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Top 57 Places to Live & Invest in the Tropics

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Viva Tropical Radio

Viva Tropical Radio

With the release of the Costa Rica Real Estate Report, Park and I decided that this wealth of data and analysis needed a podcast episode all its own. Tune in to hear us discuss how we created the information, how you use it, and how it relates to buying property.

What we cover in the podcast:

  • Top most expensive beach towns.
  • Top three most expensive mountain areas (here the cheapest beachfront is located based on total price).
  • Plus many more ideas that you will be able to use to get great deals or understand the market.

Get insider information on hard real estate data, stats, and opinions. This is a must-listen episode! Certainly one you do not want to miss!

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If you’re looking for an affordable place to relocate to the beach, then look no further than one of the many beaches in Ecuador. Dotting its shoreline are numerous beach communities, each with its own unique appeal.

Whether you’re looking for a relaxing retreat, the hottest up-and-coming destination, or a place you can party all night ’til the sun comes up, this list of Ecuador beaches has something for everyone.

Salinas – A South Beach Vibe in South America

Wikipedia

Wikipedia

Salinas is one of the most popular, and probably the most well known, of all of Ecuador’s beaches. Salinas is the place where many locals flock during the high season for a bit of fun in the sun and outdoor activities. Here you can surf, take whale-watching excursions, ride jetskis, paddle a sea kayak, go skydiving or hang gliding, water ski, or take a cruise on a private yacht.

Rinaldo Wurglitsch

Rinaldo Wurglitsch

When it comes to the Salinas real estate market, what you see is what you get.  And what you get is a whole lot of bang for your buck in terms of beautiful beaches, great weather, modern amenities, and incredible bargains.

Olon – Restful, Relaxing, and Not Too Crowded

Johnny Chunga

Johnny Chunga

When in Olon, both travelers and expats alike take the time to bask in Ecuador’s natural beauty while experiencing the easy pace of the beachcomber’s lifestyle at this lesser known Ecuador beach.  It is no wonder that after a short stay in Olon, many visitors choose to call Ecuador home and invest in Ecuador Real Estate.

Johnny Chunga

Johnny Chunga

Despite the town’s sleepy appearance, there are actually plenty of activities to try while at  Olon Beach. Many people enjoy surfing the waves, hiking to nearby waterfalls, or just taking a dip in the cool waters.

Canoa – Waiting to Be Discovered and Enjoyed

ecuador beaches

Tripadvisor

Canoa is a relaxed, laid-back fishing village on the Pacific coast. Popular with travelers, yet not overrun by them, it’s an excellent place to chill out for a few days on the beach or even relocate to find the beachcomber’s lifestyle you seek.

TMAC

TMAC

So far, despite its growing popularity with tourists, surfers, and backpackers, Canoa remains a low-key place, where local kids play outside at dusk and fishermen head out to sea in the early hours before dawn.

Manta – Bustling and Busy

manta-ecuador-01

In Manta you’ll find all the services and amenities you’d expect from an established beach town, although it has a bit of an industrial feel. There is a well-organized expat community, but bargain properties are harder to find as the beach now draws many Ecuadorians.

Eric Hutton

Eric Hutton

While Manta may not be the exact atmosphere that many are looking for in a beach town, its accessibility and abundance of conveniences make it a very easy place to call home. As a result, many Ecuadorians and expats who choose to have a mountain home, as well as a beach home, choose to buy the latter in Manta.

Atacames – A Continual Party Vibe

Hanna Michals

Hanna Michals

Atacames is one of the best party spots in Ecuador. Though the beaches of Atacames themselves are quite beautiful, the real attraction for most visitors to this beach is the perpetual party atmosphere.

Presidencia de la República del Ecuador

Presidencia de la República del Ecuador

If the party vibe of Atacames is not your thing, you may prefer the nearby residential beach community of Tonsupa, the most popular destination for vacationers from Ecuador’s capital city of Quito.

Honorable Mention: Las Grietas of Santa Cruz Island

Christopher Griner

Christopher Griner

Las Grietas is a solitary and spectacular beach on Santa Cruz Island. If you want to see it, it’s just a few minutes’ walk once on Santa Cruz Island. While the beach is beautiful, the services there are limited. Be sure to bring a few snacks and drinks. Otherwise, pack your Kindle and hammock and pass the day in quiet beauty.

Which is your favorite beach? Leave us a comment below so we can add it to our list!

When it comes to choosing a tropical destination to call home, it’s important to know that they aren’t all created equal. It’s also important to know that just because one person or one publication loves a certain country or city, that doesn’t mean that everyone will or that YOU will.

That being said, there are a few places that stand out heads above the rest in terms of lifestyle, atmosphere, and quality of life. 

Bridget Shirvell

Bridget Shirvell

We ranked cities all across Latin America in areas such as cost of living, quality of life, and potential for real estate appreciation. And we’re dying to tell you more about the three cities that blew all the others out of the water in those and other categories.

And, while not every single person on the planet would be happy in one of these three destinations, they’re hands down the top places where most people would be happy living in the tropics.

Here they are!

best-beaches-nosara

Zhu

1. Nosara, Costa Rica

There is no place on earth quite as remarkable as Costa Rica, with its unparalleled natural beauty, friendly population, and laid-back lifestyle. Its residents are among the happiest people on the planet, and there are some obvious reasons for that.

There’s also no place in Costa Rica quite as fantastic as Nosara. It was initially established as a planned community by a North American developer. It got started on the right track and has continued to follow that original plan.

Today, it’s a tropical paradise with a first world design. There are banks, grocery stores, medical clinics, and fitness centers. Yet, due to zoning regulations, there aren’t any high-rise condos to block your view of the pristine coastline and magnificent sunsets.

The town also has numerous conservation and beautification initiatives, so it’s one of the cleanest cities you’ll find in the tropics. There’s regular trash collection, clean water, and reliable utilities.

It’s a health conscious town, and most residents regularly enjoy activities such as surfing, yoga, stand-up paddleboarding, soccer, tennis, and other sports. There are organic grocers, smoothie stands, and other healthy consumer options. There’s also plenty of nature to help rejuvenate your mind and body.

Great for Singles, Even Better for Families

Not only is Nosara a great place to live, it’s also the perfect place to raise a family abroad. There’s a large established expat community and a lot of English speakers, which makes for an easy transition. There are several bilingual schools, as well as plenty of organized sports and activities for children to enjoy.

Nosara is also an incredibly safe town. Crime is low, and there’s not much of a party scene or drug culture like you might find in other tropical beach towns. Everyone looks out for each other, and there’s a great sense of community.

While not the cheapest city to live or buy property in the tropics, Nosara offers tremendous bang for your buck. And even though it’s already a well-established town, there’s still room for appreciation and growth. As investors, we hope to be a part of where Nosara is headed.

Eric Hunt

Eric Hunt

2. Cuenca, Ecuador

You’ve probably heard a lot about Ecuador, and more specifically Cuenca, being a great place to live or retire because it’s cheap. Well, we think that’s a horrible reason on which to base such an important decision.

Yes, Ecuador enjoys a lower cost of living than many of its Latin neighbors, but there are so many better reasons to love this country and city. Here they are.

First of all, the climate is ideal. The temperature most days is in the high 60s to low 70s. It gets cooler at night, sometimes dropping into the high 40s. You only need one wardrobe for the whole year, plus a sweater or light jacket for evenings.

There’s a rainy season that runs from January to May. The rest of the year, all you’ll see is an occasional afternoon shower, perfect for a nap or some time with a good book.

Small Town Atmosphere, Big City Amenities

Also, for a fairly large city (roughly 330,000 people), it has a quaint small town feel. The colonial architecture is stunning, the people are friendly, and the carts of local farmers and craft vendors make walking the city streets a pleasant experience.

Yet despite Cuenca’s charming ambiance, there’s no shortage of big city amenities. There are internet cafes, boutiques, entertainment options, and any professional service you can think of.

What’s probably most notable about Cuenca is the incredibly diverse culture, both native and foreign. Cuenca is home to several large universities, and the zeal for learning and experiencing new things radiates through the city. There are numerous museums, free concerts, and local artists that further establish Cuenca as an important cultural hub.

Though not dirt cheap like many areas in Ecuador, Cuenca is a very affordable place to live. It has a large, growing expat community and numerous expat-friendly businesses. Health care is good. Education is emphasized. It’s a great fit for expats of pretty much any demographic.

Flickr

Flickr

3. Boquete, Panama

Panama, and especially Boquete, has been the darling of the international retirement scene for a while now. Not only does it have natural beauty, a great climate, and first world amenities, it also offers some of the best retirement benefits of any country in the world.

Retirees of any age can save on everything from healthcare to transportation to entertainment to utilities. And with tons of visa options, obtaining residency in Panama is about as simple a process as is possible in Latin America.

But enough about the boring stuff, what’s truly amazing about Boquete is the scenery and all the incredible opportunities to experience nature in the surrounding areas. Boquete has been dubbed both the “Land of Eternal Springtime” and the “Valley of Flowers,” and it easily lives up to both of those monikers.

At 3,900 feet above sea level, it enjoys a moderate climate with warm days and cool nights. Its location offers sweeping vistas of the surrounding valleys. And its fertile soil makes it the perfect place to grow fresh fruits and vegetables year round, as well as a variety of flowers. Its orchid fair held each March is an international event.

The Pace of Life Is Slow, but You Don’t Have to Be

The surrounding mountains offer opportunities for hiking, bird watching, white water rafting, zip lining through the cloud forests, or exploring local organic coffee farms. After a day packed with activity, the nearby Caldera hot springs are a great place to relax and rejuvenate.

Thanks to a longstanding expat presence, Boquete has most amenities you’d expect to find in an established first world city. English is widely spoken. Phone and internet service are top-notch.

Boquete is a more expensive mountain option than Cuenca, yet still affordable by North American standards. Its expat population is still growing steadily, thanks to much media hype in recent years. That’s likely to continue for years to come.

boca chica panama

Panama Travel

What About the Other 54?

These are the three tropical destinations we feel will appeal to the largest number of people. However, there are still 54 other amazing places you need to know about. It is possible you might love the sound of one of those even more than the three we just described. Download our free eBook and find out!

Unless you’ve been hiding under a rock, you probably saw that we recently published our Top 57 Places to Live and Invest in the Tropics eBook. It’s hundreds of pages of facts and photos detailing, based on our research, what we believe to be the best places to move yourself or your money in Latin America.

It’s a great read and, if you haven’t already, you should definitely check that out. It answers the biggest question we get asked all the time as experts on real estate investment and all things expat.

Karan Jain

Karan Jain

Or should I say the TWO biggest questions?

Because a lot of people assume that there are great places to live, and then there are other places that aren’t as great to live but are great areas in which to invest. And that’s not the case.

When we ranked the cities on our list, we looked at dozens of factors like climate, cost of living, accessibility. But the ones that really carry the most weight for us are these two: quality of life and real estate potential.

Those might not seem like they have anything to do with each other, but they actually do. Places that offer an incredible quality of life are naturally going to be places that are growing and have opportunities for new businesses, more housing, and other services.

Here are a few principles to help you understand how these two factors relate.

Vytautas Šėrys

Vytautas Šėrys

1. Quality of life is the number one thing that drives happiness.

It just is. It doesn’t matter how much of a great deal you score on a piece of property, if the place doesn’t offer the lifestyle you desire then you’re never going to be happy there. Whether the level of amenities is lacking or there aren’t enough people nearby–whatever the reason–if an area doesn’t have what you need to be happy or fulfilled, then it’s never going to work.

azueros.wildland

azueros.wildland

2. When people are happy, others start to want what they have.

We’ve seen this happen in city after city. Once a place starts to attract the right investors and the right kind of residents, then development starts to spread like wildfire. So well-planned projects lead to more businesses and better amenities. That leads to more residents, more developments. Growth naturally happens.

Thibault Houspic

Thibault Houspic

3. Better amenities and infrastructure mean good things for real estate.

When areas start to grow, then the government has to build new roads, install new utilities, improve existing services, etc. Those are automatic ways to increase your property value without ever having to lift a finger.

Storm Crypt

Storm Crypt

4. Spreading yourself too thin won’t make you happy either.

While we think quality of life is important, it’s not the only factor you should consider. That’s why we also included affordability and an area’s potential for real estate appreciation in our study.

Because we don’t want anybody to buy the most expensive house they can afford in an area that offers a great lifestyle, move down, find out it’s just not going to work for them, and then get stuck upside down on a property in another country because of market fluctuations. There’s a balance, and we can’t stress that enough.

boca-chica-vs-roatan-01

5. Speculating on rock bottom real estate is best left to guys like us.

Yes, there are little-known places, undiscovered beaches, remote islands, and sleepy farming communities where an investor can find unheard of deals on real estate. But not someone investing from a suburb somewhere in Ohio.

To be able to evaluate a piece of property solely on its potential for appreciation, you have to understand that this could be a very long-term investment. Like decades. It’s not for the faint of heart, and it’s not something we’d recommend to your average North American investor.

boca chica panama

Viva Tropical

Live vicariously through our adventures.

Instead, we invite you to look at all the factors, not just the ones that affect your pocketbook. It might not sound as pioneering as the types of projects we undertake, but that’s why we offer ways for investors to partner with us and benefit from our success in this area.

Quality of life and real estate potential go hand in hand. Check out the places that scored off the charts for both. If we think you should live there, then we also think it’s smart to invest there. And that’s exactly what we’re doing right now.

Coronado Panama has grown from the vision of its founder, the real estate entrepreneur Bob Eisenmann, to one of the most popular expat destinations in Latin America. The established infrastructure, solid reputation, and modern amenities that can be found in Coronado continue to be a magnet for expat retirees and investors looking for a Pacific paradise.

The Coronado region, as a whole, encompasses a number of smaller, rustic villages and barrios as well as the main community. The desirability of the area continues to drive the real estate market and provide several attractive options for turnkey properties and lots for development.

coronado panama

Yming

An Investment in Coronado, Panama Can Be Life-Changing

Coronado Panama is unique among other Pacific coast locations throughout Latin America in that it was planned and developed specifically to be a high-rise condominium community with modern resort amenities. As a result, Coronado has a well-established expat community that continues to attract new arrivals seeking investment potential and places to live or retire.

One of the biggest initial concerns that many had was the distance between Coronado and Panama City. The completion of the Pan American Highway has now made the connection between Panama’s capital and the beaches at Coronado an easy one-hour drive.

Unique Climate and Geography

Coronado, Panama is gifted with a rare meteorological and ecological aspect. Located in the “dry arch,” or arco seco region, less rainfall occurs here than in the rest of the country. Combined with the savannah-like geography, it is not surprising that the area became known as one of the earliest examples of planned agrarian culture in the Americas.

The earliest Spanish settlers recognized the potential of this land with the result that three major estates were created between 1691 and 1693. These estates would, ultimately, form the basis for the real estate registry in the region. As a result, Coronado and the entire region of Llanos del Chirú (to which it belongs) became an important part of the growth of Panama as a whole.

Just as in the Colonial era, the favorable climate and geography make living and developing here highly desirable. The established resort communities on the coast are a strong support structure for the new projects that are in the planning stage or are already underway.

Modern Convenience, Easy Access, and English Speakers

Getting to Coronado has never been easier. The Tocumen International Airport has regularly scheduled flights from many U.S. cities and arranging transfers to Coronado and the resorts is a convenient matter.  Once there, new arrivals will be surprised by the modern conveniences that the community has. Shopping options, high-end restaurants and even a modern mall can meet just about every expat desire.

One of the most important features of this area is the number of established English-speaking expats who call Coronado, Panama home. Being able to communicate without finding someone to translate is a value added feature of life in this area.

Panama Wants You

Panama’s aggressive stance to attract foreign investors and expats looking for a new opportunity has resulted in a number of favorable changes to residency laws. Additionally, retirees qualify for many discounts on everything from entertainment to travel.

The tax benefits for foreign investors are also significant. For properties whose value is $100,000 or less, taxes are exempt for 15 years; between $100,000 and $250,000, ten years and, for values above $250,000, five years. Not having to pay taxes for an extended period makes the prospect of building your own Pacific paradise that much more appealing.

Coronado Panama

Roberto Moreno

Buying to Invest or to Live – Many Opportunities Exist

The Coronado area goes beyond the principal resort and includes many of the small villages and farms along a 50-mile stretch of Pacific coastline. Finding development opportunities is an easy proposition as the demand for new residences continues to grow.

For those who desire a turnkey home that could double as both a vacation residence and rental income property, there are a number of options available both in the Coronado Beach and Golf Resort, as well as other communities that have sprung up in the region. The wealth of modern amenities makes for a terrific selling point that is only enhanced by the stunning black and white sand beach, a vista that is hard to duplicate elsewhere.

Price points are dependent on the size of the residence, the amenities, and, of course, the location. For example, rental rates can run the gamut from $700 per month to upwards of $3000. With that kind of range, life in Coronado can fit almost every budget.

Not everyone is interested in resort-style living. For those, the surrounding fishing villages and smaller towns offer the ability to immerse oneself in a more rustic lifestyle. Accordingly, prices for homes and lots in these areas are more affordable than the higher-end residences in the resort communities.

Adventurers desiring to follow in Eisenmann’s footsteps will find a large selection of lots that can be purchased for immediate development or held onto as part of an investment portfolio. The Coronado area has rebounded nicely from the financial crisis of 2008 with the result being that property values are steadily climbing, but still affordable.

coronado panama

Panama Lens

Changing Your Life Can Be Priceless

Bob Eisenmann’s vision could be summarized in what is widely regarded as his last wish for his dream project: “Creating from the heart, no matter what the cost.”

Embracing Coronado Panama as a place to form your future can present the opportunity to rediscover the magic of building a new life. Begin this quest by visiting Coronado; explore the region and see for yourself why living here is truly a matter of the heart.