Panama is starting to come into its own as a prime expat destination. For those seeking to truly become part of the Panamanian lifestyle, Santa Fe, Panama can be your bridge to traditional village living with stunning natural surroundings.
Santa Fe Bridge
With increasingly favorable changes in residency and investment laws, the government is actively courting expats seeking new opportunities. Whether your ideal escape is a rustic retreat in the jungle or a place by the ocean, it can be found here in beautiful Panama.
Santa Fe, Panama Combines Shades of the Past with Potential of the Future
The Santa Fe region has, literally and figuratively, been a gold mine since the Spanish under Captain Francisco Vázquez conquered the area in 1557 in order to search for the yellow metal. In fact, gold is still mined in the area today.
During the 1557-1559 period, Vázquez founded several towns including Santa Fe, the oldest settlement. In the early 1600s, settlers from Santa Fe and Montijo established Santiago as a kind of communication outpost; ironically, today Santiago has surpassed the community that originated it in size.
Largely unknown outside of the country until the late 1960s, Santa Fe became a focal point of a peasant’s revolt led by a priest, Jesús Héctor Gallego Herrera. The ultimate result was that Santa Fe was finally connected by paved road to Santiago and the Pan American Highway, making access to the world at large available.
Today, Santa Fe still retains all the best elements of rustic life in Panama. With a population of roughly 3200, the natural beauty and abundant flora and fauna are a magnet for expats needing a more basic and relaxed lifestyle.
Falls
Experiencing What Santa Fe Offers
Nature lovers have found that this unsullied village is the perfect gateway to the Panamanian highlands. The national park surrounds Santa Fe in three directions covering nearly 320 square miles. Nature hikes and tours can delight expats who want to experience the over 300 varieties of birds along with other creatures of the region.
There are a number of waterfalls nearby that can be explored. For the more adventurous at heart, the fabled Mosquito Coast of the Caribbean is only 60 km distant.
There is also a well-known and loved organic farm that gives the concept of sustainable living a fresh meaning. Chong and Maria’s family farm is a favorite among locals and expats alike and provides the opportunity to see how organic farming works.
Café Tute is a local coffee roaster that is run by the town’s farming cooperative. Tours of coffee plantations and the factory are a great way to gain appreciation for the ubiquitous breakfast beverage.
Flower Power
Santa Fe is known throughout Panama for the beauty of its over 300 varieties of orchids. Each August, expats can see the best of these stunning flowers at the Exposición de Orquídeas held at the Feria (Farmer’s Market) of Santa Fe.
Why You Should Consider Santa Fe As Your Expat Destination
There are many reasons to explore Santa Fe as a possible location for retirement or investment. Some of the more compelling ones are listed below:
Affordable Cost of Living
Perhaps one of the most attractive aspects of living in Panama is the cost of living. Smaller communities, like Santa Fe, are extremely affordable; particularly when compared to larger cities, such as Panama City.
Rents, even in the center of town run under $1,000 per month. Similarly, utilities for basic services such as electricity, water, heat, and garbage may be as little as $50 to $100 per month. Importantly, because of its location in the mountains (500 meters-1640 feet ) cooler temperatures translate into less use of air conditioning, keeping electric costs down.
With more expats arriving all the time, the infrastructure is also improving. Internet access and cable television are now available (and reasonably priced) along with improved telephone and cellular services.
There are also a number of discounts offered to holders of the pensionado (retirement) residency. Everything from travel, entertainment and even medical expenses are reduced for expat retirees, making life even more affordable.
Buying or Building
The area in and around Santa Fe is seeing a dramatic increase in real estate activity similar to that of its neighbor to the west, Boquete. At present, there are not a lot of developers in the area but, given the popularity Santa Fe is gaining, that may not be the status quo for long.
As might be expected, prices for lots and existing structures are still on the low end. The promise of increased tourism to the region certainly makes the idea of investing, either in a purely commercial venture or as a rental part time, very attractive.
Money Does Talk, and It Speaks American
Although the Balboa is the official currency, the U.S. Dollar is the only paper money in Panama (Balboas are coins only). Since the dollar is freely used in daily transactions, expats don’t have to worry about exchanges or calculating prices.
Santa Fe, Panama May Not Be Perfect for Everyone
Understanding some of the challenges of living in a small Panamanian town is important before making that leap. Expat life can be rewarding but not without some “speedbumps” along the way.
The language issue is always an important factor to examine. Like other smaller communities throughout Central America, English speakers may not be as common as in major centers. This may pose a problem for some expats seeking to become part of village life.
Finding modern items, such as electronics and appliances may involve a trip to one of the larger cities. If having the kind of shopping access that is found in the U.S. is necessary, giving serious thought to relocating to Santa Fe is strongly recommended.
Lastly, since there is no airport in Santa Fe, the closest connection by air can be found in David, some 130 miles west. David does have regular flights on Air Panama to and from Panama City. As a consequence, a lengthy drive will be involved even before making the flight.
Alternatively, there are buses, private shuttles, and rental cars that can get you from Panama City to this mountain location. If a long ride doesn’t fit your tropical dream, this may be a stumbling block as well.
Go There
Sometimes there is only one way to know if the expat “shoe” is going to fit. Visit Santa Fe and try traditional Panamanian living on for size.
Map of Santa Fe, Panama
Santa Fe, Panama Fast Facts
- Population: About 3200
- Typical temperature: Average temperature is 85°F
- Nearest airport with U.S. flights: U.S. bound flights leave daily from Tocumen Airport.
- Nearest U.S. consulate: Panama City
There are special places whose essence is not driven by modern amenities or convenience but, rather, a more primal and rustic style of living. Santa Teresa, Costa Rica – with its ample beaches and fishing village aura – has become one such location for expats seeking a more naturally connected existence.
From high-end developments to rustic beach towns, Costa Rica has a vast selection of real estate options. Places like Santa Teresa, in the southern Nicoya Peninsula, call to those who truly are seeking to embody a “Robinson Crusoe” spirit to find their own secluded ocean hideaway.
Santa Teresa Beach
Santa Teresa, Costa Rica Is an Understated Gem
Santa Teresa, like most of the small fishing villages in the southern part of the Nicoya Peninsula has not yet been caught up in the surge of development and modernization that had predominated much of Costa Rica’s Pacific coast. Linked by a single, unpaved road to Playa del Carmen and terminating at the hamlet of Mal Pais, this region is only now beginning to see signs of expat investment and construction.
From a population of a few hundred, the Santa Teresa-Mal Pais area has grown to a surf-bohemian magnet of 2,000-3,000 full time residents. Some “A “ list personalities, like Mel Gibson and Gisele Bündchen have purchased lots and built homes there; fortunately, the location is still largely pristine and not turned into a high-end tourist mecca.
The entire location is collectively known to locals as “Mal Pais” or “bad country.” The origin for this nickname is not the unpaved conditions of the roads but due to the rivers and streams going dry during the summer months making this a “bad country” for the farmers and ranchers who still live and work in the region.
Ironically, the conditions of the road have become a source of controversy among the residents here. While there are those who think paving would be beneficial in terms of reducing the amount of dust in the village, others are concerned that making access easier could lead to the kind of over-development that has dominated other communities such as Tamarindo.
Much to See and Even More to Experience
There are many opportunities for exploration and recreation in and around Santa Teresa. Whether your tastes are centered around the beach, the ocean or inland, the choices are both plentiful and exciting.
Surfing is, as might be expected, one of the principal activities along the southern Nicoya Peninsula coast. With consistent wave conditions year round, wave riders have made their pilgrimage to Santa Teresa for many years.
There are many surf camps and shops specializing in surfing supplies and board repair in the area. Two of the surf camps – Chica Surf Adventures and Pura Vida Adventures – are for women only; certainly a unique aspect to the traditional surfing lifestyle that expats can immerse themselves in.
In a kind of spiritual contrast to the adrenaline-fueled experience of challenging the surf breaks along Santa Teresa’s beaches, a growing number of yoga retreats have also sprung up. With the natural serenity and unspoiled beauty of the surrounding area, expats seeking the inner peace of quiet meditation can find a most conducive environment here.
Expats can also enjoy the many snorkeling and fishing opportunities found offshore from the village. There are a number of inshore fishing charters that can provide both beginning and veteran anglers the opportunity to land mahi-mahi, dorado, and other denizens of the deep.
Santa Teresa Is Proof that “Life Is a Beach”
The coastline running from Santa Teresa southward to Mal Pais was recently identified by Forbes Magazine as one of the ten most beautiful beaches in the world. With this kind of recommendation, there is little wonder that a growing number of sun and sand aficionados have made the trek to this remote Nicoya Peninsula location to experience the stunning vistas first hand.
Stephanie Rogers
Natural Wonders and Other Land Activities
Not all of Santa Teresa’s attractions are centered around the ocean. The first national park in Costa Rica, Cabo Blanco Absolute Nature Reserve is just a short distance from both Santa Teresa and Mal Pais.
Founded in 1963, in large part due to the efforts of Olaf Wessberg and his wife Karen Mogensen, the reserve has become known for its wide variety of flora, fauna, and over 150 avian species as well.
Another nature park, the Curu Wildlife Refuge, provides a special opportunity to experience a great selection of eco-diversity in a single location. With five distinct eco-systems within the park’s borders, there is a tremendous opportunity to see a wide collection of mammals, birds, reptiles, and amphibian species during a single visit.
Celebrations and Culture
Like so much of Costa Rica, Santa Teresa has a distinct culture and flavor over and beyond that which expats have introduced. One of the charms of the area is being able to immerse oneself in the daily lifestyle of the region and its people.
The sabaneros (Costa Rican cowboys) represent a lifestyle that has been an important part of the Nicoya Peninsula culture. Each February, this lifestyle is celebrated with the arrival of the Fiestas Civicas de Cobano.
This two week event honors the culture and traditions of cattle ranching and the sabaneros who are a part of it. In addition to food, contests, and musical concerts, the major event is the rodeo.
Just like their counterparts in the U.S., the sabaneros compete at various skills like roping and bull riding to demonstrate their prowess. The most unique event, however, is the “rodeo for everyone” that allows anyone who wants to participate to run with the bulls in the ring. This certainly elevates the traditional concept of a rodeo to a new level of spectator sport.
Contemporary Living Is Starting to Arrive in Santa Teresa
While locals and many of the early expats are not happy about it, progress is starting to make inroads in the Santa Teresa-Mal Pais locality. The last decade of increased tourist activity has spawned a number of new development projects and resorts.
Luxury resort type hotels and gourmet restaurants are beginning to appear side by side with yoga retreats and surf camps. Along with this tourist-driven growth, a number of residential projects ranging from single family villas to gated communities are in the planning stages.
Santa Teresa’s challenge in the coming years will be to maintain its ambiance as a place where it’s still possible to reconnect with nature without modern distractions. Even as more attention is being given to the region, the idealism of those who became disenchanted with life in Europe and the U.S. during the recession is a strong force to keeping that pura vida vision alive.
Santa Teresa
Challenges of Living in a Rustic Environment
While living in a small bohemian style hamlet may seem like “paradise” found, there are several important aspects that should be taken under advisement. Certain elements of daily contemporary life in the U.S., Canada, and Europe may be found wanting in Santa Teresa and could turn the romantic idyll into something far less attractive.
Getting There Isn’t Half the Fun
The allure of living in a place without a paved road has a serious downside. A four-wheel drive vehicle is almost a necessity as visitors have to deal with jarring potholes during the dry season and a veritable sea of mud during rainy season. Needless to say, vehicle maintenance costs should also be considered as well as access to mechanical services.
There isn’t any fast way of getting to Santa Teresa from either San Jose or Liberia-the location of the two international airports in Costa Rica. The drive from San Jose to Santa Teresa is roughly six hours whether by bus or car; from Liberia the time is slightly less-in the four to five hour range.
While there are no direct flights to Santa Teresa, the two domestic carriers, Sansa Air and Nature Air, do offer flights to nearby Tambor Airport. Once there, visitors can expect a forty minute taxi ride to get to the village; the cost is in the neighborhood of $50.00.
Getting Your Point Across – the Language Issue
As is the case with many small and/or remote communities in Costa Rica, the predominant language for everyday transactions is Spanish. With such a small expat population, finding an English speaker can be somewhat confounding.
While some people may embrace learning a new language, the prospect of not being able to express oneself – or understand what others are saying to you – may be a difficult hurdle to surmount.
Bohemian and Rustic Are Definitely the Themes
There are limited modern amenities in the Santa Teresa-Mal Pais area. For most of the 20th century, such common items as cars, telephones, and refrigerators were practically unheard of.
As might be expected in such a small community, options for shopping for basics like groceries are going to be limited. Higher-end items such as appliances, computers and televisions, and vehicles will require a journey to San Jose, Liberia or Tamarindo. Balancing a life less scripted on one hand with the conveniences of being able to obtain needed or wanted items on the other is an important question that a potential expat needs to examine carefully.
Electricity did not become available in this end of the Nicoya Peninsula until the mid-1990s. The first street light wasn’t installed until 1993 and telephone service didn’t become truly accessible until the late 1990s.
While there is slow improvement (high speed internet access is now available for example), the area is still largely an undeveloped, unpaved paradise. If truly “living off the grid” is not something of interest to you, serious thought should be given before making Santa Teresa, Costa Rica your tropical “landing pad.”
Map of Santa Teresa, Costa Rica
Santa Teresa, Costa Rica Fast Facts
- Population: Numbers are hard to find, but a good guesstimate is 1,200
- Typical temperature: Mid 80’s
- Nearest airport with U.S. flights: San Jose
- Nearest U.S. consulate: San Jose
Living in Panama today can provide a wide variety of options for those seeking opportunities outside the U.S. and Europe to live, retire, and invest. Ranging from big city living to secluded mountain villages, Panama offers a selection of lifestyles that is second to none in Central America.
Panama City at Night
Panama’s Past Is the Cornerstone of Its Future
Panama’s history is one of change and growth. From its earliest colonial beginnings, to the construction of the Panama Canal, the turmoil of the late 20th century to the revitalization of today, Panama continues to thrive and offer fresh opportunities to live and immerse oneself in the diverse culture of Central America.
One of the major attractions in Panama is the lower cost of living throughout the country. With reasonable rents, lower food and medical costs, and a continuing growing standard of living, it is small wonder that Panama is viewed by many as picking up where other Central American countries have left off.
Living in Panama today provides a cultural and economic opportunity to share in a rich historical tradition while exploring and becoming part of a vibrant and exciting future. In a real sense, Panama’s past has become the cornerstone of the future potential as the country continues its course to becoming a premier expat destination in the 21st century.
Living in Panama – A Wide Choice of Locations and Climates
Panama is fortunate in that it offers variety in both climates and locations. Though located in tropical Central America, Panama has several “micro-climates” that reflect the many regions in the country.
For those seeking the energy and excitement of a modern city, Panama City is the place to be. The skyline along the beaches of the Pacific Ocean is more reminiscent of South Beach than an emerging nation.
The cool climates of the mountains in such locations as Boquete, Sante Fe and El Valle offer a nice contrast to the hotter, more humid beachfront locations. The La Armistad Biosphere Reserve, at Volcan, demonstrates both the geographic and meteorological diversity that can be found in Panama.
A more rustic lifestyle awaits expats looking to the interior communities of David and Chitre. Being able to become part of daily village life may be an ideal alternative for those wanting to avoid the more frenetic pace of larger cities.
Island Life – A Uniquely Panamanian Alternative
Having more islands than any other Central American country, Panama can boast of some of the best beach living in the region. The Las Perlas Islands group on the Pacific side and the San Blas Islands on the Caribbean coast contain the best beaches in Panama and are more affordable than many oceanside locations elsewhere.
Panama Is a Land of Potential on Many Levels
The aggressive efforts of the Panamanian government in recent years to attract foreign investment and to make Panama a desirable location for expats and retirees is beginning to reap dividends. Changes in residency laws, enhanced benefits for retirees, and a pro-business and investment approach is making Panama a model for Central American vibrancy in the 21st century.
New Residency Laws Make Living in Panama an Easy Choice
In May 2012, Panama enacted the Specific Countries Program. Under this program, holders of passports from the United States, Canada and many European countries can become Panamanian residents in as little as six to eight months.
As Panama’s economy continues to grow, the need for skilled workers has led to revisions in the laws impacting those who may want to work in their new expat location.
The Highly Skilled Worker Permit is one of these new revisions. Under this program, which is exempt from quotas and sponsorship requirements, all that is needed is a Bachelor’s Degree (or higher) and a letter from the perspective employer.
Living in Panama – Retirees Are More Than Welcome
Panama is making a major effort to attract retirees with the Pensionado (retirement) Visa program. Any person over the age of 18, with a guaranteed monthly income of $1000 from a government agency, such as Social Security or the U.S. Armed Forces, can qualify for this type of residency.
Holders of retirement visas receive many discounts and benefits in the form of reduced prices for a wide variety of services and items. Some of the most attractive of these discounts are:
| Discount | |
| Entertainment (movies, sports, etc.) | 50% |
| Airline Tickets | 25% |
| Closing Costs for Home Loans | 50% |
| Professional/Technical Services | 20% |
| Dental/Eye Exams | 15% |
With the Retirement Visa, an individual is entitled to a one-time tax exemption on imported household goods (up to a $10,000 limit). Another important benefit is a tax exemption every two years for the purchase or importation of a new vehicle.
Living in Panama – Growing Pains
For all the positives and potential that Panama offers, it is important to remember that this is an emerging nation in the throes of development. As a result, some of the challenges that expats may encounter may not be a good fit for everyone.
Infrastructure Is Not the Same Everywhere
The modern and urban environment of Panama City does not carry over to other parts of the country. Less developed regions in the mountains and further inland are far more rustic in nature. If having access to modern amenities is a requirement, this could limit the choices for relocation.
Changing Legal Environment
Not everyone has welcomed the efforts of the government to attract foreign businesses and workers to Panama. As a result, changing laws and regulations could impact residency and tax matters. This potential for change can be a negative for some who would like a more stable, less dynamic environment in which to invest.
Improvement and Construction Versus Quiet and Established
The constant improvement of Panamanian infrastructure and amount of new construction is certainly a positive for the country. With this growth, however, comes the disruption of the tranquil nature of many communities in the country. Navigating through construction zones and dealing with the issues that this kind of development brings may be a negative to those seeking a more rustic environment.
Discover the “Panama Potential”
The emergence of a growing real estate market makes doing research on what is on the market more important than ever. Whether the desired location is big city or rustic village, looking at what is available can provide a perspective on the true potential that can be found in the various locations of Panama.
If you travel to the tropics, it’s inevitable that you’ll meet up with some of the area’s tiniest yet most fascinating and sometimes scary creatures: bugs. Read on for a look at nine you might encounter in Latin America, from the little but powerful Bullet Ant to the Giant Helicopter Damselfly. And here’s some advice worth heeding: these guys are strictly for looking at–no touching.
David M. Jensen
Costa Rican Hairy Caterpillar
The tropics are full of poisonous caterpillars, and the Costa Rican Hairy Caterpillar is no exception. This ghostly beautiful but dangerous insect excretes poison as a defense mechanism against predators.
Many tropical caterpillars use poison to protect themselves. Reactions in humans can vary from irritating rashes to nausea to bleeding to death from anticoagulants, so it’s best to never touch any caterpillar you find.
SA 3.0
Scorpion
Many people associate scorpions with the desert, but did you know they can live in the rain forest too? Central America is home to 400 species of scorpions. Fourteen can be found in Costa Rica, but fortunately none of those are poisonous. In the tropics of Latin America, scorpions prefer damp, shady areas, including caves and human homes.
This arachnid (the same family as spiders) can be found throughout Costa Rica, including Cocos Island. You can’t miss it with its eight legs and two lobster-like pincers in front (called pedipalps). Its massive jaws, called chelicerae, help scorpions eat insects, spiders, and even each other.
But the business end of the scorpion is the tail, which is where its stinger is located. If you’re in a spot frequented by scorpions, take care to shake out your shoes before putting them on, and think twice about reaching into dark places without taking a peek first.
The rainy season from May to October is often the best time to see all kinds of wildlife in Central America, including insects and arachnids, as well as whales and turtles. The moisture offers the kind of habitat that many bugs need, and it provides a lush green backdrop for your travels. This is a perfect time to check out places like Costa Rica, when the tourists will be few and the spectacular waterfalls plentiful.
Insect Pod
Kissing Bug
The Kissing Bug, AKA Chagas Bug, is in a group of insects known as Assassin Bugs. While it sounds romantic, the Kissing Bug actually takes its name from biting humans on the face at night to eat their blood. This bite can become a vector for the parasitic protozoan Trypanosoma cruzi to enter the body, causing heart failure and even death in what is known as Chagas Disease.
Residents of rural areas are at greatest risk from Kissing Bug bites, especially if they have thatched roofs or grass elements to their homes. This provides the perfect habitat for the insect. The upside to the Assassin Bug is that it eats other insects, so it is beneficial to farmers.
myrmecos
Hercules Beetle
The amazing Hercules Beetle can lift 850 times its own weight! This species is threatened because its rainforest habitat is rapidly diminishing. The Hercules Beetle lives in rotten tree trunks and eats fallen fruit and decomposing leaves.
If you live in Honduras, you may catch a glimpse of this insect, as they are fairly common there and hard to miss, topping out at almost seven inches long.
Geoff Gallice
Bullet Ant
Don’t let the Bullet Ant’s diminutive size fool you. This insect delivers a sting that’s so powerful it’s said to feel like being shot by a bullet. Some people have even described it as the worst insect sting in the world. Fortunately its bite isn’t fatal, but you won’t ever forget it.
Bullet Ants can be found throughout Costa Rica in nests of roughly 700 ants under bushes and trees. One hectare can hold as many as three nests. That’s a LOT of ants when their bite is that nasty!
Marciani
Thorn Tree Hopper
Sadly, the Thorn Tree Hopper only lives a few months. This colorful and crafty Tree Hopper sports a protuberance on its back that looks just like a thorn–the perfect camouflage for it’s prickly environment. Usually found at the edge of forested land, the Thorn Tree Hopper is more nimble than it looks and can both jump and fly away from predators.
Roachforum
Central American Giant Cockroach
This is another tropical bug that likes dark, moist spaces. The Central American Giant Cockroach eats decaying plants, bat guano, and fruits, as well as dead animals and insects. One of the largest insects in the world, this monster can grow up to ten centimeters long.
Some people find these kinds of bugs super creepy, but others think they’re really interesting. If you’re in the latter category, Latin America is the place to be, as there are millions of bug species you could spend your whole life researching. If you’re just getting interested in entomology, these stunning photos of bugs will help you identify common species.
Lviatour
Giant Helicopter Damselfly
Another extra-large bug, the Giant Helicopter Damselfly can reach over seven inches in length. It has two sets of wings, which allows it to both hover and move in multiple directions–all the better for catching its favorite diet of mosquitoes.
It’s not the nicest insect to its own kind, however. Young naiads kill each other vying over their watery habitat in tree holes, until there is only one juvenile damselfly to every liter of liquid.
Bandwagonman
Leaf-cutter Ant
One of the coolest insects ever, the Leaf-cutter Ant works in colonies that perform “task partitioning,” completing jobs like a miniature assembly line. Their workers, soldiers and queens divide and conquer when it comes to defoliating plants and trees–one of the reasons they are also unfortunately considered a crop pest.
Because of Latin American deforestation, the Leaf-cutter Ant has adapted to forest gap lands, often moving from the rainforest into plantation or farmland. If you are lucky enough to see these guys in action, be sure to take some pictures, or better yet a movie, to capture their incredibly well-organized work methods.
The Latin American tropics are full of wondrous creatures found nowhere else on earth. Help protect their natural habitats, and they will be around for a long time for us to enjoy–from a distance, of course.
Opportunity for growth, adventure, and a unique tropical lifestyle await expats and investors in Portoviejo, Ecuador. This growing city, the sixth largest in the country, blends contemporary living, a rich history, and plenty of opportunities to enjoy outdoor exploration and activities.
Portoviejo, Ecuador
As one of the fastest emerging retirement destinations, Ecuador’s Pacific region has become a focal point for expats and investors. Portoviejo’s location and role as the capital of Manabi Province has become a hub for those seeking to find a tropical respite with investment possibilities.
Portoviejo – Then and Now
Founded March 12, 1535 by the Spanish captain Francisco Pacheco as “Villa Nueva de San Gregorio de Portoviejo,” on the Pacific coastline, Portoviejo is one of the oldest cities in Ecuador. It was actually moved inland some thirty kilometers to its current location in 1528 as a result of repeated conflicts with the indigenous tribes in the area.
Portoviejo, Ecuador is also known as the “City of the Royal Tamarind Trees.” These beautiful trees are found in abundance in and around the city and are a source of pride to locals.
As the principal commercial and governmental center of the Portoviejo River Valley, Portoviejo has become the hub for agricultural processing in the region. In addition to tropical fruits and vegetables, coffee production, fishing ,and cattle ranching are also prominent in the area.
In spite of economic setbacks in the 1980s and 1990s, Portoviejo has rebounded and looks to continue its recovery as expats and investors discover the opportunities that are waiting there. In a very real sense, the motto of Portoviejo captures this “can do” attitude: Portoviejo se Levanta Querer es Poder (English: Portoviejo rises, to want is power).
Fun and Games in and around Portoviejo
The Manabi province has many activities that can entertain and educate expats and visitors alike. With beach towns like Crucita, Jaramijo, and Manta in close proximity, Portoviejo is an ideal jumping-off point to explore and experience the Pacific coast of Ecuador.
Manta and the Nearby Beaches
Manta is the second largest coastal city in Ecuador and has a vibrant ocean-driven culture. It is thought that Manta is home to the largest fishing fleet in South America and proudly proclaims itself as “Tuna Capital of the World.”
Being only 23 miles from Portoviejo, Manta’s beaches are readily accessible from the city by both car and bus. There are two beaches to the north and west (Barbasquillo and El Murcielago) and three to the east (La Poza, Los Esteros and Tarqui).
There are several other beach locations in the area. One of the most popular is Playa San Marianita; this is not only one of the most “family friendly” beaches but also recognized as the most popular location for kitesurfing in Ecuador.
Eco-Friendly Experiences
Roughly an hour’s drive from Portoviejo is Machalilla National Park. This preserve features beaches, two islands, a fog forest, and a dry forest. With so many ecosystems to experience, the park has become one of the Pacific region’s major attractions.
A different kind of eco-experience can be found just outside of Portoviejo in the nearby village of Sosote. Here artisans make handcrafted items from Tagua nuts. Tagua is a palm nut similar to ivory and used for a variety of carved items. Known as “palm ivory,” this fruit of the palm tree is viewed as a viable and more ecological alternative to using elephant tusks or other sources of ivory.
Getting to Portoviejo
Since Portoviejo does not have an international airport, most visitors begin their journey by flying into Quito. From there, TAME, the domestic airline of Ecuador, flies a single scheduled flight daily to the small regional airport (Reales Tamarindo Airport) just outside of the city.
There are regularly scheduled buses that run from Quito and Guayaquil as well as private shuttles and rental cars. The driving time can be somewhat lengthy but is an adventure in and of itself.
Leyton Loor
Budgeting for Expat Living in Portoviejo, Ecuador
As the sixth largest city in Ecuador and a governmental seat (capital city of Manabi province), prices in central Portoviejo for housing and amenities are somewhat higher than the less-developed regions in and between the city and beach areas. The trade-off is that the amenities and services in central Portoviejo are more established and closer in standards to similar-sized communities in the U.S.
Like most areas, the location and size of a residence are major factors in the cost, whether purchased or rented. Availability is another factor in determining how much a particularly property sells or rents for.
The Real Estate Market Has Rebounded
Following the financial crisis in 2008, Portoviejo, like many other communities in Central and South America, has experienced a resurgence in the real estate market. Prices are still lower than in Quito or Guayaquil and also include commercial units as well as residential units.
Potential buyers and investors can find a selection of completed properties that range from rustic, traditional Ecuadorian style homes, to luxurious beachfront villas. There is also the possibility of finding lots ready for development and working farms for individuals seeking a different lifestyle with a strong potential for return on investment.
Rents can run the gamut for as little as $200 per month to over $1,000. Apartments in the center of Portoviejo with modern amenities are naturally at the higher end of the spectrum. Single family homes may run even higher depending on whether or not they are in a gated community.
Shopping, Utilities, and Medical Expenses
Utilities such as electricity, water, heat, and garbage can run in the $25 to $60 a month range depending on usage. The cost for internet and cable TV/satellite service, while varying by plan, can be estimated in the area of $30 to $70 per month.
Groceries and food are difficult to estimate as tastes vary from person to person. Buying local produce and meats is certainly a more budget-friendly option that the higher-priced imported items.
Durable goods, such as appliances and vehicles are, as might be expected, high-ticket items due to the import fees and taxes. By way of example, a vehicle costing $25,000 in the U.S. might run $30,000 or more in Ecuador.
One area that is certainly budget friendly is medical expenses. Portoviejo, like other major Ecuadorian cities, offers quality health care at significantly lower rates that its North American counterparts. Health insurance can also be purchased from Ecuadorian carriers at much more affordable rates than one might expect. The city is also home to the cancer treatment hospital “Dr Julio Villacreses Colmont.”
La Hora
Further Considerations about Expat Life
Portoviejo and the entire Manabi province certainly provide opportunities to create and personalize a tropical retirement. There are some realities to take under advisement before committing time and resources to a move.
First and foremost is the fact that, while the expat community is growing, the number of expats in and around Portoviejo is small. As a result, language and cultural difference could become barriers that detract from the lifestyle you were hoping to find.
Second, developing property (as opposed to buying/renting a completed structure) can be challenging in a variety of ways. If you aren’t comfortable with having to deal with the myriad of issues that building your own home can bring, this may not be the best choice for your future getaway.
Lastly, it is important to remember that many of the items and conveniences found in the U.S., Canada, and Europe are either unavailable or difficult to find in the region. Again, if having access to these things is important, you should ask yourself whether not having them would be a deal breaker.
Finding Out If Portoviejo Is a Good Fit
There is no substitute for going to the city, experiencing what life is like there, exploring the region and then seeing how the reality matches up with the dream. You may just discover that, like Portoviejo’s motto says: to want is power.
Map of Portoviejo, Ecuador
Portoviejo, Ecuador Fast Facts
- Population: 207,000
- Typical temperature: 72º F.
- Major airports with U.S. flights: José Joaquín de Olmedo International Airport – Guayaquil, Ecuador .
- Nearest U.S. consulate: Guayaquil
Pristine beaches, adrenaline-fueled activities, and a favorable economic environment are combining to make San Clemente, Ecuador one of the more promising growth locations for investors and expats. This sleepy fishing village of some 2,000 inhabitants could well become part of the next “Gold Coast” in Pacific Latin America.
San Clemente Beach
Ecuador has made dramatic strides to attract expats and investors. With continued improvements to infrastructure and better access to popular coastal areas, interest in the central Pacific beaches promises to increase tourist traffic as well as those seeking investment benefits or an expat paradise.
The Beaches of San Clemente
There are no fewer than seven distinct beaches between San Clemente and the neighboring bluff known as Punta Bikini. Although each one is named separately, they are actually one continuous stretch of unblemished sand.
In addition to the extreme sports that thrive up and down the central Pacific coast, the sands around San Clemente are sun-kissed most of the year, broad, and not crowded; a perfect location for families and those seeking the tranquility of the ocean front.
San Clemente’s Cultural Connection
Visitors to San Clemente also have the opportunity to experience the Manteña-Guancavilca culture. This pre-Columbian civilization flourished in the region from roughly 600 A.D. until the Spanish arrived in 1532-34.
Noted for their skill in raft building and fishing, (much like their modern descendants) the Manteños worshipped the goddess Umiña whose symbol was a large emerald. Umiña was also worshipped in Peru by the Incas; this would appear to show a connection between the two groups.
There are several archeological sites in Manabi where artifacts of the Manteños have been discovered. The most important site is Agua Blanca–believed to be the capital of the Manteña culture.
Located in the Machalilla National Park, roughly an hour’s drive from San Clemente, Agua Blanca is the location of a number of artifacts from these ancient people. Learning about the Manteños and how they lived gives a unique perspective on how San Clemente’s past is shaping its future.
Improving transportation options make getting there less stressful
While there are no international flights directly to the central Pacific, regular flights into Quito have dramatically improved access. With direct flights from Quito arriving at both Manta and Portoviejo, getting to San Clemente has become significantly more convenient. Car or bus travel from either city is a short ride lasting under an hour.
Lower costs make for better budgeting options
While rental properties are limited in San Clemente proper, nearby communities such as Manta or Crucita have a larger selection. Rents outside of metropolitan areas can be as low as $250 per month with utilities averaging under $50 per month; being on the beach can result in higher costs for air conditioning.
As might be expected for a small village, shopping options are limited. Fortunately the larger towns of Manta and Portoviejo are close by and offer many options for groceries and other items.
The Potential Upside for Investors in San Clemente, Ecuador – A Comparison
San Clemente, Ecuador and other beachfront communities on the central Pacific coast today are reminiscent of Costa Rica in the latter part of the twentieth century. Comparing the two regions side by side is a great way to see the possibilities that San Clemente holds for investors and expats looking for new frontiers to conquer.
When the surfing movie “The Endless Summer II” came out in 1994, it introduced Tamarindo and the surrounding beach towns to the rest of the world. The development that followed along the northern Pacific beaches (Playa Hermosa, Playa Flamingo, Playa del Coco, and Playa Langosta) quickly earned the region the title of “Costa Rica’s Gold Coast.”
San Clemente finds itself in a similar situation today. The Manabi province has become a magnet for adventure sports like hang gliding, paragliding and kitesurfing, much like surfing was for Costa Rica.
Centrally located between Manta and Crucita to the south and Bahia and Canoa to the north, this small fishing village is an ideal location for tourist-centered businesses as well as idyllic beach living.
Favorable market values and real estate laws enhance desirability
With so much undeveloped property available, San Clemente’s market is wide open. Additionally, foreigners have the same property rights as native Ecuadorians; in fact, residency is not a requirement to property ownership.
The only limitations on location are those pertaining to the National Security Areas within 50 km of the borders or coastline. Since San Clemente is a beach village, consulting a real estate attorney to ascertain the status of the parcel being considered is strongly recommended.
Since 2000, the U.S. dollar is the official currency in Ecuador. Without having to navigate issues like conversion values, exchange fees, etc., real estate and commercial transactions become much easier than elsewhere in Central and South America.
One example of San Clemente development
Developers have begun to recognize the potential of the San Clemente area for resorts and multi-unit residences. With the Manta airport just a 40 minute drive away, the Vistazul Townhouse project is an excellent example of the return on investment that can be expected.
Consisting of 70 units spread over a 12 acre site, the low density (25% of the property used for structures) maximizes privacy and “green space.” Located next to a new resort, the Parmazul Artisan Spa Hotel, residents also have the benefits of access to hotel amenities as well as the natural beauty of the beach just 200 feet away.
Before You Go, Consider These Facts
For all the promise that San Clemente holds, it is important to remember that it is still a small fishing village with limited resources and infrastructure. Rustic living may not be for everyone, so deciding if modern amenities are necessary is an important first step to take in deciding whether or not to commit time and money.
With very few expats in residence, the primary language for business and day to day living is Spanish. If having to interact in a foreign language is bothersome, this may not be the best option for a retirement mecca or expat escape.
Life moves at a more casual pace in Latin America and in beach communities in particular. Building projects are apt to take longer than planned for and, as a result, can throw off schedules. Dealing with this kind of uncertainty is not something that everyone is comfortable with.
Ecuador’s “Gold Coast” may be the answer for expats and investors who want to be part of something new and exciting. Visiting San Clemente, walking the uncluttered sands, and immersing yourself in village life is the best way to understand if this is the doorway to the next “endless summer.”
Pavones, Costa Rica has been and always will be a haven for surfers from all across the globe. But this destination, once considered the “end of the road” in Costa Rica, is literally riding a wave of promise in terms of investment potential and expat desirability.
pavonessurf
The Casual Appeal of Present-Day Pavones, Costa Rica
Life in Pavones de Golfito encompasses the best of rustic Costa Rica. This tropical beachside paradise on the south Pacific coast serves as the perfect backdrop for peaceful living accompanied by some of the world’s best surfing. Given its remote location in Golfo Dulce-Pavon Bay, close to the border with Panama, surfing aficionados will find a quiet beach community to unplug while surrounded by the nearby Conte Burica rainforest reservation.
Bonus: Check out thousands of Homes for Sale in Costa Rica
Built around a town center of just one square block, this is the perfect surfing town for those seeking a beachside escape. The beaches in Pavones are considered some of the most spectacular beaches in the country with their distinct black shoreline, green ocean water, unusual rock formations, and the lushness of the surrounding jungle vegetation.
With only a handful of local businesses including two small markets, a hardware store, several restaurants, one beachside bar, and three internet cafes, the town offers visitors the opportunity to relax and meditate while absorbing the pura vida lifestyle of tropical Costa Rica. It also offers a wealth of investment opportunities for those interested in the tourism sector.
There’s More to Do There Than Surf
You can’t talk about things to do in Pavones, Costa Rica without starting and ending with surfing. It is, after all, the home of the second largest left break in the world, which forms a legendary wave that spans approximately two kilometers and allow surfers to ride for 2 to 3 minutes.
These astonishing swells attract surfers from around the world in March and April when surfing conditions are at their prime. Due to the size of the waves, however, this is not a recommended surfing site for beginners. For easier and less crowded options, surfers can also take their boards south of Pavones to Punta Banco or Punta Burica.
Other hobbies enjoyed by Pavones residents and expats include stand-up paddle boarding, kite surfing, as well as whale and dolphin watching. You can take a horseback ride to the Indian reservation “La Hierba” or nearby Langostino Beach or go snorkeling in the Rio Coto. Yoga is also a popular pastime with several yoga centers and retreat centers in town.
The slow growth in Pavones has most certainly, at least in part, been the result of the difficulties in accessing this beachside retreat. But access to Pavones continues to improve. It’s a rather long (seven hours) drive from San Jose on mostly unpaved roads. However, the area is seeing more and more pavement to help bridge that gap as the years go by.
A much faster option is to take the one-hour flight to Golfito from San Jose, followed by a two-hour bus or tax ride on to Pavones. Such transportation is frequent and relatively affordable, making accessing Pavones from the rest of the country easier than ever. It’s also more connected in terms of technology with high speed internet now available in most areas.
J. Wolfe
The Landscape of Pavones, Costa Rica
While the road to Pavones may be long, it certainly isn’t lacking in natural beauty. The roads are lined with tropical flora such as lilies, hibiscus, and birds of paradise. These are set into a dense backdrop of tropical greenery which contrasts nicely with the town’s dark gray sand beaches.
During low tide, the receding waters uncover piles of rocks and shells that are great for climbing and exploring. Pavones is also a great place to see a number of species of birds, such as parrots, toucans, and scarlet macaws. Wild horses and turkeys (pavos) also abound in the area.
Pavones is a great destination year-round. But its appeal is definitely different during each of the two main seasons. As the weather in Pavones makes it a bit two-sided. The peak of high season for the town is in March and April when the surfing is at its best. These fall during the dry, sunny season (roughly December to April) where hardly a drop of rain may fall.
By contrast, the months of May through November are cooler with more rainfall, starting with the occasional afternoon shower and becoming what can turn into days or even weeks of constant downpours as the season progresses.
As a result, Pavones is perfect for the active, beach-loving expat for most of the year. During the months of heavy rain, it’s a great place to relax, recharge, and connect with nature.
A. Roberts
The Future of Pavones, Costa Rica Real Estate
After decades of buzz from only surfing aficionados and tourists, signs are pointing to a renewed interest in Pavones real estate. Within recent years, several large tracts of land have been purchased by investors and developers, which is a great indication of things to come.
Already a number of modern homes have been constructed. Hotels have undergone renovations and upgrades. As a result, their occupancy has increased. And it’s generally true that when more and more visitors begin to frequent a destination, undoubtedly a growing number of them will decide to stay.
As a result of the renewed interest in Pavones, it has the potential to be a rather profitable venture for those wishing to live or invest in the area. While land prices are relatively low, savvy buyers can still score a great deal on prime real estate that they could later sell to a developer or develop themselves.
It’s also a great opportunity to buy tropical real estate to build your dream home in a few years from now, once the influx of tourists and residents to Pavones has resulted in even more improved infrastructure and amenities.
Waugh
The Wave Will Always Be There
One thing that’s true of Pavones, Costa Rica is that, while the attractions of other hotspots may ebb and flow in their popularity, the world-class surfing is here to stay. No matter how fast or slow development moves along in Pavones, the wave that first attracted people to the area will continue to do so for years to come.
Map of Pavones, Costa Rica
Pavones, Costa Rica Fast Facts
- Population: About 2,500 in the area
- Typical temperature: 89 degrees Fahrenheit
- Nearest airport with U.S. flights: San Jose, Costa Rica
- Nearest U.S. consulate: San Jose, Costa Rica
Alba Sud Fotografia
Why Nicaragua Real Estate Is Top of Mind (or maybe not)
What have you heard lately about Nicaragua real estate opportunities? Can you imagine what it would be like to retire there?
Just close your eyes and see what you can remotely picture in your mind. Certainly you can picture warm water, tropical winds, and sunny ocean beaches; most definitely fishing and surfing, and all that comes with laid-back island life. These images so far may remind you of SoCal or Hawaii.
But then your mind wonders. Who really lives in Nicaragua? Is it safe? How remote or accessible is it? What about the economy? How politically stable is it? What would it be like to live there?
What you probably didn’t imagine are pristine coastal properties surrounded by untouched lush jungle that some Nicaragua real estate investors predict will increase in value up to five hundred percent in the next few years. The country remains approximately eighty percent undeveloped.
What’s New in Nicaragua
Nicaragua is Central America’s largest country, but one of the least populated. Why? Because few people are lucky enough (or brave enough) to have discovered it. This wild tropical paradise with a very stormy, dark history now sees a peaceful and bright green future. Inspired by its two neighboring tourist and retirement destinations – Panama and the “Oh-so-hot” Costa Rica – Nicaragua is finally getting it right.
The Nicaraguan government is heavily invested in targeting foreign investors, namely North Americans. Interior road construction projects, shopping malls, improved water and sewer systems, hospitals, and new transportation initiatives are all underway.
Nicaragua’s good news is spreading quickly. Conde Nast Traveler calls it an “exciting emerging destination” and names Nicaragua a top ten destination to watch in 2014. Nicaragua’s new safe and friendly appeal, unspoiled quiet beaches, lush tropical rain forests, exotic wildlife – and of course, lovely Lake Nicaragua – are all good reasons to visit. Did I mention you can get there in about three hours from the southern U.S.?
But there’s more you should know about investing in Nicaragua.
Why You Should Buy Real Estate in Nicaragua
Living Costs Are Low
Can you live on social security alone? You can in Nicaragua! In 2010 AARP named Nicaragua one of the best places to retire abroad, largely due to the low costs associated with housing and food. Now, with the government’s dramatic infrastructure improvements and Nicaragua’s Retiree Benefit Program, you get even more for your buck today.
Nicaragua’s retirement benefits for expats are the most favorable in Central America. It’s no longer a secret that Nicaragua is poised for strong economic growth as a top retirement destination and expat mecca.
Timing Is Right and Real Estate Is Still Affordable
Nicaragua’s tourism is steadily on the rise, and so follows the demand for Nicaragua real estate. If you’re looking for an “early-in” investment opportunity, your timing couldn’t be more right. Modern infrastructure and political stability are accomplished. New resorts and eco-lodges are popping up throughout the country. The economy is thriving.
And, yes, the opportunity still exists to purchase your dream at an affordable price. The “mango on top” – Nicaragua has few restrictions on the purchase of real estate relating to foreign investment. According to the Bomchil Group (an Association of Latin American Law Firms), foreign investors have the same property rights as local investors.
Jason Wesley Upton
Culture and Lifestyle Is a Bit Hard to Beat
Nicaragua is known as both the “land of poets,” and the “land of lakes and volcanoes.” The name means “here united with the water.” Nicaraguans thrive on freedom and independence. They’re a creative, vibrant, and happy culture bound by religious freedom, tolerance, and community.
Religious celebrations and cultural festivals draw huge crowds and can last for days. In a “coconut shell,” life in Nicaragua is as simple as you want it to be. The best part is, you choose it.
You can catch a Tarpon, hike a volcano, surf The Boom, or lounge on the beach. Relax in your hammock and read a book, go to a baseball game, or learn to play the marimba and dance The Mestizaje.
If you long for something more than recreation, fiestas, and quiet time, you can always volunteer in your community or start your own business.
Nicaragua’s Best Real Estate Options
The hottest Nicaraguan retirement destinations right now are the colonial cities of Granada and Leon, the capital of Managua, and most notably the southwestern corner of the Pacific coast around San Juan del Sur, where beachfront property options abound.
Craig James
Granada
Situated just 27 miles from Managua on the shores of Lake Nicaragua, Granada is the oldest city in the country. Picture a lazy day in a Spanish colonial town, cooling Lake Nicaragua breezes, historic buildings with red tile roofs, 17th century cathedrals, and treasure-filled museums.
You can smell the aroma of your favorite European dish. You’re preparing to go kayaking and volcano hiking. This could be why Granada is one of the fastest-growing tourism areas in Nicaragua.
Ben Beiske
Leon
The primary northwest city and agricultural capital of Nicaragua, Leon is also a colonial town filled with historic architecture, ruins, ancient cathedrals, and eclectic museums. But what makes it most unique for Nicaragua is, it’s a thriving university town full of cafes, shops, and students.
Property here treats you to impressive views of Momotombo and Momotombito volcanoes. You will get to know Cerro Negro, the youngest volcano in Central America.
Managua
Managua is the spot for you if you enjoy the convenience of big city life. It is the nation’s hub for residents and visitors alike. You can easily take excursions from here to any destination in the country.
Aside from city life, you’ll enjoy your frequent visits to Masaya Volcanic National Park and the Masaya craft markets, beach resorts, and Montibellli Nature Reserve.
Jivika
San Juan del Sur
Think sand and surf on the Pacific coast near Costa Rica’s border. San Juan del Sur is Nicaragua’s most popular surfing destination and beach town. If you love fishing, fresh seafood, and surf, you’ll be in good company.
San Juan del Sur is the country’s most famous tourism destination and has already attracted its fair share of foreign investment. Kick your shoes off and slow down. There’s no “hurry” here.
As expat destinations go, Ecuador has been a favorite in recent years due to its unmatched scenery, friendly locals, and bargain properties. The combination of these factors makes it an incredible option for expats and investors who are looking for a great return on their real estate dollars.
There are beautiful beaches, quaint colonial gems, and bustling cities with all the amenities you’d find even in a much more luxurious locale. Most areas have been growing steadily over the past few decades, but recent years have seen an even greater demand for properties as more and more expats are discovering the benefits of living and investing in Ecuador.
Darly N. meyer
Consider Ecuador’s Coast
Of particular interest are the areas along Ecuador’s coast, like the resort town of Salinas. With its glittering high-rise buildings and well-developed tourist infrastructure, it’s been nicknamed “Little Miami” for its similarities to the South Beach scene.
It also enjoys a surprisingly mild climate, despite its proximity to the equator. As a result, tourists flock there from all over the globe to enjoy the beautiful weather during the peak season, typically November to April.
However, even during the winter months, there are still a number of Ecuadorians who come to Salinas for a quick getaway. It’s frequented by families, who often come during June to September when the kids are out of school, and is even a popular honeymoon destination.
Its status as a tourist mecca also provides extra incentives for investors. Since many of its visitors are seasonal or weekenders from nearby Guayaquil, there’s great potential for rental income for those who don’t plan to live there year-round.
In fact, it’s not at all uncommon for expats to own multiple properties in Ecuador: a beach property to enjoy when the weather’s nice, a mountain retreat for escape, and maybe a condo in the city for taking in some cultural events.
Johnny Gustavo
An Expert Weighs in on Ecuador’s Real Estate Outlook
We recently learned a little more about the current real estate trends in Ecuador when we spoke with Kimberly Kagan, Managing Director of Island Estates International, who represents properties on Ecuador’s coast as well as throughout the country.
Who are your main clients who are currently buying property in Ecuador?
Mostly North Americans, from the U.S. and Canada, although we also have buyers from countries throughout Europe.
What trends have you seen in Ecuador’s real estate market in the last couple of years?
A tremendous increase in demand. There are more and more people retiring here than ever before. Prices have been on the rise, to the tune of 10 to 15% versus 5 to 6% in the past.
What do you anticipate happening in the next couple of years and why?
I have confidence that the market will remain healthy for the next couple of years. I do believe that more and more people will continue to look towards Ecuador as an option. My biggest fear is that, due to the rising prices, fewer retirees will be able to afford the properties. However, we are also noticing more and more young people moving down to Ecuador much earlier than they have in the past.
Pool area at Alamar on the Malecon
What types of properties (i.e. land, homes, etc.) offer the best deals in coastal Ecuador?
Many people choose condos as their best option for several reasons. They require little upkeep. They have 24/7 management and maintenance in most cases. Also, we see a lot of people who are looking to rent during the winter months, so condos are very good rental options for those clients who choose not to live in Ecuador full time.
What are some of your best deals right now?
I have a listing for a penthouse unit in a great condo building overlooking Chipipe Beach. It has 4 bedrooms, 5 baths, and comes fully furnished with exquisite furniture and high-end finishes. It’s almost 3,000 square feet and has an amazing spacious balcony that offers one of the best views in Salinas. It was just reduced $80,000 down to $495,000, a steal for such an incredible property.
I also have another fully furnished unit in a really great building with coveted amenities like a gym and theater room. It has 3 bedrooms and 2 baths. It’s currently listed at only $150,000, making it the least expensive property in this desirable building.
In addition, we also have over 150 rentals. That’s another great option for folks who want to give the area a try before they commit to anything permanently.
So whether you’re looking for your forever home in Ecuador or a property in a desirable area to generate some rental income, take a look at what’s available on Ecuador’s coast. If beach living isn’t for you, there are plenty of other options available in the country’s interior.
From both an investment standpoint and a choice in lifestyle, you won’t regret staking your claim in Ecuador.
Can you count on one hand (or with only one finger) the number of relaxing days when you’ve spent time alone this year? Are you at peace with your relationships? How would you score your creativity and peace of mind?
If you didn’t like your answers, you are not alone, literally! You are likely suffering from lack of solitude. Find a quiet place, free of distraction, and read this article. I’m going to explain why time alone can change your life.
Pete
The Power of Solitude: Why you need to spend time alone
Psychologists have diagnosed our technology-driven society “terminally out of touch.” Studies suggest that we’re not spending enough time alone–thinking, feeling, sensing, and observing our inner being. As a result, our personal relationships, our mental and physical health, our social skills and cognitive functions are all ailing. If we spend more time alone, psychologists contend, we can drastically improve and enhance all of these areas of our lives.
You may be thinking, “Wait a minute, if I’m isolated and lonely, I’ll feel worse, not better!” If that’s the case, you should read on to better your understanding of exactly what solitude means.
What solitude is (and is not)
Isolation is not the same as solitude. Likewise, alone is not the same as lonely. When you are lonely, you feel a void inside, unhappy. In contrast, when you are in solitude, you feel content and happy. Maybe it’s on your own private island or in a bustling city. But rest assured, you can find it.
“Solitude” does not imply you have to camp in the wilderness for days all by yourself. It’s true you can create space to be alone, in the company of others. Just stop doing for others and focus solely on yourself for a period of time. Voila! You’re on your way.
Solitude can cure what ails you
“Tidal pools, empty fields, mountains, trees, and oceans evoke peace and contentment. Something sacred fills these open spaces,” says Psychologist Ester Buckholz, in The Call of Solitude, Psychology Today. “Meaningful solitude allows you to connect with others in a far richer way.” Meaningful alone time, she says, “is a powerful need and a necessary tonic in today’s rapid-fire world.”
Are you ever irritable, but don’t know why? Next time you feel that way, take quiet time out to focus on your inner thoughts, feelings, physical sensations. You may be surprised what your insights reveal.
As you become more self-aware, you will become more curious and creative. When you find yourself in conflict with your spouse, friends, co-workers, or family, take time alone to reflect and contemplate. A few minutes of solitude can provide plenty of answers for what ails you.
Bronwyn May
Solitude is like a vacation.
Put work aside and make time to discover, relax, and recharge. Be creative and engage in activities that make you happy. “I’ve learned to create little islands of solitude in my daily life,” writes Kendra Kennison in her Oprah.com article, “Why You Must Have Time Alone.” The search for solitude leads to new experiences. Have you ever been on vacation some place that you didn’t want to leave?
Vacation time has inspired many people to purchase a second home in their favorite vacation spot, or to move there full time, searching for a place to escape–searching for a simpler life from the hectic world they live in. “A big part of being fulfilled and happy is in the choices you make. One of those decisions is where you spend your time,” says Josh Linnes, Co-Founder, VivaTropical.com.
Stepping out of society is good for the soul.
Are you feeling the need to escape from your frenzied world? If so, you have a lot in common with most of our society today. The time you spend “wired” to others has most likely increased. Your outdoor time, and alone time, have probably decreased. I’m willing to bet your modern life has most definitely become more complicated.
Once you learn to enjoy purposeful solitude you will experience cognitive benefits, like enhanced focus, memory, creativity, and concentration. Some studies suggest that time alone can result in lower rates of depression and increased self-esteem.
Craig Sefton
Where you can find it.
As you can see, finding solitude is more about your state of mind, not your actual physical location. Although a change of venue, particularly to someplace quieter where you can be in tune with nature, can certainly help. Here are some examples of where you can find solitude:
- In a crowd. Take an art walk through the city by yourself.
- With your spouse. Reflect, imagine, contemplate–while your spouse reads a book.
- At the computer. Research a new interest. Seek inspiration and knowledge.
- In creativity. Draw, paint, sketch, write, learn a new language, a new instrument.
- In travel. A local destination, Panama, Costa Rica, Belize? Go relax, recharge.
- In nature. Pull up a rock, stick your feet in the water, and listen to the unique sounds.
- If all else fails, you can always buy an island.
Hopefully these ideas will inspire you to find your own place of solitude. For business partners Park and Josh, their quest for solitude was a little bit more radical. Disgruntled with life in the U.S., they left it all behind. With families in tow, they set out to find a fortress of solitude in Latin America, and ended up buying an island. They can tell you precisely Why Island Living Isn’t Right for You (Or Is It?).
Certain that there might be other like-minded individuals who were searching for the same opportunity to slow down and get back to the basics, Josh and Park began working on their Adventure Colony concept. “Adventure Colonies are meant to be an escape from the rat race and encourage new, daily routines. Simplify your life, increase your relationship with the outdoors, and recharge your mind and body.”
If you feel the need to escape, relax, recharge, you might want to carve out a regular place you call home. Download our book to read more about Adventure Colony. It’s free.
Find your own fortress of solitude.
Heredia, Costa Rica has a unique combination of a rich historical past, relaxed country-style living, and the convenience of a Central Valley location. As one of the most desirable destinations for expats and investors in the country, Heredia has a great potential for return on initial investments with the amenities of a modern, developed community.
With so many options available, Costa Rica continues to be a prime expat destination. Heredia is one such location that can satisfy the desire for a less hectic existence without sacrificing modern conveniences.
Samuel Anugual School
Heredia’s Historical Roots
Long before the Spanish arrived, the area in what is now present-day Heredia was occupied by the indigenous Huetares led by a prominent chieftain, Garabito. Throughout much of middle 1500s, Garabito contested the area with the Spanish and today is viewed as one of the best known tribal leaders in Costa Rica.
In 1706, Spanish settlers established a church known locally as Alvillria. A decade later, this small settlement was moved north to a location known by the Huetare name of Cubujuqui. The community continued to grow and in 1763, was given the status of “villa” and renamed Heredia in honor of the president of the Audiencia of Guatemala, don Alonso Fernández de Heredia.
Following independence from Spain in 1821, Heredia along with Cartago decided to become part of the new Mexican government while the other two major cities, Alajuela and San Jose wanted to be independent. A short civil war resulted in a four year rotating capital city arrangement.
As a result, Heredia became Costa Rica’s capital in 1835 until the arrangement was rescinded some years later.
City of Flowers
Heredia’s nickname is the “City of Flowers.” The lush gardens and wide variety of stunning flora in the area are said to be the inspiration for the name.
There is a second version that states that the correct nickname is actually the “City of Flores” after a prominent political and social family who lived there in the 19th century. A third, and more romantic origin, is that the city’s name comes from the beauty of its women.
Mario André Cordero Alfaro
Heredia Today
Heredia has become an important hub in the vibrant Costa Rican economy. A number of technology companies have made their home in the area, adding to the prospect of growth in the future.
Additionally, Heredia is also the location of the National University and several Spanish language institutes. The combination of instruction and immersion in Costa Rican culture holds tremendous potential for the future of the region and the country as a whole.
Tico Timess
What Makes Heredia, Costa Rica a Great Investment
Heredia has some unique qualities that enhance its desirability as an investment location. Expats have long known that this Central Valley gem has an intrinsic value as well as a great potential for a positive return on their initial expenditures. Here are some of the highlights:
Reasonable Cost of Living
The cost of basic utilities in Heredia compares favorably with other Central Valley communities. The range for electricity, water, garbage, and internet/cable is a reasonable $104 to $120. Importantly, more moderate temperatures means not having to use air conditioning (a major factor in electricity costs) as much.
Being located just ten kilometers from San Jose, Heredia has a wide variety of properties for sale or rent. The choices can range from small “tico style” houses to modern condominiums to luxurious single family mansions.
The amount needed to rent or purchase is a direct reflection of the location (city center versus more rural), type of property (single family or multi-unit) and amenities included. Locations further away from the major metropolitan area are more economical than those closer to the major centers of Escazu and San Jose.
It’s All About Location
Heredia is, literally, in the heart of the action in the Central Valley. Close to the major metropolitan areas of San Jose, Escazu and Alajuela, shopping and entertainment are within easy reach.
Located in the foothills of the now-extinct Barva Volcano, Heredia still retains its essence as a quiet community whose pace of life is not as hectic as its larger neighbors.
Close and Convenient
The Juan Santamaria International Airport is less than a half an hour drive away, making Heredia an easy destination for travelers from the U.S., Canada, and Europe. Rental cars, private shuttles, and public buses are both inexpensive and plentiful.
Heredia is also close to several of the most popular tourist locations in the country. The Arenal and Poas National Parks are home to two of the most stunning and most visited volcanoes in Costa Rica.
There are several coffee plantations located in the Heredia area offering tours and tastings. Various celebrations and the weekend farmer’s markets provide a unique opportunity to experience life the “pura vida” way.
Though not close to the beach, Heredia’s proximity to the airport makes flying to one of the beachfront communities along the Pacific an easy option. Both Sansa Air and Nature Air offer domestic flights to beachfront destinations like Nosara and Tamarindo.
Central Valley
Great Climate
The weather in Heredia is one of its most desirable features. With temperatures in the 75-80 degree range, the need for constant air conditioning is greatly reduced; a real benefit on the budget as well.
Language Is Not a Barrier
One of the most attractive features of Heredia (and the Central Valley in general) is the large expat community that lives in the area. While having some knowledge of Spanish is always useful, there are abundant English speakers in the area, making daily living that much less of a challenge.
Making the Most of the Money
Heredia, Costa Rica holds a great potential as a source of rental income for those who aren’t quite ready to make Costa Rica their full-time residence. Tourists and vacationers will find the Central Valley location, ease of airport access, and proximity to modern amenities a desirable alternative to staying in a hotel. With the growing number of internet-based resources, gaining a strong return on the initial investment is easier than ever.
Map of Heredia, Costa Rica
Hererdia, Costa Rica Fast Facts
- Population: 13,500
- Typical temperature: 70 degrees Fahrenheit
- Nearest airport with U.S. flights: San Jose, Costa Rica
- Nearest U.S. consulate: San Jose, Costa Rica
Have you ever joked around about having your own island, as if you were a James Bond villain or a billionaire business mogul? Well, the idea isn’t nearly as far-fetched as you might think.
Whether you’re looking to retire in beachfront luxury or completely drop off the grid, you can do it on your personal Central American island. And by buying an island in Belize, you can really have your cake and eat it too.
How so, you ask? Belize has proximity to the States and an easy learning curve for expats, as well as 450 islands, many of which are available for purchase. You can feel like you’re in the middle of nowhere and still be just a short plane ride away from friends and family.
Here’s a peek at what makes the idea of buying an island in Belize so attractive and what you should be taking into consideration if you’re thinking about island living.
Elaine
Buying an Island in Belize: the Basics
Before you even set a toe on any property, spend some time thinking about why you’re interested in an island residence and how you picture yourself living day to day. Are you envisioning a turnkey estate with a swimming pool, caretaker, and nearby neighbors or an undeveloped slice of jungle that you can shape, however minimally, into your own respite from the world?
In Belize you could have either, but it’s a matter of whittling down your needs and expectations, especially if looking at uninhabited islands.
You can read a more detailed analysis elsewhere on the site, but a few questions to ask out of the gate are:
- Are you interested in buying a home that’s already constructed or building your own?
- If you buy a house that’s already standing, are you willing and able to make renovations to it for aesthetic, functional, or weatherproofing reasons?
- What kinds of daily needs do you have? Could you live an hour or more from the mainland and get by with a boat drop of catch-as-catch-can supplies, or do you have certain dietary needs or medications you must have on a schedule?
- What are your utility requirements? On an island, you can run the gamut from no electricity to generator power to solar panels, or even an established power grid. Are you ready for satellite Internet? Pumping your own water? Be realistic.
CameliaTWU
Living in Belize
Belize is so close to the U.S. by plane that it’s easy to pop down to see why it’s so popular. The first thing you’ll notice, even from the air, is that it’s a small country (under a half-million people) with a huge amount of coastline. Preserving the environment is a major priority there, and it shows. With the Mesoamerican Barrier Reef in its backyard, Belize is a huge destination for divers and snorkelers.
Another reason Belize is such a big draw for expats is that it is an English-speaking nation, having formerly been British Honduras until 1981. All legal documents are in English, as well as schooling–great if you’re moving with young kids.
The Belize dollar is tied to the U.S. dollar at a 2:1 ratio, so you won’t see any wild fluctuations in the currency there like you do in certain South American countries. Belize’s stability extends to the political spectrum too; this peaceful and democratic country is known for being particularly solid in that regard.
WWolf4Max
Investing in Belize
Unlike some other countries, Belize makes it quite easy for foreigners to buy property there. In fact, there are no restrictions at all on foreigners buying property, including beachfront land, which is highly unusual.
While there is a 5% transfer or stamp tax on property purchases, this is offset by very low property taxes. This is in keeping with the extremely low overall cost of living there.
In spite of the reasonable living expenses in Belize, it continues to be a prime off-shore banking location, and it offers relatively high interest rates for those looking for a viable alternative to the U.S. stock market. When compared to the Bahamas, Belize has all of the investment advantages with a significantly lower cost of living.
Currently, real estate prices are low, but demand is increasing, and there is a large influx of European investors growing each year. This is an advantageous time to buy, as property is likely to go up in price steadily over the remainder of the decade.
JParker2005
Getting Your Ducks in a Row
If buying an island in Belize sounds intriguing to you, the first thing to do is head south and check out the range of habitat and lifestyles there and see what appeals to you. Be sure to get past Ambergris Caye, which is a luxurious vacation destination, but just the tip of the iceberg as far as true Belize culture is concerned.
You can enter Belize from the U.S. and many other countries with just a passport. If you plan on staying longer than a month, however, you’ll need to get a tourist visa. And if you want to become a resident, you’ll need that six-month visa as a place to start.
Let’s say you fall in love with an island and decide you want to make a purchase. Here are a few things to think about before making anything final:
- Does the seller have the legal right to transfer the property and documentation thereof? You want a clean title with your purchase.
- Does the government have any rights to beachfront land?
- Are there any current tenants or squatters that could make legal claim to the property?
- Can you obtain a full legal inspection of the property?
- What kind of infrastructure is there already, if any? Is there a fresh water spring? Access for landing boats?
While Belize law follows British Common Law and is substantially easier to understand than that of many other countries, it’s still imperative to get legal advice from someone who knows the local law inside and out. When land rights and your entire potential retirement are involved, you can’t be too careful.
If you haven’t decided yet whether or not Belize is for you, don’t worry–there are thousands of other islands for sale to tempt you throughout tropical Latin America.
And if you do end up buying an island in Belize, you’ll be in good company. Leonardo DiCaprio purchased 104-acre Blackadore Caye nearly ten years ago for the surprisingly low price of under two million dollars. He’s working with a well-known hotel chain to turn his island into an eco-resort to rival anywhere else on earth, which shouldn’t be difficult given the stunning scenery and balmy year-round climate of beautiful Belize.