Due to its location as the southernmost country in Central America, Panama has a unique, tropical climate. While many might expect the weather to be hot and sunny all the time, due to the country’s proximity to the equator, that’s not actually the case.
Panama does experience “seasons” just like the rest of the world. They’re just a little different than what most North Americans are used to. It’s also important to note that you can easily adjust the temperature and humidity, merely by moving to a slightly higher (or lower) altitude.
Here are eight photos that can help me explain a little bit more about the Panama climate.
It is very wet.
Natalia Perez Pabon
Panama gets a lot of rain. Especially during the “wet” season, which is generally April through December. It starts with frequent afternoon showers in May and then culminates in November with torrential downpours that can last for days. The rain falls much heavier on the Caribbean Coast, which can see twice as much rainfall as the cities on the Pacific Coast.
Also, while there is the occasional thunderstorm, Panama is outside the hurricane belt and therefore experiences few natural disasters.
And it can get really hot.
Marissa Strniste
Be warned. When the rain stops, the sun comes out. That means you can go from being cool and wet to being hot and humid in a matter of an hour. Again, temperatures on the Pacific Coast are a bit milder than on the Caribbean Coast.
Although sometimes it is just warm.
Kent MacElwee
Most expats would agree that the best days are those during the changing of the seasons. A cool breeze off the ocean means it is the perfect temperature most of the day. The rainfall is manageable. Those are the days when you should drop everything, grab a book, find a rancho, and spend your day in splendor.
And, on those rare days, it is dry.
Marce Sánchez
Dry days might be few and far between during the rainy season, but they do exist. When they do come along, they’re the perfect opportunity to lie in a hammock on the beach in a spot that might be too humid under normal circumstances.
And even cool.
F Delventhal
You might be surprised to know that there are some spots in Panama that can get surprisingly cool, particularly in the higher elevations. If you aren’t a fan of the heat and humidity, you might find your ideal destination somewhere in Panama’s beautiful mountain communities.
It can be damp.
Ken Mayer
Even though the official rainy season is April through December, showers are not at all uncommon year-round in Panama. People who live in mountain communities seem to be less bothered by the wetness, as the humidity is much less noticeable in the much cooler higher elevations.
As well as sunny.
Micheal Moink
When it isn’t raining, Panama gets more than its share of sunshine. Especially during the dry season, January through early April. During the dry season the capital, Panama City, might enjoy a low of 75 degrees Fahrenheit and a high of 86 degrees. Regardless, the temperature rarely exceeds 90 for more than a short time.
But those are the best days to go house hunting in Panama!
But, most importantly, it is spectacular!
descubriendoelmundo
What will tomorrow bring?
Attempting to forecast day-to-day weather in Panama is a virtual waste of time. Why? Because there is always a 90% chance that it will be hot and sunny during the dry season, and hot and humid with about a 40 to 50% chance of afternoon thunderstorms during the rainy season.
It doesn’t take a meteorologist to predict that!
Which Panama climate do you like best? Leave us a comment below about your favorite Panama climate!
Many people seeking the island life gravitate towards the islands in the West Indies or the Eastern Caribbean, but there are so many options out there. For instance, the Western Caribbean nation of Belize hosts a number of locations that make a great island lifestyle possible, including Ambergris Caye.
Once the decision to move down to a gorgeous tropical destination to live out your tropical lifestyle dream has been made, the real work can begin. And of course, start first with investigating all there is to know about living in Belize.
Rich MacDowell
We think a good place to start is Ambergris Caye. There are plenty of homes for sale for reasonable amounts of money, but that’s not the only reason to live there. Belize has plenty to offer, including English as its official language, an established expat community, and great ecotourism opportunities for fun in the sun.
From Fishing and Farming to Shopping and Fine Dining
Many of the island’s locals include immigrants from Mexico, as the island was once a large coconut producer and fishing town. Only recently has that changed as Ambergris Caye has become largely dependent on tourism. It’s the largest island in Belize (out of over 200), 25 miles long and over a mile wide in some spots.
The water there is the beautiful blue for which the Caribbean is famous. The second largest barrier reef in the world (over 190 miles long) protects the island and the coastline of Belize.
Though the island is quite long, San Pedro Town is the only part with inhabitants. The town itself is only a mile long and a mile and a half wide. You’ll find a lot of the usual tourist trappings here: gift shops, bars, and fancy restaurants for those on vacation. However it’s far from feeling “touristy.”
Ambergris Caye Is “Simply” Irresistible
Many people enjoy Ambergris Caye because they want the beach life, but they don’t want to live in a high-rise on South Beach or another built-up paradise. They love it for its simple charm. Like the dirt streets that are constantly watered down to prevent dust or the frequent hum of golf carts zipping by. Some buy land and build their own home, and find their creative spirit, like creating art from the driftwood that runs up on shore.
The simplicity also helps with keeping costs down. For example, $50 per year for golf cart insurance beats the heck outta hundreds or thousands for car insurance. And in this case, remote and simple doesn’t have to mean disconnected. Reliable internet service makes it easy to keep in touch with family back in the U.S. or operate a business from your home.
Quality medical care is also readily available and affordable. Dental procedures cost only in the tens of dollars, compared to a few hundred back home.
Amaury Laporte
Affordable, But Not Cheap
While we’re on the subject of cost, you may be wondering how much it really takes to live in Ambergris Caye. The truth is that, while it is one of the more expensive places to live in the country, due to its beautiful beaches and pleasant surroundings, you’ll still be saving a significant amount in comparison to the United States. And, just like anywhere, costs can vary greatly depending on your location and lifestyle.
Home costs can run as low as $300 a month for a basic house or apartment, but beachfront condos can run in the thousands of dollars. It is much cheaper over time to own the home, especially since property taxes are incredibly low. Electricity and other utilities may be expensive, depending on the usage. You can cut down costs by getting energy efficient appliances, and using air conditioning sparingly.
Groceries can be cheap, if you stick to non-American brands and a red meat-less diet. Alcohol is relatively cheap, but your wine habit may cost you a pretty penny. There’s a wide selection of consumer goods on the island, but anything else has to be shipped, which adds some additional costs.
One expense you’ll need to consider is getting to and from Ambergris Caye when visiting family back in the States. JetBlue, Spirit, and Southwest Airlines have made a run at many Caribbean and Central American nations, offering return flights for under $300 in some cases from as far as New York City. Belize, on the other hand, has fewer competitors vying for the destination, so you’ll see a lot fewer “flight deals” than to other places in Central and South America.
Cloud 2013
Stay Busy (or Not) on Ambergris Caye
If you’re worried about getting bored on Ambergris Caye, you may want to check out your priorities. With the aforementioned second-largest barrier reef on earth, you’ll find plenty of diving opportunities around (ever heard of that little thing called the Blue Hole?). Shark Ray Alley also allows you the opportunity to swim with sharks. And, with such a healthy reef just off the shore from your home, sport fishing is a popular activity in the area.
For land lovers, there are things to do on shore as well. If you’re an epicurean, there are dozens of restaurants that may tickle your fancy. Or, if you’re interested in nightlife, there are several late-night bars providing entertainment for tourists and locals alike.
There are even a few attractions underground! Since Ambergris Caye is a limestone atoll, there are actually caves that you can explore to escape the heat. Other eco-opportunities include Bacalar Chico National Park, Marco Gonzalez Maya Site, and escaping to the mainland of Belize which features an incredible amount of ecotourism, including cave tubing (yes, you read that right!).
Or, if a little relaxation is all you’re after, there are plenty of opportunities to just kick back and enjoy the beautiful vistas and the soothing sounds of the Caribbean waves and wildlife.
So, is Ambergris Caye the island for you? It combines the Caribbean island life, coupled with some authentic Belizean culture. Read more of what we’ve written about this Caribbean paradise, and see if you can make your island life a reality today by moving to Ambergris Caye.
Lake Atitlan, Guatemala has long been heralded as one of the most stunning lake vistas on the planet. Luminaries such as Aldous Huxley and Alexander Von Humboldt have labeled it as the most beautiful lake in the world.
The communities around Lake Atitlan have steadily gained popularity, among both tourists and expats looking for a unique destination off the beaten path. The nine lakeside communities that surround the lake have undeveloped potential waiting for those adventurous enough to take a closer look.
Nunavut
5 Truths That May Surprise You About Lake Atitlan Guatemala
There are some important facts about Lake Atitlan Guatemala that will dramatically impact how you view the potential of this highland community as a place to live and invest. The top five of these truths are listed below (in no particular order of importance).
Atitlan Is Easy to Access
Located in the highlands of the Sierra Madre de Chiapas mountain range, the pace of life in and around Lake Atitlan is certainly far less hectic than other, more populous locations. However, in spite of what may at first appear to be a remote location, the area is a short two and a half hour drive from Guatemala City. The international airport there is continuing to expand the number of international flights that will connect Guatemala with many U.S. and European cities.
After arriving in the lake region, getting to the various villages that make up the Atitlan, Guatemala community is accomplished by taking one of the many lanchas (small boats) that can be found at the docks. These water-going “buses” have no regular schedule but, generally, can be expected to run on the half hour. This local mode of commuting is both inexpensive and a great way to immerse yourself in the culture of “Lago Atitlan.”
Not Cheap, But Affordable
The truth is that real estate in Lake Atitlan Guatemala is affordable. This is not to say that it is cheap, however. Articles that make claims about living in this tropical paradise for $500/month, for example, are truly overblown.
For example, a modern apartment, utilities, groceries, some modest entertainment, transportation and miscellaneous expenses for two people could run in the $1,400 to $1,500 per month range. While this is certainly less than other Latin American locations, such as Playa del Carmen in Mexico, living lakeside still requires some budget considerations.
Nathalie Verwilghen
It Isn’t Crime-Free
Like any other area, the truth is that there is crime in Atitlan. After all, it is still Guatemala. While generally safe for expats and tourists, taking simple precautions (locking your doors, keeping valuables in a strong box, safe, or locked room, avoiding areas known for criminal activity, etc.) can certainly reduce the likelihood of become a victim.
As Guatemala continues to emerge as a growth opportunity, the disparity of wealth does lead to problems. However, this is no different than the situation in many American cities. Being aware of this simple truth can help make your Atitlan adventures safer and more enjoyable.
There Are Many Opportunities and Options For Investing And Living In The Atitlan Area
The several communities that border Lake Atitlan have great potential for those entrepreneurs looking to purchase land to either develop or hold as an investment in their portfolio. Additionally, there are turnkey properties that expats can immediately occupy. The variety of locations surround the lake range from modern to authentic. Here are some examples of what’s currently available.
- 3 bedrooms waterfront with car access – Located in the magical community of Santa Cruz La Laguna, on the north side of the lake, this all concrete house sits on a .75 acre lot with 200 feet of waterfront views and a caretaker’s house. The large windows make enjoying the beauty of Lake Atitlan a comfortable proposition. Fully furnished, the large master bedroom contains a king-size bed with ample closet space. The well appointed kitchen has modern appliances and plenty of pantry space. The second floor mezzanine can be an additional bedroom or den area. The $325.000 asking price also includes a 30 year, renewable, government lease contract.
- 3 bedrooms near the center of town – The community of Panajachel is the most visited community on Lake Atitlan and is the transportation hub for all the smaller lakeside communities that surround it. Priced at $165,000, these brand new three bedroom houses are just a block from the main pier to San Pedro, within walking distance to restaurants and tourist attractions. The design is ideal for a family retreat or a rental property for those who are seeking a second home in Latin America. Owner financing is possible during the pre-building stage (50% down, $5,000 per month for ten months, with the balance on delivery).
- Vacant lots for development or investment – The smaller, more rustic lakeside villages also provide an opportunity to purchase lots for development or holding for a later investment. The growing number of expats and tourists coming to Guatemala, and the highlands in particular, are providing a viable growth market and a wealth of opportunities for those with enough foresight to get in on the ground floor.
Michael Swigart
It Has 9 Completely Distinct Villages
In addition to the principal hub city of Panajachel, there are nine other villages that are located around and across Lake Atitlan. Each of these smaller towns have their own distinct flavor. San Marcos La Laguna, for example has the reputation of being a quiet community focused on meditation; San Pedro La Laguna is at the other end of the spectrum with a laid-back kind of vibe favored by the backpacker crowd.
San Antonio Palopo and Santa Catarina Palopo are authentic Mayan communities perfect for anyone wishing to immerse themselves in that timeless lifestyle. Similarly, Santiago Atitlan, the largest town on Lake Atitlan is famous for its Maximón shrine (blending Mayan and Catholic traditions). San Juan is becoming known for the stunning natural dyed fabrics made there.
And for those just looking to get away from it all while being surrounded by inspiring natural beauty and solitude, the villages of Santa Cruz la Laguna, San Lucas Toliman and Tzununa are the epitome of a magical highland, lakeside escape. Having so many options is a surprising and welcome truth about Atitlan
The Most Important Truth About Atitlan
Perhaps the single most important truth about Atitlan is that the region is definitely in the growth stage. The rich, vibrant Mayan culture of Guatemala is alive and thriving in Atitlan. Primarily consisting of two Mayan tribes-the Tz’utujil and Kaqchikel- this ancient cultural heritage is part of daily life in several of the smaller communities around the lake.
Being able to see and experience Mayan culture, not just as a tourist presentation, but as a way of daily life, is a profound experience that cannot be had in many places in the world. The moderate highland climate only adds to the ambiance of the region.
Combine that with the natural beauty, great climate, unique cultural blend all make this Guatemalan destination a place that must be seen and experienced firsthand to appreciate the potential for prosperity that it holds long term.
Bocas Del Toro has become recognized as one of the most popular tourist destinations in Panama. The rich biodiversity of the area, the sparsely developed shoreline, and the plethora of islands in the archipelago entice expats and investors who are seeking to find a less stressful way to live and enjoy island life.
There is certainly a transition curve to living a “Robinson Crusoe” style of existence in Bocas Del Toro. Yet there is also a great deal of untapped potential in terms of real estate and commercial growth that adventurers may find compelling.
photo by Panapro
Bocas Del Toro Is a Work in Progress
Like many areas that are experiencing growing pains, Bocas Del Toro does have challenges that may not suit everyone’s idea of a tropical escape. Knowing what to expect (or not) before deciding to move there is a sound way of making such a life changing decision.
Electricity Is Not a Given
Unlike larger, more developed communities, Bocas Del Toro does not have a power grid as such. The town’s electricity is supplied by diesel-powered Caterpillar Olympic Ready-to-Run Generators. As one might expect, outages do occur – especially during heavy usage periods like Carnival celebrations.
For those whose lifestyle requires a regular, mostly uninterrupted source of electricity, this somewhat rustic power solution may prove to be a hard obstacle to overcome. For others, however, there is a kind of romance to living in a place where the pace of life isn’t measured by the kilowatt hour.
Welcome to the Tropics
Bocas Del Toro is located on the Caribbean side of Panama. The weather is tropical; hot and humid. The average daytime temperatures year round are in the mid to high 80s. There are also two rainy seasons; May through August and December through the end of January.
When combined with the electricity status, air conditioning cannot always be counted on. Adjusting to the heat is something that could confound those who prefer a more moderate environment.
Limited Shopping and Services
What Bocas Del Toro has in abundance is beautiful shorelines, fantastic islands, and a great relaxed vibe. What the area is short on, however, are services such as banking, medical facilities, and shopping.
There is only one bank in Bocas Del Toro, the National Bank of Panama. The bank closes at 2:00 p.m. during the week (although it is open 9:00-12:00 on Saturdays), so planning ahead for any banking tasks is a good idea.
There are small shops and markets where you can find all your basic necessities. However, major items, such as appliances and electronics will require a trip to either Panama City or David.
There’s a definite trade-off between the rustic, laid-back Caribbean beach lifestyle and the amenities and conveniences of living in a faster-paced cosmopolitan city. You’ll have to decide if the loss of access to some consumer goods and modern conveniences is worth it.
Bocas del Toro via Celine
Investment Potential Is a Major Upside
The continued growth potential in and around the Bocas Del Toro archipelago promises a good return for investors looking to tap into the increasing popularity of the “Galapagos of the Caribbean.” Here are some great opportunities that are currently available, just waiting for those with a true entrepreneurial spirit.
Stunning Hotel on Isla Carenero
Located on Isla Carenero, this 5000 ft. beachfront property, known as Vista Azul Lodge, could be the ideal vacation home, bed-and breakfast, or idyllic tropical hotel. With six en suite bedrooms, each with its own king-size bed, and terraces that overlook the blue Caribbean, the name “vista azul” is certainly well deserved.
Additionally, there is a loft bedroom with two double beds that could increase the total number of guests to 14. Visitors can snorkel right off shore, explore the lush 4+ acres that make up the grounds, or enjoy the private pier and over 500 feet of coastline. The long term prospect for profitability makes the $1,300,000 asking price a reasonable initial investment.
425 Titled Acres with Ocean View and Unlimited Investment Potential
This parcel is for the entrepreneur who wants to dream big. The 425 acres (172 hecatares) are fully titled and are being offered for $689,000. In addition to stunning vistas of Bocas Del Toro islands, Changuinola River, and the Caribbean Sea, this parcel includes five small rivers, two waterfalls and a rainforest teeming with biodiversity.
There are over five kilometers of internal roads, many cleared lots, as well as a dedicated rainforest preserve that encompasses 1/4 of the property. With over $800 million in infrastructure improvements in the area, along with two housing projects nearby, the potential to turn this into an eco-resort, ranch preserve, or another type of development is limited only by the imagination.
Authentic Piece of History
There are also a number of possibilities for restoring some of the original residences built by the United Fruit Company in the early part of the twentieth century. For those seeking to capture the sense of those bygone days, these properties could be a wonderful opportunity to own a part of history.
S. McCallum
The Best Steps to Transition to Life in Bocas Del Toro
Knowing some of the challenges that await you as you look to finding your island dream can help you plan a course of action. Below are the best steps to begin your journey:
Set Realistic Expectations
When you realize that island living is a far cry from what you are used to, setting your expectations to include dealing with those differences can reduce the stress of adaptation.
Take Your Time
Remember that one of the big reasons island life was so appealing was that it was going to move at a slower pace. The flip side of that benefit is that things, like repairs, appointments, etc. are also going to be dealt with on a more casual basis. Take a breath, and remember you’ve got nothing but time…so enjoy it.
Become Part of the Community
One of the best ways to transition to any new living situation is to be willing to participate in your new community. As you become known to your neighbors and learn “how things work,” you will discover, one day, that you are no longer the outsider, but a part of the family.
Last, But Not Least…Don’t Lose Sight of Your Dream!
Island life isn’t for everyone; so congratulations if you’ve made the decision that this was a life path to follow. Even as you hit speed bumps while adjusting to your new environment, keep your dream close at hand. Bocas Del Toro is a place to reinvent and build new dreams. Go there and start the quest today.
Much media attention has been given to real estate in Ecuador and the amazing opportunity it represents for expats and retirees who are looking for an affordable place to live abroad. Cost aside, there are a lot of really great things to love about Ecuador, so it’s no wonder it’s become such a popular destination.
Ecuador offers easy access from the U.S., and its many visa options make the transition relatively simple. Many of its cities have good infrastructure, a wide variety of consumer options, and amenities you’d expect from a much more developed region.
There’s authentic culture, impressive ancient architecture, and climates to suit almost any preference. Not to mention the rich history, breathtaking scenery, and some of the friendliest folks you’ll ever find.
The Ecuadorian real estate market can also be a pleasant attribute. However, if you approach your house hunting journey with any misconceptions, it can also be a giant headache. Here are five facts that could, and should, change the way you think about buying a home in Ecuador.
Melosh
1. There’s no Multiple Listing Service (MLS) in Ecuador.
If you’ve ever bought a home in the U.S., then you (or your realtor) probably searched for available listings using the Multiple Listing Service, or MLS. Ecuador doesn’t have one of those. As a result, you’re on your own when it comes to finding properties for sale in Ecuador.
A good way to start is by hiring a buyer’s agent, since most real estate agents in Ecuador work for sellers, to help with your search. You can look for properties online via realty sites and expat forums.
It’s also a good idea, if you’ve narrowed your search to a particular area, to spend some time visiting and inquiring around about properties for sale. It may be that some of the expats or locals can connect you with someone who’s interested in selling, but may not have formally listed their property.
2. Ecuador is slowly becoming a buyer’s market.
Real estate in Ecuador was a hot commodity from 2006 to 2014 when the market could be best described as “booming.” This was largely because of the tremendous amount of media attention the country was receiving, touting it as one of the best places to retire or buy a second home.
However, the market has slowed as of late due partially to the drop in oil prices, as the economy depends heavily on its oil exports. To help boost the economy, the government has thrown around the idea of increasing property and capital gains taxes, and the real estate market is bracing for that possibility.
As a result of this uncertainty in the market, some sellers have started to lower their prices. One exception is in high-end neighborhoods where supply is low, demand is high, and the wealthy homeowners may be less desperate to sell. Prices in those exclusive areas have stayed the same or, in some cases, even increased.
Diez & Romeo
3. You’ll need a lawyer in addition to your realtor.
You’re familiar with the need, in the U.S., to hire an attorney to oversee the closing process and file the necessary paperwork. You usually sit down with them for no more than an hour, sign a stack of papers, shake hands, and that’s it.
Not so in Ecuador.
Just as you carefully research real estate professionals in order to find someone you can trust, you’ll need to do the same to find a qualified, bilingual (unless you’re fluent in Spanish) attorney who has experience handling real estate transactions for foreign buyers.
Their role includes ensuring there are no liens against the property or other restrictions that might delay or void the sale. They’ll research the property’s title and ownership history to make sure there are no concerns, handle all the paperwork associated with the sale, and then register your property once the transaction is complete.
4. Taxes and fees are pleasantly low.
Annual property taxes in Ecuador are typically 1% of the value of property as assessed by the local municipality, which is usually lower than the actual purchase price. And the total closing costs for someone buying property in Ecuador is between 2.3% and 4% of the price paid for the property.
Here’s how that breaks down. The transfer tax is a flat rate of 1% of the home’s value. There’s also a provincial transfer tax, which is $510 plus 0.11% of the value, and a registration fee that’s generally around 0.10% of the property value.
The notary fees can vary, but they’re generally 0.10% of the property’s value. These are all paid by the buyer. The seller only pays their realtor’s fee. Later on when you get ready to sell your property, you’ll also pay a capital gains tax of 10% of your profit.
Canoavilla
5. The transfer of cash looks very different.
Again, while you’re probably familiar with buying real estate via an escrow account, there’s no such thing in Ecuador. Instead, sellers will usually ask for a refundable deposit (as much as 10% of the purchase price). However, this should only be paid after all due diligence is done and there’s a signed and notarized promissory note.
Another hurdle involved in the buying process is the issue of transferring money into Ecuador. You’ll want to begin this process well in advance as wiring money into the country can take as long as 30 days.
Obtaining a mortgage is not out of the question. However, most financial institutions in Ecuador prefer very short-term financing in order to limit their exposure.
Buying property in Ecuador is a great proposition. However, before you start the process, make sure your head’s in the right place. Don’t be disillusioned by thinking it will mirror the same process in the U.S. Do your homework, and start your search today!
Panama has been a major player on the overseas retirement scene for a few decades. With its top notch infrastructure, incredible natural beauty, and attractive visa options, it’s a natural standout.
But with so much media attention and renewed interest in the area, it’s also become quite pricey. In many cases, the price of real estate and consumer goods rivals or even exceeds that of other trailblazing destinations in the region like Mexico and Costa Rica.
Emerging Terrains
Panama’s Last Accessible Frontier
However, before you rule out Panama in your search for the perfect expat destination, there’s one other place I think you should consider.
It’s an otherworldly landscape that’s still relatively accessible (and becoming more so with each passing month). It’s perfect for those who love nature, adventure, and the incredible Pacific Ocean with all it has to offer.
And, though this area is definitely poised for some serious growth in the coming years, at present it’s still one of those places where you can score those rock-bottom real estate deals that you thought didn’t really exist anymore in Panama.
Are you dying to know what this top secret destination is? Well, I won’t keep you waiting any longer.
It’s Burica, Panama.
Getting There Is Half the Adventure
Burica, Panama, is only a two hour drive from David. However, those two hours of travel aren’t your usual winding journey along the coast or through the countryside. In fact, when we first started our Playa Burica project, there wasn’t even a road that would take you to the end of the Burica Peninsula where the town is located.
Since the dense jungles that cover the peninsula extended all the way to the water’s edge, residents had to drive directly on the beach (which was only possible at low tide) to even be able to access the Burica community.
The government has now put in a road that allows access to the entire peninsula, but it’s still a rough ride. Rest assured, though, what awaits you at the end of that bumpy road is well worth your effort.
Thomas Richman
What Awaits You at the End of the Road
After bouncing along over a few miles of rocks and ruts, you’ll step out of your vehicle to some of the most amazing views in the tropics. Waves crash on the jagged volcanic reef that extends, in some places, as much as 200 meters out into the sea.
The reef, combined with the peninsula’s exposure to southern swells, allow for great surfing conditions. There are a number of secret surf spots in the area, which the locals guard with their life.
The deep-sea fishing off the coast of Burica is incredible, with many world record tuna, wahoo, black marlin, and dorado having been caught in those waters. One fishing lodge has already opened in Burica, and I’m certain others will follow.
The landscape is lush with tropical flora and fauna, and the beach is lined with towering palms inhabited by howler and capuchin monkeys, as well as the endangered red-backed squirrel monkey which is unique to the region. A look back inland affords views of Volcan Baru, Panama’s highest peak.
During low tide even more of the reef is exposed, which makes for an incredible moonscape. And, up until a few years ago, all of this wonder was virtually unknown to anyone except the locals.
Yes, You Actually Can Afford All of That
The amazing natural surroundings and opportunities for adventure that I just described could just as well have been excerpted from the listing for some exclusive resort property with an astronomical asking price.
But the prices in Burica, Panama, are far from excessive.
Because the area has only recently begun to draw attention from investors and developers like us, and because there’s little in the way of infrastructure or amenities, real estate prices are still relatively low. As such, there are some bargains to be had.
Playa Burica property in Panama
More Good News about the Value of Property in Burica
The area is in the second of the five stages of development we’ve identified for tropical destinations. That means it’s currently most attractive to large-scale developers who are buying large tracts of land as investments.
What that means is that, as more and more developers buy property in the Burica area, everyone else’s property value gets an automatic boost with little to no effort whatsoever. And every new development that gets built is going to have to include more and better amenities in order to keep up with the market.
It’s a win-win for property owners who get in during the early stages! It might be too late to be the first on the scene, but there’s still plenty of room for improvements that are going to make property values take off in Burica.
Emerging Terrains
Even Better News about Real Estate in Burica
So, buying real estate at rock-bottom prices is good. Seeing nearby developments inadvertently up the value of your property is great. Having the government invest in infrastructure that greatly increases access to your land is even better.
And that’s exactly what’s happening in Burica.
We’ve already seen what happened to property values when the new road gave access to the end of the peninsula for the first time ever. Well, also in the works is a new 4-lane road from Paso Canoas, on the Costa Rican border, to Puerto Armuelles, which is the last “big” town before you head out across the peninsula.
This is important for a couple of reasons. First of all, it makes the area even easier to access. Secondly, this project foreshadows that the government is apparently planning to continue to invest in Puerto Armuelles, which is good news for Burica residents who will benefit from additional services and consumer goods nearby.
Another major infrastructure improvement that’s coming is the expansion of the airport in nearby David. When the current expansion and renovation are completed, the Enrique Malek International Airport will be able to open its runways to flights from the U.S. and many other nations that were previously unable to access this region directly.
The Clock Is Ticking for Burica, Panama Real Estate
These infrastructure improvements, which will infinitely improve access to Burica, could mean a tremendous influx of tourists, expats, and investors to the area. That’s nothing but good news for us pioneers.
But it’s also a compelling incentive to act quickly. Burica may be one of Panama’s last frontiers, but it won’t stay that way forever. Check out our Burica, Panama real estate page for what’s currently available in the area. If you think Burica could be your dream destination, the time to act is now.
Buying property overseas can be an attractive proposition, both in terms of some incredible views as well as some great investment opportunities. However, due to the unique nature of international real estate, it’s important to keep a few things in mind to help the process go smoothly.
Taylor White
Here are eight tips for house hunting overseas.
1. Keep an open mind.
You may have a specific location or type of property in mind, but you should always go into the process willing to consider a number of options. By doing so, many expats and investors have inadvertently stumbled onto some incredible gems they might not have otherwise considered.
Don’t limit yourself by looking at only specific styles of homes or those in a certain neighborhood.
2. Work with trusted professionals.
No matter how much research you do, no one can know the local market and the nuances of the buying process as well as a local professional with years of experience. However, don’t automatically assume that anyone with the right title can do the job.
Make sure to get plenty of references and solicit the advice of other expats when choosing who to work with.
3. Get to know the area.
Before buying property in a certain town or region, it’s important to know it as well as you can. What’s the weather like? How about in the off-season?
And what about crime? Is that an issue? Consider the needs of your family to make sure the schools, health care, and other services match up with what you require.
Costa Rica Beauty
4. Don’t buy the first place you see.
Potential expats are often blown away when they realize what their money will buy in their desired location vs. what they would pay for a comparable property back home. But that’s no reason to jump at the first opportunity that comes along.
By seeing numerous properties and comparing their prices and amenities you can enjoy your new home feeling like you paid a fair price for it.
5. And, for heaven’s sake, don’t buy anything you haven’t seen.
You’d think this one goes without saying, but it doesn’t. So we have to say it anyway. You can look at pictures of a property ’til the cows come home, but there’s no substitute for seeing it for yourself.
A realtor might fail to mention that the amazing listing she sent you sits right next to the public dump or that the road to the property stays completely washed out during the rainy season.
6. Do your due diligence.
International real estate can be tricky, especially when it comes to titles, liens, and other legal concerns. Before making an offer, it’s important to thoroughly research the ownership of the property as well as verifying that all appropriate permits, easements, and other permissions are in order.
The same goes for property inspections. Unless you’re prepared to end up having to level the house and start from scratch, make sure the construction is sound.
7. Thoroughly vet potential developers.
When buying a pre-construction home in a new development, it’s even more important to do your homework. Get references. Research previous projects. Read the fine print. Developers promise a lot, and you want to make sure yours can guarantee that the end result will look like the colorful computer-generated images in his brochure.
You’ll also want to think about how you’re going to monitor the progress of the development during the construction period.
Roman Königshofer
8. Sleep on it.
Realtors and developers are skilled marketers. They’ve been known to make a hard sell and try to persuade potential buyers to sign on the dotted line and make a deposit while they’re right there on the property. Don’t fall for it.
Instead, take some time to think about it. See if you still feel as strongly about the property when you’re not standing on it. While it may be a perfectly good decision, you’ll never regret giving yourself 24 hours to be 100% certain it’s the right one for you.
Buying property overseas can be an intimidating idea, especially for first-timers. Employing these tips can save you anywhere from a few headaches all the way up to thousands of dollars in costly mistakes. Don’t hesitate any longer. Open up your mind to the possibilities!
They say a picture is worth a thousand words. So when it comes to convincing you as to why you should consider living in Dominical, Costa Rica, all I should really have to do is show you this.
Josh Linnes
That’s the view from what will be the site of our next development, high on a hill overlooking the beautiful Pacific Ocean and arguably the best surfing destination in Costa Rica.
Still not convinced?
Well, just in case you need a little additional persuasion, here are 4 more great reasons Dominical, Costa Rica, is THE best place to live and invest in Central America.
It’s Quintessential Costa Rica
When most people think about Costa Rica, they picture magnificent lush green mountains teeming with wildlife that tumble directly down onto sandy white beaches where impressive waves wash up under the shady palms.
It sounds like a postcard. And it’s exactly what you’ll find on the shores of Dominical.
Not only does it look like the Costa Rica ideal, it has the same natural, laid-back feel you’d expect from a top tropical destination. From all the surf schools and yoga studios to the rainforests and caves to explore.
Dominical also boasts enough development and consumer options to get you by, but it’s far from becoming North Americanized or touristy. Most of the streets in town are unpaved, giving it a quaint, rustic feel.
PROVíctor Bautista
Dominical Is in a Great Spot Development-wise
On that note, it’s also worth mentioning that Dominical is currently at a crucial turning point in its development. While most of the roads within the city limits are dirt, the highway leading TO Dominical has been recently paved.
As a result of this improved access, things just got a lot more interesting in and around Dominical, Costa Rica. Property values are on the rise. New developments are being planned all over the area, ours included. This little town is really taking off.
But, wait. Don’t freak out and think that Dominical is riding some bubble that’s about to burst or that it’s on its way to becoming a tourist trap. Dominical has a long way to go to catch up with some of the other popular destinations in Costa Rica. And there are still some great deals to be had on real estate in Dominical.
So, its rapid development doesn’t mean it’s time to get outta Dodge. It means that big things are happening in Dominical, and you could be a part of them.
Surfing Is Only the Beginning of What Dominical Offers
If you’ve considered Dominical as a possible destination, but worried that it’s only appealing to surfers…think again. Yes, surfing is the number one draw for the majority of people who visit Dominical, but it certainly isn’t a requirement for those who want to live in this coastal paradise.
There are a ton of other things to see, do, and enjoy around Dominical. Here are a few:
- Mangrove exploration – These habitats are disappearing rapidly across the planet, but there are plenty to explore near Dominical. You can hop in a kayak and get up close and personal with all manner of birds, reptiles, and plants that are indigenous to these environments.
- Corcovado National Park – Ranked the third best national park in the world by National Geographic, this 103,000 acre park is home to 140 different mammals, 400 types of birds, plus monkeys, jaguars, and sea turtles.
- Fresh seafood – If you’re into fishing, the waters off Dominical are prime for catching sailfish, marlin, yellowfin tuna, mahi-mahi, and more. If you don’t want to reel in your own, there are plenty of restaurants where you can enjoy the fresh catch while you sit beachside with your toes in the sand. There’s also plenty of fresh produce sourced from the mountain farms.
- Jungle tours – Hop on an ATV or even a horse and head inland to enjoy the beautiful rainforests, waterfalls, and wildlife. The Nauyaca Waterfalls are a popular destination nearby, and zip lining through the canopy is a favorite activity of land adventurers.
- Whale watching – The Marino Ballena National Park is an incredible place to see humpback whales. This marine park is a short distance from Dominical.
- Diving and Snorkeling – Another popular day trip from Dominical is Cano Island, which offers some of the best adventure diving in the world. This island boasts an incredible variety of marine life.
Christian Haugen
But the Surfing Is Hard to Beat
I can’t talk about all those other things without at least letting the surfing in Dominical have its fair mention. Because it’s incredible.
With waves over 10 feet high, four kilometers of sandy beach, and warm water, Dominical is a surfer’s paradise. It has long attracted surfers from all over the world.
And, even if you’re not quite ready to tackle some monster waves, there are plenty of surf schools that can help you get the hang of it. And, if not, at least you know that there are plenty of other activities to keep you occupied in Dominical.
There’s a lot more to love about Dominical, Costa Rica, but there’s nothing that compares to experiencing it firsthand. Just think, if that one photo can evoke such strong emotions, what must it be like to see it for yourself?
If you are one of the many people who are considering moving to Ecuador as a possible retirement destination then you’ve probably already read up on Ecuador and wondered if all the things you’ve learned are true. Is it really as great as they say? Or as inexpensive?
And what about all the things you haven’t yet learned about Ecuador? Is there any scary information out there that you have yet to discover?
To help you out with your preparation, we’ve rounded up 11 things you need to know before moving to Ecuador. These should give you a good start to getting a better understanding of this popular expat haven.
Malcolm Surgenor
1. You will miss your family.
If you come from a close-knit family and you move to Ecuador, you better believe you will miss your kin. Yes, you can go visit but let’s be realistic. With flights back to the U.S. costing thousands of dollars, taking biannual or even annual trips to the States can add up fast.
2. There are still significant expenses in Ecuador.
Yes, you can save money living in Ecuador, and there are some great Ecuador real estate deals. But take a hard look at the numbers when deciding what you can afford, and always plan for the unexpected. Also remember that prices may vary from location to location, so choosing the right spot is key to making your budget for paradise go even farther.
3. Prepare for culture shock.
Get ready to move out of your comfort zone, immerse yourself in an entirely new culture, a different language, and a different way of looking at life. If you can do this, adjusting to Ecuador will be easier.
We recommend trying it out first. Spend some extended time there before making a final decision. If you can’t do that, then do something else to get in the habit of being out of your comfort zone, anything you can do to “try on” a new adventure.
4. Visit once, and then visit again.
It is a good idea to visit before making the move to Ecuador. As much as possible, in fact. It may sound absurd to think someone would make such a leap without ever setting foot in Ecuador, but trust us. People do it all the time.
Even within the same country there are huge varieties of climate, culture, and lifestyles in Ecuador. So make a trip down and travel around. Find a place you love and stay for a few weeks to get a feel for the way of life.
Knight 725
5. Take a hard look at your stuff.
Should it stay or should it go? This is a heavily debated question among would-be expats. The government will help you out a little, as import taxes can be waived on household goods or work equipment brought into the country by those moving to Ecuador. But is it worth all the other associated expenses and hassle?
This depends on your level of attachment to your personal items. The truth is that most things that can be bought in the U.S. are also available in Ecuador. Will they be of the same quality? Probably not. The answer to whether or not you’re okay with that will help you as you select which items to pack or toss.
6. Get your finances in order.
Start now getting your financial life in order online. No matter where you move in Ecuador, the chances are good that you will still have credit cards or bank accounts or other financial concerns back home. The more of these you can manage electronically, the better.
7. Decide whether you can live without peanut butter.
Any way you slice it Ecuador is going to be different from where you came from. That includes everything from what you can buy at the store to the level of services and amenities you can get. Some people never think of this…until they can’t find their favorite brand of peanut butter or other cherished item from back home.
Take some time to sit down and make a list of everything you use, right down to the brand of crackers you buy, the medicines you take, the favorite foods you eat. Then go back down the list and imagine your life if you couldn’t get each of those items.
Khedara
8. Determine what Ecuador visa you need before you move.
No matter where you move in Ecuador, you will need a residence visa. Planning for your visa before the move to Ecuador might mean a much better visa experience once you get there. Need help determining which visa is right? There are many resources that can help you determine exactly which one is best for you.
9. Yes, brush up on your Spanish.
It is a good idea to learn at least some Spanish before moving to Ecuador. You can get by with just speaking English, but what happens when you are in an emergency situation and cannot communicate? There will definitely be situations where knowing at least a little bit of Spanish could make a big difference.
Another fact you may not have considered is that learning Spanish will increase your self-esteem and help you better assimilate to the new culture when moving to Ecuador. Learning to communicate in Spanish might help you avoid feeling like an outsider in your new environment.
10. Fido and Fluffy can be expats too.
If you are taking your pets when you move to Ecuador, do yourself a favor and learn what will be required for them. They can only enter the country if they’ve received their appropriately timed vaccines, and you’ll need a health certificate signed by your pet’s veterinarian. It’s not exactly a piece of cake to bring your pet to a foreign country, but if you do your homework you’ll find it can be done.
11. Double-check, and then check again.
When preparing to make the move to Ecuador, double-check everything on your list. And then do it again. You’ll undoubtedly be running a bit ragged right before the move to Ecuador. But taking the time to proactively ensure things like your paperwork and finances are in order can save you a lot of headache on the back end.
These 11 tips may not apply to everyone who wants to move to Ecuador. But they’re a great start for anyone who’s considering such an important step. By thoroughly researching and carefully planning, you can take a lot of guesswork out of the process and head more confidently into the exciting new life that awaits you!
Something we at VivaTropical get asked all the time is “Where is the best place to live/invest/retire in the tropics?” And the answer to that is…we don’t know.
I mean, we know a LOT of really great places down here. We just don’t know the one that’s best for YOU.
So, while we can’t tell you exactly where you should move or retire to, we can give you a lot of really great options. In fact, we recently did just that when we listed the “Top 57 Places to Live and Invest in the Tropics.”
It’s a free download of over 200 pages of facts and amazing photos detailing what we think are the best overall places to live your life, invest your money, or both.
It’s based on a lot of different factors, such as the cost of living, quality of life, and real estate outlook for each area. I suggest you check out the whole ebook, or at least the places that interest you in the table of contents.
Meanwhile, here are our top three picks, as well as a few others that we think are great up-and-coming destinations.
#1 Nosara, Costa Rica
Nosara, Costa Rica is the perfect example of development done right. When the town was first established in the 1970s, the developer had a master plan to make it a top notch destination, and the residents have carried it out for decades. Most notably, the beach remains free of any high-rises to block the incredible sunsets.
Nosara has top-notch surfing, first-world amenities, and modern conveniences you won’t find elsewhere. Yet it’s not overcrowded or touristy. It’s clean, healthy, safe, and has great schools, making it ideal for young families. And did I mention that it’s breathtakingly beautiful?
Mihai
#2 Cuenca, Ecuador
One thing that attracts a lot of people to Ecuador is its affordable cost of living, but that’s far from being the main reason you should consider Cuenca. While it is less expensive than many expat destinations, it delivers big on amenities, culture, and community.
The best of both worlds, Cuenca offers big city conveniences in a quaint little small-town atmosphere. Its architecture is striking, and it’s rich in history. The town’s many colleges and language schools make it a virtual melting pot of unique people and ideas.
Dark Times Press
#3 Boquete, Panama
One of the neat things about Panama is its incredible infrastructure. And you won’t find many places in Central America as well developed as this expat haven. Decades of North American influence have paved the way for a first-world experience for expats living in Boquete.
But before you think it sounds too much like the U.S., consider the incredible nature that surrounds you in Boquete. Known as the “Valley of Flowers,” the hillsides around the town boast orchids and coffee farms. The rivers offer world-class whitewater rafting. And the rainforests are home to a variety of birds and other wildlife.
Some Honorable Mentions
photo by VivaTropical
#8 Boca Chica, Panama
Though it’s still relatively unknown, or more likely BECAUSE it’s so unknown, this destination scores off the charts on our Real Estate Prediction Meter. This coastal town and its 50+ islands in the Gulf of Chiriqui deliver all the things people love about ocean adventure and island living, but at a fraction of the cost.
As it becomes more and more accessible, we think this area is really going to take off. Its close proximity to David, plus new roads and a newly expanded airport mean big appreciation for real estate investors in Boca Chica.
#13 Dominical, Costa Rica
Costa Rica is truly an amazing place to visit or live. And Dominical has the best of everything this country has to offer. From the unparalleled surfing to the breathtaking panoramic views, this is one place not to be missed.
The town is really growing, but not in a manner that takes away from its natural beauty or the whole idea of what the place is really about. The incredible opportunities to experience nature, plus the renewed interest in the area make it a great option for expats and investors.
You can find out more about these and the other 52 destinations that made our list by downloading our ebook. Take a look! Which one of the top 57 places to live and invest is right for you?
Escazú, Costa Rica has long been known as a high-end neighborhood that is home to the country’s economic and political elite. Expats who are seeking a modern, urbanized lifestyle have been drawn to this suburban mecca which is recognized as one of the most desirable locations throughout Central America.
Yet Escazú is much more than a mixture of upscale properties and modern amenities. Looking at Escazú as a place for investment potential, both in terms of rentals and residences, can provide a different and important perspective about this popular city.
Long acknowledged as one of the wealthiest places in Costa Rica, Escazú has become known for its exclusive neighborhoods, modern amenities, expensive shops, and restaurants. It has also become known as one of the most preferred expat enclaves throughout Latin America.
What is not often realized, however, is that those features are just a part of what makes Escazú such a unique opportunity for investors and expats alike. Beyond the glamour of Avenida Escazú, the Multiplaza, and similar areas, Escazú’s popularity among foreigners also makes it a great place to live and/or invest for both the short and long term.
TTimes
Three Cities in One
Escazú, Costa Rica actually consists of three different communities, each with very different characteristics. Located on the slopes of Cerro Escazú, these three neighborhoods are the key to what makes this popular city so special.
San Rafael de Escazú
This is the lowest in elevation and closest to San Jose. Easily the most trendy and developed section of the city, San Rafael is the commercial drawing card with international dining options, upscale accommodations, and a vibe that could remind many of Beverly Hills, but with a distinctly Costa Rican atmosphere. The large, English-speaking expat community is also centered here.
Escazú Centro
Located a mile further up the slopes, the actual name of this neighborhood is San Miguel de Escazú. This is the original colonial town of Escazú which is laid out around the town square as was the design of that era. This community captures the true local flavor of Costa Rican culture with many local restaurants and shops providing a dynamic contrast to the more developed metropolitan area of San Rafael.
San Antonio de Escazú
The smallest and quietest of the three neighborhoods, San Antonio sits higher still on the Cerro Escazú slopes. Luxury properties are blended in with the more rustic rural homes of the native Costa Ricans. Preferred by expats seeking a quieter lifestyle, this small community captures more of a small-town feel than its more active counterparts below.
It can truly be said that the community neighborhoods of Escazú make up a perfect microcosm of 21st century Costa Rica. From a well-developed cosmopolitan atmosphere with modern amenities, to a truly “tico-style” village, and, finally, the peaceful vibe of a small town, Escazú, Costa Rica demonstrates the living and investment possibilities of this Central American destination like no place else.
Doug Massey
A Great Base Camp for Exploration
One of the most important features to consider about Escazú, Costa Rica is its prime location as a base for exploration, not only for Costa Rica, but the rest of Central America as well. Being just minutes away from the major international airport of Juan Santamaria in neighboring Alajuela makes getting in and out the country extremely convenient.
Sitting at the gateway to the Central Valley and the recently completed Caldera Pacific Highway, Escazú is a great place to start your Costa Rican adventures. Popular destinations such as the Peace Garden; Poas and Arenal volcanoes to the north; and the surfing beaches of Jaco and Playa Hermosa Puntarenas to the south are easy to get to via car, shuttle, or tour bus.
Casa de Lujo
A Different Perspective on Escazú Costa Rica
Some Examples of the Wide Variety of Escazú Properties
Escazú, Costa Rica has a wide variety of properties that range from comfortable condos to luxurious villa-style homes. Below are several examples that demonstrate this variety.
Corner high density lot in great location. If you thought that there weren’t any opportunities to create and develop your own building project in Escazú, think again! This corner lot is close to the commercial area, including banks, schools, and restaurants. The flat topography will make construction much easier. At $452,000 this prime location promises a great return for the money.
2-bedroom, 2-bathroom condo. It’s not necessary to be a millionaire to live in this great community. This attractive, first floor condominium is located in a well-maintained community with amenities such as a playground, pool, and 24/7 security. The unit itself has 2 bedrooms, 2 baths, a kitchen with modern appliances (less than two years old), office, living and dining rooms and much more. Furniture can also be negotiated if you don’t wish to add your own. This ready-to-occupy gem is being offered at only $140,000.
Luxurious 4-bedroom 4-bathroom single family home. When describing this spacious 4-bedroom, 4-bath single family home, the key word is “luxurious.” Located in a high-security, gated community that has television monitors, motion sensors in every home, a perimeter wall, and a gated and guarded entrance, this property sits on a 0.3 acre well-maintained lot. The living space is a majestic 5,813 sq. ft.
This two-level structure has modern state-of-the-art appliances and high quality finishes throughout. The first floor has a large open kitchen, an auxiliary dining area, a comfortable living room overlooking the spacious terrace and garden area, maid’s quarters, and a BBQ area. The second floor has four spacious bedrooms, each with their own full bathroom and air conditioning unit. In addition, the community has a clubhouse for parties, a large heated pool, and playground. Clearly, this home is worth the $1,150,000 asking price.
More Than Just a Pretty Face
The magic and possiblities of Escazú Costa Rica go far beyond its reputation as a bastion for the well-to-do. Whether looking for a base from which to explore all that Costa Rica offers, finding a vacation home that can also bring good returns as a rental property, or developing a new project, Escazú should be high on the list of places to consider. Visiting this special city is the best way to appreciate all that it offers, and now is the best time to start the adventure.
Viva Tropical Radio
Just returned from a Nicaragua trip, Josh breaks down the investment and living potential for the northwest corner of this beautiful country. The area, called Chinindega, has mostly flown under the radar as a place to live for expats.
Josh talks about the region’s attractions, prices, building, and why he loves it. He also interviews Jannene Harker a New Zealander with the first planned development of the area. She discusses how she settled into this spot and why she decided to create her own project.
Find out why this place is sure to boom and why you should consider it before it’s too late and gets expensive.
Tune in now.
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