Playa Carrillo
M.Prinke
The peaceful palm tree-lined horseshoe bay of Playa Carillo on the Nicoya Peninsula might be as close to paradise as it gets. The white sand beaches and calm water makes it a perfect beach for relaxation and sunbathing. Boating and fishing are also quite popular due to the calm sea. It is also possible to spot crocodiles in the nearby river. The town has restaurants and accommodations, but travelers will find a larger community in the nearby town of Samara, which is a pleasant hike or a short bus ride away.
Best Beaches in Costa Rica?
The answer really depends on you. Do you have a favorite beach that we’ve missed?
The Guatemala 3 Count, where we bring you 3 Guatemala stories that you shouldn’t miss.
Kasper Christiansen
1. Antigua: The Perfect Place for an Escape
Antigua has everything to offer travelers, whether going for a weekend or for a month-long language course, here’s what travel blogger Natalie Compagno, from My LA Lifestyles, thinks is the best of the best of Antigua.
2. Take a Guatemalan Eco-Adventure: Cruise the Rio Dulce
The sparkling Rio Dulce in Guatemala is not one of the longest rivers in Guatemala but it is arguably the most famous among river cruisers, who claim it is crystal clear, with no pollution from heavy industry, just clean fresh water. This makes it an ideal habitat for a myriad of different wildlife and vegetation and of course a great place to take an eco-adventure.
3. Guatemala Is About to Change, Will It Help?
In an effort to help the international perception of Guatemala, its Tourism Institute intends to re-brand itself with an extensive public relations campaign as a safe and popular tourist destination. The project includes the creation of a national facebook page and Youtube channel, all which will be featured at www.visitguatemala.com.
Sal Falko
In recent years Central America has received an influx of North Americans investing in local business. Countries like Belize, Nicaragua, Costa Rica, and Panama have become increasingly popular places for baby boomers to retire. Why has this generation chosen to settle offshore?
Quality of Life
With warm weather year round and stunning beaches, lakes, volcanoes, and hillside, Central America has an appealing climate. Many small jungle beach towns are popular among tourists, making foreign investment a lucrative possibility. For those looking for city comforts, most cities lie in close proximity to incredible wilderness. Granada, Nicaragua sits near a stunning lake and volcano and also has great restaurants, nightlife, and culture. Plentiful fruit and vegetables and many outdoor activities also make healthy living not only possible, but easy.
Lower Cost of Living
Even more expensive Central American countries like Costa Rica offer a lower cost of living than the United States. It is very possible for individuals to live comfortably on less than $1,000 per month. Nearby Panama is even more affordable and food, entertainment, and lodging in Nicaragua is half the cost of Costa Rica. This low cost of living is incredibly appealing to baby boomers looking to retire and live abroad without sacrificing luxuries like dining out, maid service, and travel.
Proximity to the U.S.
Central America is an inexpensive, quick flight from the United States, making investment or a permanent move less daunting. Individuals are still able to visit their families or live part time in each place.
Return on Investment
While some investors plan to live and settle in Central America, others buy property simply to earn income from their investment. Property costs are low and vacation rentals can yield a good salary, making these foreign investments a popular choice for those looking to save for retirement.
Belize is know for its amazing barrier reef, its culture and spectacular flora and fauna; with so much to do it’s no wonder visitors can get overwhelmed, especially when planning a trip to Belize on a limited budget.
Good News! There are plenty of things to do in Belize that are free or affordable. What follows is by no means an exhaustive list, but these are our suggestions of what you can see and do on a small budget.
Photo: A. Grandel
1. Placencia Peninsula
Stretching across a 12-mile-long peninsula, Placencia boasts a myriad of nature reserves and underwater oases along with postcard-perfect vistas. Rent a bike, about $12 for the day, and cruise the peninsula like a native Belizean or spend a bit more money and go on a kayaking manatee spotting tour.
2. Lamanai
Lamanai is a 960-acre Mayan site perched on the New River Lagoon in northern Belize and boasts the most masked Mayan crocodile art in Belize. Located in the Orange Walk District, the Lamanai temple complex sits atop the western bluff of the New River Lagoon and is surrounded by unbeatable rain forest vistas. Entrance fee: $10.
3. Hol Chan Marine Reserve
Hol Chan Marine Reserve is the oldest reserve in Belize. Encompassing three square miles, this densely populated aquatic zone is a sanctuary for stingrays, eels, and sharks, among other creatures. Separated into four parts, the mangroves, the reef, the sea-grass beds, and Shark Ray Alley, the reserve has flourished as a hot spot for scuba divers and snorkelers. Entrance fee: $5.
Photo: Viva Team
4. Toledo District
Go explore the southern district of Belize with a visit to Toledo, a dense rain forest region, and Belize’s up-and-coming eco-hotspot. Known by the locals as “the forgotten land” it is the least visited destination in Belize. What to do here: swim inside caves, discover sinkholes and waterfalls, or go a bit more deeper into the jungle and rediscover untouched Mayan ruins. Swimming the Blue Creek Cave, Toledo’s most popular destination, will set you back about $100 on a professional tour.
5. Belize Zoo
Stroll around this 29-acre zoo and you might think you’ve trespassed into a jungle. The zoo is small, but well worth a visit. You can see the different Belize cats such as Jaguar, but one word to the wise: Arrive early to beat the midday crowds. $15 per adult and $5 per child.
6. Belize City
The country’s business epicenter, splits into two distinct areas: the North and the South. Fort George lies to the north, an upscale neighborhood with the city’s landmark, a lighthouse overlooking the harbor. Most of the action in Belize is oriented around the city’s peninsula, which extends outward to the Caribbean Sea and peers over the northern cays. You’ll likely want to spend minimal time in the inner city and instead use the area as a base for exploring nearby rural rainforests, cays, and Mayan ruins. Fort George Lighthouse excursion: Free.
Photo: Becky Gregory
7. Cockscomb Basin Wildlife Sanctuary
The sanctuary contains 12 nature trails that span across 20 miles. It was a former cat sanctuary. Lather yourself with insect repellent. The moist environment serves as a haven for annoying mosquitoes and tiny flies. Entrance fee: $5.
8. Caracol
The largest Mayan ruins, Caracol has recently received attention as the site of discoveries that have contributed to new understanding of the Maya. Located deep in the Chiquibul Forest and only seven miles from the Guatemalan border, it is much larger than nearby Tikal but is not as extensively restored. Entrance fee: $7.50 per person.
9. Tropical Wings Nature Center
The Tropical Wings Nature Center is Belize’s only Butterfly zoo where you will find interactive exhibits covering the ecology, flora, and fauna of Belize. Take a walk along a nature trail, grab a bite to eat, or spend the night at this eco-friendly resort. Entrance fee: $10.
Photo: Josie A.
10. Sunset at Caye Caulker
The sunsets are amazing here in Belize, but they are spectacular at Caye Caulker. After a long and lazy day, the best thing to do is grab a cocktail and sit on the pier and watch the sunset. Cost: Free.
Ecuador is about the size of Colorado. It straddles two hemispheres and is a symphony of culture and adventure. We’ve rounded up the best Ecuador has to offer, and if you’ve got six minutes, take an amazing video tour of this South American Gem.
The country is made up of a tropical climate along the coastline, it becomes cooler inland at higher elevations and remains tropical in the Amazonian jungle lowlands. The capital, Quito, is a world heritage site and a favorite expat destination along with the cooler climate of Cuenca.
“What is the cost of Living in Panama?”… Viva Tropical’s Park Wilson and Josh Linnes launched the site in an effort to educate would-be expats on the realities of life in Latin America. They hope to help others have the information they need to make informed decisions when relocating to Central and South America.
Photo Credit: P. Peter
They also wouldn’t mind debunking a few of the false claims made by marketers who are trying to lure folks down to the tropics under false pretenses. Here, Park talks about one of his particular pet peeves.
I guess you see a lot of extravagant claims promising a perfect life in paradise. What are some of the worst?
Park: “Move to Panama and live on $500 a month!” “You can move to the great town of David and live like a King!” I’ve been an expat in Panama for 6 years now, after a brief stint in Costa Rica. Not only am I surrounded by others in the expat community but, as a real estate developer, I’m also surrounded by the folks who are making these ridiculous claims.
Marketers deliver a lot of really misleading messages about moving here, but the ones about the cost of living are the ones that really make me sick to my stomach.
So, it isn’t really cheaper to live in a place like Panama?
Park: No, it totally is! I mean, it can be. I mean…well, it depends.
Let me explain. If you plan to move down here and continue doing and buying all the exact same things that you did in the U.S., you might actually pay more. In other words, if you want the same brand of cereal you eat every morning back home and your usual flash frozen steaks flown in from Omaha, then you can get those things. But at a fairly high premium.
Are you saying people need to be ready to make some sacrifices?
Park: Not at all. Quite the contrary, actually. You will need to make some changes, but I wouldn’t call them sacrifices at all. Let’s go back to the steaks, for example. My family buys filet mignon for $5.50 a pound, and we eat a heck of a lot of it. But it’s local beef, not imported.
We also steer clear of most things in a box or jar, because those things tend to be more expensive than in the U.S. But the way we see it, those things were probably taking a few years off our lives anyway. I don’t consider that much of a sacrifice.
So how do marketers get away with lying to their potential customers?
Park: I wouldn’t say it’s an out and out lie. It’s just misleading. In a country with a per capita GDP of $600 per month, you could probably get by on $500 a month. It just wouldn’t be the standard of living you’re probably looking for when moving to a place like this.
To live on that little, you’d need to live like a local. Eat only local foods, patronize local establishments. We’re talking 47 cent beers, 10 cent bananas, and big bags of rice for a few bucks. You could do it. But you would also experience a huge shift in your standard of living.
If that’s what you’re looking for, then great! Just know that before you make such a big decision.
How do you strike a balance between having the things you’re used to in the U.S. and taking advantage of the lower cost of living in Panama?
Park: It’s all about finding that sweet spot. There are a lot of items in a household budget that can be obtained at a great value in Panama. You just need to pick the ones that line up with your values. Here are a few of ours.
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Domestic help. We have someone who works in our home every day: cooking 3 meals, buying our groceries, doing laundry, even babysitting our kids when needed. All for just $300 a month.
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Fresh foods is another category. We eat so well at our house. But we don’t eat like we did in the States. And because we have help with the cooking and more time on our hands, we don’t have to eat hamburger helper.
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Another place you can save on expenses in Panama is in medical costs. My daughter was born in Panama last year, and we saved $27,000 compared to what we would have spent in the U.S. But even for routine health care, the cost is much lower. Doctor visits are $5. Antibiotics cost $10. Our insurance premiums are also much less, and we even have a policy that works in the U.S. too.
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Travel is another biggie. There’s so much to do, and it’s all so close. We love to go to the beach, take the boat out to nearby islands (including my own project), visit new areas…and it’s mostly all in Panama. We save a lot by traveling within the country.
So, what’s the magic number? If an expat can’t get by on $500 a month, then how much?
Park: It’s hard to say, really. It’s all up to you and the areas where you plan to splurge and save. No one can give you a guarantee on what it would cost for YOU to live in Panama. What’s more important is to look at your own habits and tastes and have realistic expectations about the lifestyle you can afford here.
For me? I spend about a third of what I would in the U.S. And I wouldn’t change a thing.
When you decide to spend time in the Latin Tropics, there are a lot of things that you’ll need to think about. Where you’re going to stay, what you’re going to see while you’re there, what you’re going to pack, and how you’re going to keep yourself safe. When you’re traveling in unfamiliar territories, this last consideration is key. One of the things that many tourists and expats worry about is the threat of snakes.
Snakes are a very common animal. There are over three thousand known species, and they live on almost every continent. Latin America is no exception. The region is home to an abundance of snakes, both venomous and nonvenomous. Some of the more dangerous snakes in this part of the world include the Bushmaster, the Fer de Lance Viper, the Eyelash Viper, and the Coral Snake.
The Good News
- The vast majority of snakes are nonvenomous, and are harmless to humans. Out of the 3,000 plus known species, only 750 are venomous.
- Snakes do not naturally prey on humans. They usually prefer to keep their distance, and documented attacks are rare. Bites generally only happen when snakes are threatened or injured.
- Dangerous snakes tend to avoid heavily populated areas.
- Snakes are most active at night, which makes them easier to avoid.
- If the worst does happen and you do get bitten, modern medicine is up to the challenge. The majority of people who sustain snake bites get the treatment they need to survive.
- In fact, it’s estimated that 90% of people who are bitten by a snake make a full recovery.
- Victims of snake bites usually have a six hour window to seek treatment. This means that, should you need, you would have plenty of time to get to the nearest hospital.
How to Stay Safe
- Be aware of areas where snakes are likely to hide in. Dead foliage, fallen trees and other situations that create dark, shady areas are likely to attract snakes.
- Look around you. Don’t step anywhere or touch anything without looking first. Being aware of your environment in this way will help to protect you.
- Don’t travel into the jungle alone.
- Wear appropriate clothing. If you are visiting an area where there are likely to be snakes, such as the rainforest, make sure that you are wearing sturdy footwear and protective pants. Most smaller snakes won’t be able to bite through them.
- If you do see a snake, don’t panic. Try not to make any sudden startling movements, such as running away, and don’t try to attack the snake.
How Worried Should You Be?
Most visitors to Latin America will have no problem at all with the local wildlife: snakes included. It is very rare to be bitten by a snake, and if you follow the advice above for staying safe it would be very unlikely that it would happen to you. In fact, it’s often cited that you are more likely to be struck by lightning than you are to be bitten by a venomous snake. For this reason, the threat of snakes isn’t something that should put you off your trip!
The Latin Tropics is a beautiful part of the world, and we think that everyone should experience it. The dangers presented by snakes is certainly something to bear in mind and to take precautions against, but don’t let your worries take over.
If you are planning on making a move down to the lush tropics of Panama, why not take a moment to learn a little something about the Panama health care system and where to find hospitals that will offer quality and expat friendly care.
Luckily, you won’t have to look far. Equipped with two branches of health care, public and private, Panama is recognized for its world class institutions and qualified medical professionals. But in a country with such a strong health care system, where should you go to find the best possible care?
The Best of the Best
1. Hospital Punta Pacifica
hospitalpuntapacifica.com
First on the list is Hospital Punta Pacifica. A full-service private hospital praised for its trained physicians and immaculate facilities, Punta Pacifica is not only the only John Hopkins affiliated hospital in Panama, but in Central America as well.
Hospital Punta Pacifica employs over 350 medical specialists, and through the use of continuing education programs, these specialists are constantly updated to keep their knowledge current. This hospital can be found in Punta Pacifica, and although it is one of the more expensive institutions in Panama, inside you can expect to receive first rate care at the hand of qualified professionals.
2. Paitilla Hospital (Centro Médico Paitilla)
centromedicopaitilla.com
Next on the list is Paitilla Hospital. Located in Punta Paitilla, this facility is one of the oldest private hospitals in Panama and is a great choice for expats since most of the staff speak English. This is due to the fact that many of the doctors completed residencies in the United States and Europe before settling in at Paitilla Hospital.
While best known for its oncology unit, Paitilla Hospital is staffed with medical professionals that specialize in many different branches of medicine. Some of their departments include:
- Radiology and imaging
- Laboratory and anatomic pathology
- Cancer center
- Critical care unit for newborns and adults, and
- Cardiac catheterization unit
3. Hospital Chiriqui
hospitalchiriqui.com
Hospital Chiriqui, located in the city of David (near the Costa Rica border), is an institution with a reputation for providing exceptional medical care for over twenty years now.
The Hospital Chiriqui is a private hospital staffed with medical professionals that specialize in anesthesiology cardiology, reconstructive surgery, dermatology, and radiology (to name a few). In order to keep providing quality patient care, the Hospital Chiriqui is currently developing a clinic in the small town of Boquete, Chiriqui that will provide services like ambulance, pharmacy and primary health care to patients, twenty-four hours a day.
4. Hospital Nacional
www.hospitalnacional.com
If you visit Hospital Nacional, located in the Bella Vista area of Panama City, you can expect to receive quality care. This hospital is staffed with over 100 specialists and has an impressive nurse to patient ratio (one nurse per every ten patients). This facility also offers a diverse range of patient services like:
- A clinical laboratory
- A pathology laboratory
- A genetics center
- An emergency room
- and an intensive care unit
Hospital Nacional is also welcoming to out-of-towners for they even accept international health care plans.
5. Hospital Santa Fe
hospitalsantafepanama.com
Last on the list is the Hospital Santa Fe. Nestled in the center of Panama City and located mere minutes from the Panama Canal, the Hospital Santa Fe concentrates on creating individual health care plans that are patient specific. Founded in 1984, Hospital Santa Fe uses the latest technology, state-of-the-art equipment, and many English speaking, American-trained doctors to treat their patients.
Hospital Santa Fe is also on-board with the new wave of medical tourism and offers many health tourism packages that claim to provide the same quality care as American hospitals at a more affordable rate.
So before you pack your suitcase and whisk off to Panama, be sure to look into the local health care system and the available hospitals, so that when the time comes, you can make an educated and confident decision.