In this episode Josh calls up his friend Rich Lipner, owner of Dos Jefes coffee farm in Boquete, Panama. Rich has been diligently producing his own coffee called Cafe De La Luna as well as giving coffee tours on his private farm. His knowledge is very high when it comes to the world of coffee.
Think of this show as your introduction to coffee growing as you hear from two passionate coffee drinkers.
In this episode, we discuss:
- Where is the best area on the globe to grow coffee.
- Perfect French Press, The exact time to wait before you press.
- What are the best ways to prepare coffee.
- Where the most expensive coffee in the world is grown, up to $300 a pound.
- Why you should ask where the beans come from at your local coffee shop.
And much more.
Listen to the show
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- Click here to subscribe via iTunes
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- Click here for the show archive
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Send us your thoughts any time in an email or comment below.
The Show Notes
Global Pacific
The decision to move abroad and join the thousands of expats who are living in Boquete, Panama, is an exciting adventure. But it can also be a bit daunting.
There are a million questions to answer and hurdles to surmount before you actually, finally find yourself living in your own tropical paradise. One of the biggest ones is the question of housing.
Renting is often the best option for those who might want to take their time finding a more permanent place to live. It’s also great for those who only plan to live in Boquete for a short time, like families who spend only a year or two overseas to experience other places and cultures.
Much like buying a home, finding the perfect property to rent can be a complicated process. But here are some great options and ideas to help simplify your search.
1. Walk the streets.
If you’re already on the ground in Boquete, one of the best ways to find a place to live is by strolling the streets in the area where you want to be. Look for “For Rent” signs. Check bulletin boards in grocery stores, restaurants, and other businesses to see if any ads are posted.
It’s a great way to meet people and get a feel for the area. It also allows you to immediately rule out any places that don’t look up to par.
2. Check local websites.
Even if a home exchange doesn’t work for your particular situation, local websites are a great resource when searching for rental properties. A few examples are Craigslist.com, Viviun.com, and Encuentra24.com.
Check these sites often for new listings, and follow up on all possible leads. Don’t rule out a potential property based on the posting alone. You never know what you might be able to negotiate if you just reach out to the seller.
In addition to searching, you can also try posting your own ad indicating what type of property you’re searching for. Post the same ad on all your social networking sites. You could have a friend who has a friend who has a property that fits your exact specifications.
3. Read blogs.
There are a number of local bloggers in Boquete who might have leads that can help you. Those sites are authored by folks who are right there on the ground. They have lots of knowledge they can probably share. You just need to ask.
A few local sites in Boquete are ChiriquiChatter.net and BoqueteGuide.com. The authors of this site also have a few connections to Boquete.
Kris
4. Try the local newspapers.
Most local newspapers, both Spanish and English, have classified sections with real estate listings. That’s another good place to find out about available properties. Most papers also have a website.
In Boquete, there’s El Visitante, La Prensa (the national newspaper), and El Informante (based in David). It’s also a great idea to place your own ad, much like with the classified sites.
5. Ask around.
In addition to asking friends and friends of friends, you can also reach out to Boquete locals on forums or by contacting members of expat clubs and organizations. You might come across someone who was toying with the idea of renting their property or stumble on a great listing before it’s even offered to the general public.
Boquete.ning.com is a great expat community site. Post a discussion or try reaching out to key people in the community.
6. Try a home exchange.
As times get tougher, many expats and travelers are looking to save a few bucks on costly hotels and apartment rentals by offering their home to willing residents in their destination city. It’s pretty simple. You open up your home to a Boquete homeowner, and they do the same.
What you get is comfortable, furnished living quarters for virtually no cost whatsoever. It’s also a great way to see what it’s like to truly live like a local.
You can find available properties by signing up for an online home exchange club or just by posting ads on local Boquete sites like forums and classified pages.
Best of the Better
7. If all else fails, contact a professional.
There are certainly ways to locate a property on your own, but if you find it difficult or if time is of the essence you can always hire a real estate agent. They can scour all of the resources available for property listings and set up showings for you when you come to visit. Or they can supply you with all the information you need to make a decision sight unseen.
Keep in mind that realtors are often paid a little differently overseas, so you might need to consider payment for their time and not just a commission when the property is located.
What’s on the Market Now
Just to give you an idea of what’s out there, here are a few properties that are currently listed for rent in and around Boquete.
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A monthly rate of $500 gets you a 1 bedroom studio apartment on an organic farm in the mountains just ten minutes outside of town. The property is gated, fenced, and monitored by a full-time caretaker.
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For $675 per month, you can rent a 1 bedroom (plus loft) casita in the beautiful Volcancito area of Boquete. It comes fully furnished and includes utilities as well as gardening services.
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$850 per month will put you in a recently renovated 3 bedroom, 1 bath home that’s a minute walk from downtown and offers sweeping views of the valley. It features high-end finishes and all new electrical and plumbing systems.
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For $1,350 per month, you can have a 3 bedroom, 3 bath home that faces Volcan Baru, Panama’s highest peak. It’s 5 miles from town and features two fireplaces and an outdoor kitchen.
These are just a sample of what’s available, but there are plenty more just waiting for you to give them a look. Whether you’re seeking a villa outside of town or a luxury condominium within walking distance of everything, you’re sure to find what you’re looking for in Boquete.
Call, click, or visit today!
Map of Boquete, Panama
Boquete Fast Facts
- Population: About 22,435
- Typical temperature: Average temperature is 70 degrees
- Nearest airport with U.S. flights: U.S. bound flights leave daily from Tocumen Airport, both domestic and international flights to San Jose, Costa Rica depart from Enrique Malek International Airport in David
- Nearest U.S. consulate: Panama City
New York Times best selling author Patrick Vlaskovits joins Josh for a Spunky Conversation. Their discussion touches on subjects from what you should really be thinking before you start a business to a broken board leash and a harrowing at-sea rescue. The latter occurred the last time they stand-up paddled in a secret location in Panama. Enjoy!
In this episode, we discuss:
- How to start a reliable business in an expat town.
- How to avoid dumb mistakes most people make.
- Why you should use Lean Business philosophy to make your next venture profitable.
- How the biggest obstacles to your success can be dealt with before you even start.
And much more.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
React to the Show
We appreciate your reaction to episodes of Viva Radio and feedback about how we’re doing.
Send us your thoughts any time in an email or comment below.
The Show Notes
- The Lean Entrepreneur by Patrick Vlaskovits and Brant Cooper
- Follow Patrick on Twitter
- Eric Ries the inventor of Lean Philosophy
- Boca Chica Panama – an article by Viva Tropical
- Boca Chica Island– Our adventure colony project in Panama.
Phil and his wife Meg came to Panama to meet Josh and Park on their island (Boca Chica Island) about a year ago. At that time Phil and Meg had never been to Central America. Meeting the guys was his first stop on a multi-stop tour of the region.
Since then he has traveled all over Central America from Panama to Mexico, at which point Josh caught up with him to discuss what has happened since their island meeting.
In this episode Phil and Josh discuss why he left the NFL and what led him to consider the Latin Tropics for living. After he traveled all over the region to find the perfect place to reside, Phil talks about why he wanted to leave the U.S. and look for greener pastures.
In this episode, we discuss:
- Why Phil and his wife traveled all over Central America by bus.
- What places they liked and why.
- Why he isn’t very excited about the current direction of the U.S. and why you might need to protect yourself in the future.
And much more.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
React to the Show
We appreciate your reaction to episodes of Viva Radio and feedback about how we’re doing.
Send us your thoughts any time in an email or comment below.
The Show Notes
- Chris Martenson Website
- Crash Course Book
- Boca Chica Panama – an article by Viva Tropical
- Boca Chica Island– Our adventure colony project in Panama.
Everything you need to know that happened in the last 2 months in Panama.
Each day we sift through hundreds of articles in English & Spanish to bring you the very best ones from Central America.
From investment indicators to new infrastructure projects. Adventure stories to politics. It’s all here.
Panama May 2014.
Orban López Cruz
Panama Lifestyle
- Ask an Expat: 5 Questions About How Obamacare Applies to US Expats (Tico Times) Did you know that if you are an expat and decide to move back to the states you will qualify you for a 30-day special enrollment period? Tico Times explores this and 5 other Obamacare facts expats need to know.
- The True Cost of Retiring Overseas (Huffington Post) Yes, you can live cheaply abroad. But don’t be fooled by all the “low cost of living” articles, there really is a secret to how it is done, and Huffington Post tells you how to do it.
Roman Königshofer
Panama Tourism
- 5 Reasons to Visit Panama City Right Now (Huffington Post) Winter blues might pull you down, but there is lots waiting in caliente Panama City. Huffington Post gives you five, fabulous reasons to book your flight and visit Panama City, Panama.
- Crowne Plaza Panama Airport Hotel Set for 2015 Opening (Breaking Travel News) Travelers to Panama’s busy airport hub, Tocumen International Airport, will finally get an airport hotel. The Crowne Plaza Panama Airport hotel will be part of the Global Business Terminal, a 520,000 square foot modern complex with eight office towers, an exhibition hall, a conference centre and parking facilities for more than 700 vehicles.
- American Trade Hotel, Panama City (Financial Times) The American Trade Developing Company was built a century ago. Since then, Panama City has welcomed an influx of expats and a growing number of foreign business people and this building has weathered it all.
US Embassy Panama
Panama Politics
- The Rich Are Running Latin America – and Why That Matters (The Washington Post) Latin American democracies—like democracies all over the world—are disproportionately run by the rich.
- A Five-Year Term without Fiscal Reforms? (The Capital via Google Translate) The three presidential candidates at the top of the polls say they will not propose tax reforms during their tenure.
Chaundra
Panama Investment
- Panama Needs to Clean Up Its Act (Bloomberg) Home to the world’s second-largest free-trade zone, Latin America’s fourth-busiest airport, and numerous free-trade agreements, Panama is on its way to becoming the Singapore of the Americas. But to reap the full benefits of such investment, and to address one of the hemisphere’s worst cases of economic inequality, Panama needs to follow Singapore’s lead in fighting corruption.
- Panama Debuts Subway System (The Gleamer) Winding down his time in office, Panamanian President Ricardo Martinelli on April 5, 2014 inaugurated the flagship project of his five-year term — Central America’s first subway system.
- Panama: Latin America Champion (latinvex) Panama, scheduled to host the 2014 World Economic Forum Latin America, has become a regional champion when it comes to business. Growing imports, tourism and FDI helped boost the economy. Panama is expected to have Latin America’s highest economic growth rate this year, and as a result of recent economic growth, Panama last year became the second-richest country in Latin America after Chile.
- Tourism Revenues Almost Double Canal Tolls (The Capital via Google Translate) The growth in the number of visitors to Panama and the amount of money they spend in the country has been so rapid that it already far exceeds the revenue generated by tolls on the Canal. Tourists spent $ 3.316 million and toll revenues were $ 1,863 million in 2014.
- What Are the Biggest Threats to Panama in 2014? (The Panama Report) Panama is in its seventh year of economic success, fueled by consistent GDP growth, low unemployment, and a voracious national commitment to expanded infrastructure. At a glance, all seems in order, but political rumblings, an unexpected slowdown of two of the country’s major sources of revenue, and other new issues may end up rocking the boat in 2014.
Kaluyala
Panama Real Estate
- Panama, Nicaragua, Or Mexico? In Search of the Best Pacific Coastal Retirement Escape (Huffington Post) Dreaming of life with a Pacific Ocean view, then think of moving to Panama, Nicaragua, and Mexico, all boasting long and mystically beautiful Pacific coastlines.
- Panama Enjoys Historic Office Construction Boom (World Property Channel) Panama City, Panama is in the midst of a building boom. Driven by Panama’s real GDP growth, the highest in Latin America, there were approximately 175,000 square meters of office space delivered in 2013, with over 500,000 square meters planned for delivery in between 2014 and 2015.
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Anoldent
The beautiful island of Ambergris Caye, Belize, was recently named the best island in the world by the readers of TripAvisor. The island takes top billing for the second year in a row, knocking out favorites like Bora Bora and Chile’s Easter Island.
When choosing it as their top pick, voters cited its beautiful natural environment, its perfect balance of quaint-meets-contemporary, and the myriad of activities the island offers. Here are a few of the things that make Ambergris Caye such a great choice for tourists and expats.
It has a relaxing laid-back feel.
Despite being popular enough to rank tops with TripAdvisor travelers, Ambergris Caye has retained its quaint island atmosphere. There are no high-rise buildings, no traffic lights, and nothing but palm trees lining the long stretches of beautiful beach.
Most everything is within walking distance, and most inhabitants do their walking in bare feet. Beyond that, golf carts are about the most sophisticated vehicles you’ll see on the sandy roads.
The people are an eclectic mix of locals as well as expats from all over the globe. Many residents come over from mainland Belize, but there are also immigrants from other Latin American countries, the U.S., and elsewhere. They’re all helpful, super friendly, and eager to share their love for the island with other newcomers.
Yet it’s far from sleepy.
Even though Ambergris Caye can be peaceful and quiet, there’s no shortage of things to do, thanks to its well-developed tourist culture. There are a variety of restaurants, due largely to its diverse blend of cultures.
You can visit a hot dog or burrito stand for lunch, snack on ceviche or stuffed jalapenos from a street vendor, and enjoy dinner at an elegant restaurant serving authentic Belizean cuisine. The island also has a happening evening scene, with plenty of bars, beach parties, and more.
It offers some of the world’s best scuba diving.
Ambergris Caye is less than a mile from the Belize Barrier Reef, the largest in the Western Hemisphere and the second largest in the world. It’s also a short distance from the Great Blue Hole, one of the world’s top diving sites.
The waters around the island are also great for snorkeling. The fishing is great, and you can also sail to the nearby cayes, like Caye Caulker which is another popular Belize vacation spot.
Not to mention, the amazing scenery.
Ambergris Caye is much more than the sand and sea of your average beach town. It does have some great sand beaches that have been cleared for the enjoyment of sunbathing tourists. But what’s even more interesting are the other ecosystems on and around the island.
From the mangrove swamp that occupies the center of the island to the jungles on the surrounding cayes to the reef itself, there’s so much to observe in Ambergris Caye. If you’re only looking for the white sand beaches with shady palms, you can definitely find them. But don’t miss the other opportunities the island offers.
If you like Ambergris Caye, you’ll love these options…
James Willamore
Roatan, Honduras
Located just off the country’s northern coast, Roatan is also only a short hop from the reef. As a result, it offers the same opportunities to explore seawalls and shipwrecks while swimming with dolphins and sea turtles in the warm waters of the Caribbean.
Except when there are cruise ships docked offshore, Roatan is pleasantly uncrowded compared to some of its Central American competitors. Yet it also enjoys all of the same amenities tourists and locals seek, like great bars and restaurants.
It has equally friendly locals, many of whom speak English, and plenty of expats. Prices there are also still relatively affordable.
Roman Königshofer
Bocas del Toro, Panama
Also located in the Caribbean is the archipelago of Bocas del Toro, Panama. The country’s vacation destination, it’s popular among travelers from all over the world.
With its network of buildings built on stilts out in the water, it’s everything you picture when dreaming about a Caribbean vacation. It also enjoys the same easygoing vibe as the other destinations.
Visitors to Bocas del Toro can participate in diving, snorkeling, world-class surfing, jungle hiking, or just relaxing on the beautiful beaches.
Jackiemora01
Nosara, Costa Rica
A longtime popular choice among expats, Nosara is a great mainland beach option. It’s known for its fantastic surfing and healthy, active culture. It’s also gaining popularity among young expat families.
It’s a safe community that lacks the drug problem that plagues many other destinations. Its longstanding status as an expat haven has resulted in the addition of many amenities families seek, such as quality schools.
It also has some of the country’s most beautiful beaches, which are protected from the scars of any large-scale developments. They offer nothing but shady palms, rocky cliffs, and long expanses of sand.
VivaTropical
Boca Chica Island, Panama
Located in an archipelago in the Gulf of Chiriqui, off Panama’s Pacific Coast, Boca Chica Island is one of the country’s final frontiers. Its sandy beaches give way to lush virgin rainforests, making it the perfect place to relax in a tranquil setting away from the crowds and noise.
From Boca Chica, you can hop to one of the over 50 surrounding islands and explore deserted beaches, eerie mangroves, and ancient jungles. The area also offers some of the world’s best sport fishing.
While it sounds remote (and it certainly feels that way), Boca Chica Island is only a 10 minute boat ride from the town of Boca Chica on the mainland, and then it’s less than an hour to the city of David (Panama’s 3rd largest).
Because of its excellent location, plus the massive renovation of David’s airport that now allows for international flights from the U.S., property on Boca Chica Island is also a fantastic investment. It’s the perfect place to enjoy an active tropical lifestyle without giving up any modern conveniences.
And thanks to our newest Adventure Colony development, you can still buy oceanfront lots in this up-and-coming area at unbelievable prices. For more information on the Adventure Colony experience and its investment potential, here are some helpful insights and cool video of the area.
Map of Ambergris Caye, Belize
Belize Fast Facts
- Population: 324,060
- Typical temperature: mid-80s
- Nearest airport with U.S. flights: Philip S. W. Goldson International Airport, Belize City
- Nearest U.S. consulate: Belmopan, Belize
Chaz Jaz
With its beautiful beaches, world class amenities, and excellent location, Coronado, Panama, has often been compared to the glamorous beaches of South Florida. Except without the jaw-dropping price tag.
In fact, despite the area’s incredible growth and development, Coronado, Panama, real estate remains rather affordable. Especially when you consider all the amazing perks that come with owning a piece of this Pacific paradise.
How Coronado, Panama, Real Estate Became So Popular
Like most towns in Latin America, Coronado’s story starts with a Spanish takeover of the native tribes. However, rather than a Colonial city, the Spaniards had a different purpose for the area in and around present-day Coronado.
Recognizing its natural beauty and vast resources, they established large estates where they farmed produce and raised livestock to sell in nearby Panama City and other towns. They also fished the rich waters off the Pacific Coast.
The region remained a largely agrarian settlement until the early 1940’s when the beach town of Coronado was officially founded. The rest, as they say, is history.
In its early days, Coronado attracted Panama’s elite. Its inhabitants included wealthy nationals who purchased second homes in the area, as well as weekend visitors from Panama City looking to escape the urban hustle.
Today, no longer content to hide in the shadow of the Capital, Coronado has become an established destination in its own right. With many of the same conveniences as the big city, offered in a cleaner, quieter, and less frantic package, it’s a popular destination for tourists and expats from all over the world.
R. Moreno H
The Best of What Coronado Has to Offer
It’s hard to compile a concise list of all of the benefits to owning Coronado, Panama, real estate. There are just so many. Here are a few of the biggest perks that make owning property in the area so satisfying.
Coronado’s beaches are postcard-worthy.
It’s hard to talk about the great things about Coronado without first mentioning its gorgeous beaches. Made up of white and volcanic black sand, the town’s pristine shoreline stretches on for miles and miles. On a weekday, you can probably even mark off a whole secluded section just for yourself.
At no point is Coronado’s coast more beautiful than at sunset when the orange sun and pink-streaked sky are reflected in the warm, crystal clear waters. It’s a great time to dine al fresco at one of the seaside resort restaurants or enjoy a cocktail poolside.
Its coastal location also makes Coronado a great place to enjoy all kinds of water sports. Popular favorites are surfing, scuba diving, kiteboarding, sailing, and deep sea fishing.
Its list of amenities is a mile long.
Perhaps because it was the first vacation haven of its kind in Panama, Coronado is light years ahead of most other Latin beach towns. Despite the fact that it’s a developing country, Coronado’s list of features and attractions reads more like that of a first-world resort community.
For starters, it has excellent infrastructure. The roads, transportation systems, and other public services are top notch. Utilities are reliable, and wireless internet is accessible and affordable. Coronado residents can enjoy far less inconveniences than inhabitants of many inferior beach towns.
Beyond the basics, Coronado also offers a wealth of options for shopping and other professional services. There are 3 supermarkets (open 24/7), pharmacies, restaurants serving all types of cuisines, and a private medical facility. Other businesses include a veterinarian, a health club, a dry cleaner, a home improvement store, and a Mailboxes Etc.
For families with children, there are 3 international schools in Coronado. There are also plenty of options for recreation, including tennis courts and a professional 18-hole golf course designed by the world’s top-ranked designer Tom Fazio.
Other amenities include pool and spa facilities, which are included with a resort membership. There’s also an equestrian club for boarding horses.
It’s true what they say about location.
One of the most attractive benefits of Coronado, Panama, real estate is its easy access to…well, anywhere really. It’s situated just a short distance off the Pan-American highway, making the drive to nearby Panama City doable in about an hour (a little longer on weekends or holidays). As a result it’s easy quite easy to get to Coronado by way of Tocumen National Airport.
In addition to the airport, the Capital city also offers any retail solutions that residents aren’t able to find in Coronado, although the beach town now offers almost everything its residents could ever need.
In Panama City, however, the options are much more varied. There are 18-screen movie theaters, high-end boutiques offering brand name clothing, cultural offerings such as museums and art galleries, every type of cuisine imaginable, and a vibrant nightlife. Between the two cities, residents would be hard pressed to find anything they lack.
Despite its well-developed amenities, Coronado maintains a small town feel.
Don’t be fooled by Coronado’s big city conveniences. It’s still a relaxed beach town at heart.
The population is an eclectic mix of native Panamanians and expats from all over North and South America, the U.K., and many other places across the globe. In fact Coronado’s expat community is Panama’s second largest. Only Boquete has more immigrants.
The expat community, as well as the locals, enjoy a deep camaraderie and a lively social scene. The town is welcoming to all foreigners, particularly the many North American immigrants. English is also widely spoken.
Coronado is a great place to get, or stay, fit.
Coronado’s residents are generally very health-conscious. Many grow their own fruits and vegetables, as well as spices for cooking. Those who don’t can easily find fresh options to purchase from numerous street vendors. There are also papaya, mango, and plantain trees everywhere you look.
Not to mention, there are plenty of options for staying active. I mentioned the health club, golf, tennis, and water sports. You can also find groups or classes for practicing yoga or meditation. It also helps that practically everything in Coronado is within walking distance.
Panama Realtor
Coronado Offers a Wealth of Real Estate Options
Obviously Coronado is a great choice for those who are looking for an upscale, turnkey property with loads of amenities for a reasonable price. But thanks to its variety of housing options, it has something to offer buyers with all sorts of interests and at a wide range of price points.
For that first group, there’s Coronado’s central neighborhood, which is gated, guarded, and situated right next to the Coronado Police Department for added safety. For the rest, there’s everything from efficiency apartments to beachside bungalows to sprawling villas on multiple acres.
Prices can vary greatly, depending on the amenities and location of the property, but there are smaller homes to be found in Coronado for as little as $250,000 (or less than that just outside of town). While relatively expensive for Panama, this is extremely affordable by North American standards, especially considering you’re talking about a South Florida lifestyle on a Central American budget.
Some of the less central locations that offer great bargains include Punta Chame, Gorgonia, Santa Clara, Playa Blanca, and Farallon. If you prefer a higher elevation (and a bit of a relief from the heat), there’s El Valle and Altos Del Maria.
Rental rates are also all over the board, with options as low as $700 or as high as $3000 for high-end properties in the most desirable areas. You should also keep in mind that Coronado, like most of Panama, enjoys an incredibly low cost of living.
Luxuries like resort memberships and domestic help are viable options even for those on a moderate budget. For those who qualify for Panama’s pensionado visa, even those who aren’t near retirement age, there are even more savings to be had.
Coronado, Panama, Real Estate Outlook
Don’t be turned off by the fact that Coronado is an established destination that has already arrived. With the area still growing at a rapid pace, there are still plenty of opportunities to profit from real estate investments, as well as new business ventures.
New neighborhoods and communities have been popping up in the Coronado area, even within the past few years. A few example are the Decameron Resort, Breezes, Nikki Beach, Buenaventura, Playa Blanca, Vista Mar, and Bijao.
Along with these new developments comes the need for more and varied retail establishments and other services, making the Coronado area a great choice for the entrepreneurial expat. And with more and more expats continuing to settle there, Coronado, Panama, real estate still has plenty of room for appreciation.
Here’s What You Can Get for Your Money in Coronado
This is a great example of how much pricing can vary in an area, depending on what you’re looking for. Here are some actual properties that are currently listed for sale in Coronado.
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A mere $115,000 is the price of a 3 bedroom, 2 bath home in a gated community in nearby Las Lajas.
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For $275,000 you can have a 3,000 square foot 3 bedroom, 4 bath apartment with an ocean view, a maid’s quarters, and only a short walk to the beach.
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$375,000 buy you a 4 bedroom, 5 bath furnished condo on the golf course with two private balconies offering views of both the sea and the surrounding lush mountains.
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In the same building, $650,000 will get you the 3 bedroom, 3.5 bath penthouse, which includes terrace with stunning wrap-around views and a lifetime membership to the Coronado Golf and Beach Resort.
Coronado truly has something for everyone: the beach bum, the sports enthusiast, the socialite, and more. It’s just a matter of finding your niche.
And with such amazing natural beauty and some of Central America’s best amenities, there’s no better place to look. See what particular piece of Coronado, Panama, real estate might be calling your name.
Boquete, Panama real estate has become a hot commodity in recent years, ever since the town emerged on the scene as one of the hottest expat destinations in the world. Once a small farming community, the city has gained immense popularity due to a number of factors, most notably its beautiful natural surroundings and year-round spring-like weather.
Finca Lerida
Conveniently located near David, the capital of the Chiriqui province, Boquete is easily accessible. And at an elevation of almost 4,000 feet above sea level, it offers a pleasant respite from the heat and humidity of the nearby coastal cities.
Although it’s grown considerably, Boquete still maintains a quaint small-town feel. Its population is made up of locals, including the indigenous Ngobe-Bugle people, as well as a growing number of expats. With these immigrants has come a wealth of businesses and services that many would-be expats find attractive when looking for a place to call home abroad.
Rita Willaert
Boquete, Panama Real Estate Looked Very Different a Decade Ago
Like most desirable expat destinations, you usually needn’t look too far backwards to discover the town’s humble beginnings and an era when property values were nowhere near their present day prices.
With real estate in Boquete, you’ll only have to rewind about a dozen years or so. Back then it was made up of mostly local coffee farmers, with only a few expats and tourists who trickled in and out of town while birdwatching in the nearby rainforests or hiking the slopes of Volcan Baru, the nation’s highest peak.
As interest in the area began to grow, a number of developments sprang up. A major one was Valle Escondido, an exclusive resort community that offered its residents a first-world lifestyle in an amazing setting…and all for bargain basement housing prices, coupled with a low overall cost of living.
This project helped set the stage for Boquete’s growth when it drew international attention and was featured by networks and publications such as HGTV and Forbes. It was named AARP’s #1 retirement destination in the western hemisphere in 2002, and in 2005 it made Fortune’s list of the top 5 best lifestyle values in the world.
In those early years of its emergence on the expat scene, not only was real estate in Boquete, Panama, a great buy, but the cost of living was insanely cheap when compared to other destinations with the same amenities.
The next few years saw continued growth for Boquete, along with a corresponding boom in its real estate market (and a steady uptick in its cost of living). And the growth in Boquete did much to fuel what turned out to be a nationwide real estate boom throughout much of Panama, which continues to earn accolades as one of the best countries in the world to call home as an expat.
Boquete, Panama Real Estate Is Still a Great Value
Despite the fact that Boquete, Panama real estate prices have risen steadily over the last decade, properties in the area still offer a lot of bang for your investment buck. However, before diving too deep into the specifics of what houses in the area cost, it’s important to understand the nature of Panama’s real estate market.
From our experience, it’s best to approach property valuation based on how the area measures up in terms of the 5 market stages we’ve created for classifying developing areas. The stages range from 1, which is a small local community, to 5, which is a full scale town like Panama City. On this scale, Boquete is a stage 4 area. What that means is that it has a good-sized population with an established sense of community, as well as all the things you’d expect in an organized town (e.g. restaurants, shopping, repair shops, financial services, and tourism operations).
As a result, Boquete is most suited for those who are looking for a more developed city with an established expat community. You won’t find as many rock bottom deals on real estate, but at this point it’s all about the value.
That isn’t to say that there aren’t any investment opportunities left in Boquete. They’re still there. They just look a little different at this stage of the model.
Rather than pioneers hoping to buy large tracts of land they can subdivide and sell to end users, stage 4 opportunities are all about catering to those end users. Boquete is the perfect place for investors who want to open a niche business, like a German bakery or an English bookstore. Other business opportunities include boutique hotels and tourism companies.
Why Boquete’s Popularity Won’t Be a Passing Craze
The very factors that drew the first newcomers to Boquete are the same delightful characteristics that are sure to keep expats relocating to this mountain town in droves in the coming years. There are also a few recent developments (as well as some others on the horizon) that may even lead to another spike in its popularity.
One that that will never change is the natural beauty that surrounds the city. Known as the Valley of Flowers and the Eternal Spring, it offers breathtaking vistas of the surrounding mountains, as well as frequent rainbows as a result of its almost-daily afternoon drizzle. Its weather conditions, with temps perpetually between 70 and 80 degrees Fahrenheit, are what some would argue to be the world’s most perfect.
Not only are the surrounding areas beautiful, but they also offer a whole host of activities for those who want to take every opportunity to enjoy the great outdoors. From whitewater rafting to zip-lining through the rainforest canopy, Boquete can entertain even the most intrepid adventurer.
People also love Boquete for its friendly population. Both locals and expats alike are extremely welcoming to new folks, and the small-town atmosphere makes it an easy place to meet people. The city is home to people of all walks of life, so if you’re willing to put in a little effort you’ll have no trouble finding a network of like-minded individuals.
Some Insider Information on Why Property in Boquete Is about to Become Even More Valuable
We mentioned its accessibility earlier, but we failed to point out that it’s about to improve dramatically. To help explain, here’s another little nugget we’ve picked up during the time we’ve spent learning the ins and outs of the Central American real estate market. When it comes to increasing the value of land and homes in a given area, there’s one key ingredient that never fails to have a huge impact on prices: infrastructure.
As infrastructure improves, more people have access to a given area. That opens the door for more residents, an influx of tourists, new businesses, better services and amenities, and increasing property values.
This is about to happen for Boquete.
A large-scale airport expansion is currently underway at the nearby Enrique Malek International Airport in David, which will enable the area to welcome international flights from the U.S. as well as many other countries. What’s more, a newly constructed 4-lane highway has shortened the drive from Boquete to David to a mere 35 minutes.
It’s never been easier for tourists, expats, and entrepreneurs to make their way to Boquete from all over the globe. This increased demand will mean big things for the Boquete, Panama real estate market.
IMIX
What Your Dollars Will Currently Buy in Boquete
Naturally Boquete, Panama real estate values are going to fluctuate from time to time based on availability and the state of the housing market. But here are a few examples of what you might find if you were looking at properties for sale in the area today:
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$198,000 will buy a newer home that’s over 2,500 square feet, with 3 bedrooms, 2.5 baths, a walk-in closet, an outdoor fireplace, a gated entrance, and an in-ground pool.
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$279,000 is the listing price for a 4 bedroom/4 bath home with a massive kitchen, multiple outdoor storage buildings, a small pond, and immaculate landscaping.
- $375,000 will get you a fully furnished home with 3.5 bathrooms, 3 bedrooms (plus a bonus room), 2 floors connected by an impressive staircase with tile detail, and a large private back yard with mature trees.
- $875,000 is the price tag for an almost 6,000 square foot home in an upscale private community within walking distance of restaurants and shopping, complete with a guest house and many custom features.
What Boquete Has That Other Mountain Towns Lack
So, Boquete has great weather, affordable home prices, a friendly expat community, and lots of room to explore. Well, so do a lot of other mountain towns in Central America and even Panama.
So, what is it that sets Boquete apart? The beach.
Yeah, that’s right.
While Boquete isn’t located on the beach, it is situated awfully close to it. Just a short drive south of David is the coastal town of Boca Chica, which is surrounded by 50+ islands, most of which are uninhabited.
As a result, it’s entirely possible for you to sip your delicious, locally-grown morning coffee in the cool Boquete mountain air and then, an hour later, step ashore on a sun-kissed white sand island beach in an other-worldly archipelago off Panama’s Pacific coast.
It’s like having the best of both worlds. In fact, a lot of Boquete residents do, as many choose to own a home in the mountains as well as one at the beach.
It’s because of this rich natural beauty and ideal location that we’re thinking of developing our next Adventure Colony in the highlands surrounding Boquete. We have our eye on several properties that are within a 30 minute drive from Boquete that we think would be ideally suited for the simple, nature-loving lifestyle.
Map of Boquete, Panama
Boquete Fast Facts
- Population: About 22,435
- Typical temperature: Average temperature is 70 degrees
- Nearest airport with U.S. flights: U.S. Bound flights leave daily from Tocumen Airport, both domestic and international flights to San Jose, Costa Rica depart from Enrique Malek International Airport in David
- Nearest U.S. consulate: Panama City
Burica Panama Coastline
Burica, Panama, is one of the country’s best kept real estate secrets. But you needn’t take our word for it. One visit to this remote paradise is enough to make any traveler or would-be expat feel like a pioneering explorer.
It’s as pristinely beautiful as it is mysterious and secluded. And both nature and adventure abound in Burica.
However, before you categorize it as a place meant only for those who want to live out their childhood Swiss Family Robinson dreams, there’s a lot more to this place than just its raw, undisturbed natural beauty.
Despite its remote feel, Burica is surprisingly close to civilization. And not just any old town either. It’s less than a 2 hour drive from David, Panama’s second largest metropolis.
And the wheels are currently turning on several large-scale infrastructure and private development projects that have Burica, Panama, primed for a tremendous boom and accompanying increase in property value.
However, for now, it’s still relatively off the radar of most buyers. That’s why we think Burica is one of Panama’s last remaining secret investment opportunities.
But, for those hoping to score a killer bargain on a property in a place with exploding investment potential, we recommend you act fast. The best deals could soon be gone.
Here are a few of the things that make real estate in Burica, Panama, such a great investment.
Accessing Burica, Panama is an adventure in itself.
Nothing says “remote destination” like having to go off-road to get there. Burica is located on Panama’s Pacific coast on a peninsula the country shares with Costa Rica. And up until about three years ago, there wasn’t even a road to get you to the end of the Burica peninsula. The landscape is made up of dense jungles that just don’t lend themselves well to vehicle travel.
Viva Tropical
In fact, the end of the peninsula was once only accessible during low tide, when residents were able to drive directly on the beach. Otherwise, it was a no go. So, here you had this stunning tropical paradise that virtually no one in the world even knew about or could get to. Talk about exclusive!
Well a few years ago, the government finally put in a road that created access to the entire peninsula. It’s still a rough ride, but the views at the end are totally worth it for those who don’t mind being bounced around in a jeep for the last few miles.
The Burica landscape is otherworldly.
What awaits you at the end of the road to the Burica peninsula is a lush tropical paradise situated on a volcanic reef that juts out over 200 meters in some places. This makes for some amazing waves that serve as an impressive view and calming background noise as you relax in your hammock beneath the coconut palms.
During low tide, the underwater reef is exposed, creating a completely different silhouette that literally makes the shore look like a completely different place. It also makes for an amazing moonscape.
Viva Tropical
There’s also no shortage of wildlife, as Burica is home to a number of exotic species. Among the most prevalent are monkeys. Howler monkeys and capuchins, with their white faces, are all over the place. You can also see the endangered red-backed squirrel monkeys, which are unique to the region and can’t be seen anywhere else.
Burica is an ocean lover’s paradise.
Whatever your choice of aquatic thrill, you can find it in Burica, Panama. If enjoying the coastal breeze while you watch the waves roll in is as adventurous as you get, then you can while your days away in solitude on the beaches of Burica. If that’s merely where your adventure begins, then Burica makes the perfect jumping off point for a long list of aquatic activities.
For starters, it’s full of incredible surf spots that are mostly only known by the locals, who guard these secrets with their life. The great surfing conditions are made possible by the peninsula’s exposure to southern swells, combined with the reef, which drops to depths as low as 300 feet and makes for some amazing waves.
Burica is also home to world-class deep sea fishing. Nearby Islas Ladrones and Isla Montuosa formed the backdrop for many a world record tuna, black marlin, wahoo, and dorado. So far, Burica has one great fishing lodge called Hooked on Panama. And many more are sure to follow as the area develops.
Viva Tropical
Burica, Panama, is home to the first-ever Adventure Colony.
After reading the above, you can probably imagine why we saw such potential in the Burica area when choosing the location for our first Adventure Colony, Playa Burica. Not only did it have the atmosphere and great natural resources that we value, but we also realized what a great investment opportunity it was due to several proposed improvements (like the road we mentioned, which was only a rumor when we first discovered the area).
Our Adventure Colonies are developments for people like us who value wild and beautiful places and want to live in harmony with their natural environment, while also taking advantage of all of the opportunities it offers for adventure. However, even we couldn’t have imagined the success Playa Burica would have.
We’ve sold lots to retired doctors from the midwest U.S., young entrepreneurs from Poland and the U.K., restaurant owners from the Caribbean, and many more individuals who now make up a diverse population that shares our vision and is committed to our dream of maintaining the pristine natural beauty of Burica, Panama.
Viva Tropical
There’s never been a better time to invest in Burica, Panama, real estate.
Over our years of experience in the Central American real estate market, we’ve identified the various stages every area goes through on its way to becoming an established expat community. We’ve also pinpointed the exact step in that process where maximum return on investment is achieved.
In Burica, Panama, it’s about to happen.
Burica is currently in market stage 2 of our development model. Pretty much the only people who’ve been buying land there are pioneers like us who’ve been able to purchase large tracts of land at rock bottom prices based solely on its agricultural use to the locals who owned it.
It required a lot of work and due diligence, but the end result is that we’re now able to offer the land in manageable plots to end users who otherwise wouldn’t have been able to enter such a market on their own.
Well, when large land investors and pioneering developers start buying up land in an area, people start to talk. Interest is generated in the area and even more investors start to show up and begin developing the area.
That’s already happening around Playa Burica. Our scouts tell us that two large pieces of property have been purchased at prices that quite honestly shocked us. This is good news for Playa Burica owners and buyers.
Not only are their property values automatically going to increase, but those nearby developments will have to include more and better amenities in order to be financially feasible in this market. So, Playa Burica owners will also benefit from the businesses and services being offered in the surrounding areas.
That’s why it’s important to act fast if you’re considering investing in the Burica, Panama area. It’s too late to be the first on the scene. But it isn’t too late to profit from the improvements that are coming.
Thomas Richman
Two ongoing projects that will have a major impact on Playa Burica
We’ve already seen the effects that the new road has had on property values in Burica. It’s part of the reason we saw such great potential in the area. Well, it doesn’t stop there. Panama’s government is currently in the process of completing two huge infrastructure projects that will have an even bigger impact on the area.
New Access Via Air
The first is the airport in nearby David. The city’s Enrique Malek International Airport is undergoing a massive expansion and renovation, which will ultimately open its runways to flights from the U.S. and many other nations for the first time ever. That means that people from all over the world will soon have access to Playa Burica via a world-class airport that’s a mere two hour drive away. For now, that is.
Improved Ground Transportation
Why’s that? You guessed it. Construction has just begun on a new 4-lane road from Paso Canoas (at the Costa Rican border) to Puerto Armuelles, the last stop before you begin the trek across the Burica Peninsula. Not only is that good news in terms of access, it’s also a good indication that the government plans to continue to invest in Puerto Armuelles.
And, while the city itself isn’t the type of place that caters to people who enjoy the Adventure Colony lifestyle, it’s the closest place for those in Burica to stock up on supplies. So any growth in Puerto Armuelles is a tremendous benefit to Playa Burica owners and residents.
Bonus offer for Viva Tropical readers!
We realize that, as much as we love Playa Burica, it isn’t for everyone. Namely those who need to be within walking distance to shopping malls and movie theaters. But if you love the idea of getting back to nature on your own private piece of tropical paradise, just a short drive from those other conveniences, then Playa Burica could be right for you.
If so, you should check out our free Adventure Colony book, which explains a little bit more about the concept and what it means to live the Adventure Colony lifestyle, something that’s only available in places like Burica, Panama. The book also contains over $20,000 in exclusive real estate discounts, so download it today!
Map of Burica
Burica Fast Facts
- Population: About 1,360 (Numbers are hard to nail down, but this is a good guestimate)
- Typical temperature: Low 90s
- Nearest airport with U.S. flights: Tocumen Airport. Domestic flights to Panama City, Panama and international flights to Costa Rica depart from Enrique Malek International Airport in David
- Nearest U.S. consulate: Panama City
BTimes
You’ve probably heard of beautiful Bocas del Toro, a group of islands off Panama’s Caribbean coast that, in recent decades, has become one of the country’s most popular tourist destinations.
But there’s also another emerging destination just a few hours away on Panama’s Pacific side that we think is, in many ways, superior (or at least on par) with its Caribbean counterpart.
That place is Boca Chica, Panama.
Because of their coastal locales, the two share many common attractions. However, each has specific areas where it excels beyond its competitor.
Both are fantastic places to visit or live, but–to help you decide if one of these destinations could be right for your next vacation or even your permanent home overseas–take a look at how the two stack up in several important categories.
Round #1: Accessibility
Winner: Boca Chica
The best way to reach Bocas del Toro is by plane, which is a 40 minute flight from Panama City or San Jose, Costa Rica. By land, travel is far less simple. Bocas del Toro is on the Caribbean (northern) side of the country, and the Pan American highway generally hugs the Pacific (southern) side. As a result, it takes hours to get from Bocas del Toro to any other decent-sized city, such as Boquete and David.
Boca Chica, however, is on Panama’s Pacific coast a short distance from the town of David, just over half an hour in fact, thanks to a new 4-lane highway. Even in a slow boat, you could get to one of Boca Chica’s closer islands from the airport in David in about 40 minutes or so.
That’s not to say that Boca Chica isn’t remote. Due to the fact that it has less people and tourist attractions, it feels much more secluded than Bocas del Toro once you get there. It’s just the ‘getting there’ part that’s much more advanced.
What’s more, Boca Chica also boasts proximity to a number of other adventures and attractions throughout the Chiriqui province, one of the nation’s biggest up-and-coming areas for tourism. There’s hiking and whitewater rafting at Volcan Baru, the country’s highest peak, coffee plantations and canopy tours in Boquete, and a number of other places to visit nearby.
Round #2: Consumer Goods and Services
Advantage: Boca Chica
Due to the problems with access and proximity to a large city, what’s available to you in Bocas del Toro is mostly limited to whatever is offered or sold locally. There are grocery stores, banks, ATMs, and a number of restaurants and bars. The town also offers basic health care in the form of a few public (and even a handful of private) clinics.
However, most (or, in some cases, all) of these are located in Bocas Town on the main island of Isla Colon. That means that if you’re staying elsewhere you’ll need to take one of the many water taxis, which are available on up into the wee hours of the morning.
If you need something beyond the local options, you have two options. You can drive the 4 hours over the mountain ridge to David where there’s practically every kind of service imaginable: hardware stores, modern hospitals, repair shops, government offices, and a variety of dining and shopping options. Or you can incur the cost (and the wait) associated with having goods shipped.
Boca Chica has roughly the same local options, in the way of small retail establishments. The major difference between the two is that the latter is a mere 40 minutes from David. As a result, it’s reasonable to conceive of driving into town for a world-class steak dinner or towing your boat into the city to a reliable mechanic.
Viva Tropical
Round #3: Investment Potential
Winner: Boca Chica by a Large Margin
Bocas del Toro, while still a great place to invest in property, is already very much on the radar of many travelers and would-be expats. Because it’s a well-known tourist destination with an established expat community, the prices in the area reflect that.
On the other hand, Boca Chica offers all the same gorgeous scenery and opportunities for adventure at prices that still represent a great value. But, most importantly, the Boca Chica area has screamin’ investment potential.
We mentioned that it’s close to David, much closer than Bocas del Toro. Well, factors like location and accessibility play a huge role when it comes to property valuation. As does infrastructure.
And both of those are better in and around Boca Chica, particularly in terms of the easy access to David and its international airport. Even more prophetic is what’s currently going on at said airport: millions of dollars in renovations and expansions that will soon open its runways to international flights from the U.S. (among other countries) for the first time in history.
What will result is more visitors and new residents in Boca Chica, which will in turn lead to the need for new businesses, even better infrastructure, and continually rising home and land prices.
Viva Tropical
Round #4: Atmosphere
Outcome: Boca Chica for Solitude, Bocas del Toro for Socializing
Both Boca Chica and Bocas del Toro have a great vibe. They’re just different in their appeal.
Bocas del Toro is your quintessential Caribbean beach town. It’s fun and funky with many of its buildings and businesses built out over the water on stilts (no high rise condominiums here). It’s charming and quaint, that is until nightfall when things can tend to get a little crazy as Bocas del Toro is known for its partying nightlife. Peace and quiet can be found, but you’ll have to venture outside of town or to one of the smaller islands.
Boca Chica, on the other hand, is quieter and a bit more subtle. Instead of hovering atop the water, its lodges and resorts are tucked away into hillsides or scattered among the many islands of the archipelago. There are good times to be had on Boca Chica evenings as well, but they’re usually in the form of lively happy hours on restaurant patios rather than in thumping discos.
Autoridad de Turismo de Panamá
Round #5: Tourist Infrastructure
Advantage: Bocas del Toro
By comparison, Bocas del Toro is the much more established of the two areas, particularly when it comes to tourist attractions in Bocas del Toro. Populated by locals, as well as an established expat community, it caters to backpackers, families, honeymooners, and more.
Bocas del Toro has plenty of hotels and restaurants, most of which are concentrated in and around Bocas Town. There are also dive shops, deep sea fishing charters, a number of boat cruises and tours, bike and moped rentals, and various land and sea excursions…everything you’d expect to find in a Caribbean beach town.
On the other hand, many of these same operations are just beginning to appear in Boca Chica. You can enjoy most of these same activities there. You just might have a harder time locating a few of them (with the fishing, sailing, and other aquatic adventures being the overwhelming exception, as they’re all abundant in Boca Chica).
As mentioned, Boca Chica is poised for tremendous growth in the coming years. The potential for new tourism offerings is certainly there. It’s also another great investment option for entrepreneurs who want to open a boutique hotel or sport fishing lodge.
Round #6: Surfing
Advantage: Bocas del Toro
Both Boca Chica and Bocas del Toro have beautiful beaches that are perfect for swimming or sunning, including long stretches of secluded beaches where you can find yourself totally alone.
However, if hitting the surf is the excitement you crave, you’re better off in Bocas del Toro.
Some of the best spots include Bluff Beach, which has large enough waves even for advanced surfers; Carenero Point, which has the islands’ longest left break and perfect tubes when the conditions are right; and Isla Batimentos, which is home to the popular Wizard Beach and Red Frog surf spots.
There’s good surfing to be found near Boca Chica, but getting there will require a little longer drive or boat ride than in Bocas del Toro.
Round #7: Snorkeling
Advantage: Bocas del Toro
The same goes for snorkeling. There are a few private beaches in Boca Chica where you can enjoy a day of snorkeling. You can also take a 45 minute boat ride to the waters around the nearby Islas Secas, or a longer 2 to 3 hour trip to Coiba National Park, one of the largest marine parks in the world.
The options in Bocas del Toro are much more prevalent. One of the best places is Bahia de Almirante in Admiral Bay, with its protected coral reefs, clear waters, and few waves. In and around Bocas del Toro you can see reefs, kelp forests, shipwrecks, caves, over two dozen types of coral, and hundreds of species of fish.
Another popular spot is Hospital Point. It’s only five minutes away by boat, making it easily accessible and a great way to get in a little exploring without taking up too much of your day. You can rent equipment for as little as $12 per day and hire one of many locals along the wharf to drop you off and pick you up for around $3.
Chuck Holton
Round #8: Diving
Verdict: Boca Chica Wins
Bocas del Toro has a number of good options for scuba diving, often the same spots you would go for snorkeling as some of the reefs go down as deep as 60 feet. However, the waters around Boca Chica offer some of the world’s best dives, according to National Geographic.
Islas Ladrones, which lies 27 miles due south, is teeming with schools of jack, snapper, and barracuda. There are also smaller species like surgeonfish, parrotfish, triggerfish, angelfish, and more that can be seen year round. You can also spot several species of shark and, at certain times of the year, giant manta rays and humpback whales. Visibility near the island is 30-80 meters.
Slightly farther away, along Isla de Coiba, you can also explore a 330,000-acre reef which contains 60 of the world’s 75+ species of hard and soft coral. In these protected waters you’ll also find mullet, stingray, puffers, moray eels, and gentle sea turtles.
CMC corkle 2005
Round #9: Fishing
Winner: Boca Chica Hands-Down
As you could guess based on the abundance of species represented in Boca Chica, the fishing in its waters is second to none. Fishing lodges make up a big majority of the tourist accommodations in the area, and we’ve lost count of the number of world record catches that were landed in and around Boca Chica.
Much of these whoppers were reeled in near Hannibal Bank, a world-famous fishing hotspot where the ocean floor rises sharply from thousands of feet deep to a mere 120 feet. This underwater cliff is home to the merging of schools of inshore fish with the offshore species who feed on them. Marlin in excess of 1,000 pounds and tuna over 300 pounds have been caught in these waters, as well as snapper, amberjack, and snook.
These and other species can also be caught in Bocas del Toro. The best fishing is a bit more seasonal there and, while still world-class, it isn’t even in the same ballpark as Hannibal Bank.
Round #10: Land Exploration
Verdict: Boca Chica Takes the Round
Being composed at least partially of islands, both Bocas del Toro and Boca Chica have plenty of options for exploring. Each island offers its own varied topography and environment. You can find hundreds of different species of monkeys, reptiles, birds, and plants, many still unidentified.
We’re giving this round to Boca Chica based mainly on the fact that its islands and jungles have a much more otherworldly appeal to them. A number of its islands are completely covered in untouched rainforests, with an abundance of old growth trees so ancient-looking that you would almost bet they pre-date the great flood.
One such is Boca Chica Island, the location of our latest Adventure Colony. To help maintain the island’s prehistoric feel we’ve created Monte Vida Park, a 50-acre crowd funded preserve dedicated to protecting the surrounding rainforests and in turn adding value to property on the island.
Because of Boca Chica’s incredible investment potential, as well as its stunning natural environment, it was a natural choice when we were looking for a spot to establish a place where like-minded people could take advantage of all the area has to offer.
Did you know that Panama economy is one of the fastest growing in the world? It’s one thing to hear that, but it’s another to see clear and simple evidence.
Here are 8 statistics to help you understand why Panama’s growing economy is an attractive place for investment.
Alex E. Proimos
The nation of Panama has touted itself as “The Way.” The way to adventure, the way to realizing your dreams, the way to a dream vacation, or the way to whatever it is you may be looking for.
And it’s true.
Every year thousands of expats are finding exactly what they’re seeking in Panama. Whether it’s an opportunity to start their own business, the ability to experience new adventures with their family, or just a quiet place to settle down and enjoy the fruits of their labors.
So, what is the secret to Panama’s appeal? There are actually too many to name. But here are just a few facts about Panama and why expats continue to pick it as their destination of choice.
1. Panama has unmatched natural beauty and biodiversity.
Christoffer Undisclosed
Almost half of Panama’s land mass consists of rainforests, mountain cloud forests, and mangrove wetlands. And they’re all teeming with an abundance of flora and fauna. Not to mention all the aquatic species in the surrounding seas and coral reefs.
Much of the country’s biodiversity is due to its strategic position as a “biological corridor” connecting the Americas. Its Darien province, which is almost impenetrable and lacks much infrastructure, is considered by some as one of the most biodiverse areas in the entire world.
It’s home to jaguars, harpy eagles, American crocodiles, giant anteaters, and more. Among the country’s other species are over 10,000 types of plants (including 1,200 varieties of orchids and 1,500 types of trees) and over 250 types of mammals, several of which can be found nowhere else in the world.
2. Turtles and whales and birds…Oh, my!
Of all the animals to see in Panama, few are as prevalent and as fascinating as these. Five of the eight species of sea turtles in the entire world swim ashore to nest on Panama’s beaches. Several national parks encompass havens for these turtles that swim in by the thousands to lay their eggs in the sand.
Panama is also home to a whopping 972 species of birds, more than the U.S. and Canada combined. You can observe them in the mountains or in the mangroves. One of the best places is in Baru Volcano National Park, where you can spot the Resplendent Quetzal along with many other species.
Every year from June to November, humpback and sperm whales migrate to Panama’s Pacific Coast to mate. The sight of them leaping out of the water in areas like Coiba, the Gulf of Chiriqui, and the Pearl Islands is quite a sight to behold.
3. Finding the right climate in Panama is almost as easy as adjusting your thermostat.
In general, Panama has a warm, tropical climate with very little seasonal variation. Coastal areas are much more hot and humid, and the mountain towns are more temperate with less rainfall. The year is essentially divided into a rainy season (roughly April to December, give or take a month or two depending on location) and a much drier rest of the year.
Finding the right climate for you basically involves testing out spots on a sliding scale from Caribbean to Pacific and from lower to higher elevations. The Pacific coast is a bit cooler and drier, with a nice evening breeze. The Caribbean side, by contrast, gets significantly more rainfall and is a few degrees warmer.
Likewise, you can also adjust your temperature and humidity by moving further up into the mountains. It gets cooler and cooler (maybe even too cool for some), with areas like the Cordillera de Talamanca in western Panama even seeing a little bit of frost.
With such great weather year-round, Panama’s residents can enjoy its beauty and opportunities for adventure in every season! In other great news, while parts of Panama do see the occasional strong thunderstorm, it’s outside the hurricane belt.
4. Panama is an ocean lover’s paradise.
Diesel Demon
Panama is a narrow isthmus that connects Costa Rica in Central America with Colombia in South America. It’s lined by miles and miles of coastline on both the Pacific Ocean and Caribbean Sea. Its coastal ecosystems consist of gorgeous beaches, rocky cliffs, mangrove forests, and coral reefs.
As a result, Panama’s coasts offer opportunities for every water sport and activity imaginable. Coiba National Park contains the longest reef on Central America’s Pacific coast. Both it and Chiriqui Gulf National Marine Park are great places to go diving or snorkeling or watch whales and dolphins.
The name “Panama,” in the Indian language, means “abundance of fish.” It’s a great place for sport fishing, as a number of world record fish were caught of its shores. Surfing is also popular in Panama, particularly in world-famous Santa Catalina. Other available water sports include paddle boarding, kayaking, and kite surfing.
5. Panama’s fun doesn’t stop at the shore.
Panama’s interior offers a wealth of other options for adventure. Many hiking trails wind through the country’s jungles and rainforests, including several that run through Metropolitan Natural Park in Panama City, the only protected forest in Central America that’s located within the city limits.
A hike to the summit of Volcan Baru, the country’s highest point, affords visitors the opportunity to simultaneously take in views of both the Atlantic and Pacific Oceans. The most intrepid adventurers often start this hike at midnight in order to reach the peak by sunrise.
Not far from Volcan Baru, also in the Chiriqui province, is the mountain town of Boquete which offers some of the world’s best zip lining tours through the canopy of the cloud forest. The area also has some first-rate places for kayaking and whitewater rafting, with rapids ranging from Class III to Class V, depending on the season.
6. Panama’s capital city is truly cosmopolitan.
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Much of Panama enjoys great infrastructure for a developing country. In Panama City, it’s top-notch. There’s world-class shopping, fine dining, museums, modern medical facilities, and much more. And recent urban development has attracted even more residents to this thriving hub.
But it’s not all concrete and skyscrapers. As mentioned, Panama City has a 655-acre rain forest within its limits. There you can find a variety of birds and mammals, including toucans, parrots, and sloths.
There’s also a coastal strip with lots of green space that leads to the Old Town, Casco Viejo. This area, a UNESCO World Heritage site, is a unique blend of ancient and modern. With its boutique hotels, located in historic buildings, and open-air cafes it’s an eclectic mix of people and cultures.
7. Panama is a unique and diverse blend of people and customs.
Speaking of culture, Panama is a great place to go if you want to experience the real, authentic customs and traditions of a nation’s people. Panama is still home to 7 different indigenous tribes, although they represent only 6% of the country’s total population. They live in groups called comarcas, which are self-contained sovereignties, with many being very welcoming to visitors who want to observe how they live.
Among the cultural heritage of these ethnic groups are indigenous dances, like the tamborito and congo. They also produce a variety of handmade arts and crafts. These include molas (patchwork pictures that can be sewn to garments or used as pillow covers or wall hangings), jute bags, wood carvings, beaded jewelry, and woven baskets. (However, one of the most commonly mistaken facts about Panama is the origin of the Panama hat. It actually hails from Ecuador.)
Locals also celebrate a number of festivals, most notably Carnival which takes place four days before Ash Wednesday. Towns elect two queens to represent separate sections of the city. For five nights, the queens and their troupes entertain the crowds with parades, dancing, and fireworks.
8. The Panama Canal is an amazing piece of living history.
The largest contributor (directly and indirectly) to the nation’s GDP, the Panama Canal is such an integral part of the story of the country’s progress. And it’s currently undergoing a massive expansion.
The 90-year old waterway, which is already operating at almost 100% of its ability, will have doubled its capacity by the time its over $5 billion expansion project is completed in 2015. A new Observation Center gives visitors the opportunity to watch the construction, as well as take in views of Gatun Lake. Also available are full and partial tours through the canal, where visitors can experience the journey for themselves.
9. Panama enjoys a pleasantly low cost of living.
While it’s true that the cost of living is low throughout most of Latin America, it’s difficult to find a much better bang for your buck than in Panama. Costs vary, of course, from one area to the next (with larger cities requiring much more money to live on than more rural areas).
However, it’s within reason that a couple could enjoy a nice standard of living for $1,500 or less, including rent, in most parts of Panama. And that includes such luxuries as the services of a maid and gardener.
Other services that are quite reasonable in Panama include reliable high-speed internet, public transportation, and excellent health care.
10. Panama is an excellent place to invest or do business.
Not only is Panama a great place to visit or live, it’s very friendly to investors or those who want to open a business, particularly in the tourism industry. Its tax laws are favorable, and setting up a Panamanian corporation is relatively simple.
The government has also recently signed into legislation a number of incentives that make it even more attractive to invest in Panama.
Whether you want to start up an outfit that offers ATV jungle tours, or you just want to buy a piece of land and build your own little piece of island paradise, Panama is a great place to make that happen.
Bonus Facts About Panama…#11. Panama is home to two Adventure Colonies.
I know what you’re thinking. What’s an Adventure Colony, right?
Adventure Colonies are our one-of-a-kind developments that are specially tailored towards would-be expats like you who share our love for the natural environment and a life lived a bit more simply. After reading these facts about Panama, I’m sure you can see why we chose it for our first two projects.
Playa Burica is located on Panama’s Pacific coast on a peninsula the country shares with Costa Rica. Its oceanside lots are covered with untouched jungle, making it great for adventure lovers. It’s also a savvy investment choice, as several factors make the area prime for a boom in the coming years.
Our newest development, Boca Chica Island, is a 400 acre private island covered in jungle and rainforest. It lies 10 minutes off of Panama’s Pacific coast and is surrounded by about 50 other mostly uninhabited islands. We think Robinson Crusoe would approve.
If your idea of a dream destination abroad involves something more–or in this case, less–than a string of high-rise condos and all-inclusive resorts, then maybe an Adventure Colony could be right for you.
Map of Panama
Panama Fast Facts
- Population: 3.8 million
- Typical temperature: Temperature typically varies from 72°F to 91°F
- Nearest airport with U.S. flights: U.S. Bound flights leave daily from Tocumen International Airport
- Nearest U.S. consulate: Panama City