Places To Live Well In Panama City

The Four Most Affordable Neighborhoods In Panama City (That You’ve Probably Never Heard Of)

March 28, 2012, Panama City, Panama: These four neighborhoods along Via Tocumen offer the best options and the best value for comfortable, affordable living near Panama City.

Dear Live and Invest Overseas Reader,

"Living in Panama City isn't cheap, not if you're talking about the city center," writes Panama Letter Editor Chris Powers. "Living in popular areas like El Cangrejo, San Francisco, and Costa del Este requires an average budget of no less than US$2,700 per month. And, realistically, you're likely to spend more than that to enjoy a comfortable lifestyle including dining out frequently and filling your pantry with the imported foods you miss from the United States.

"In recent issues of the Panama Letter, I've reported on affordable areas outside the city, but maybe you don't want to live out in the interior of this country. If being near the city is what you desire, but you don't want to pay the price of hanging your hat in Casco Viejo or Punta Pacifica, you must be asking yourself, 'Where do the middle-income locals live?'


Life In Panama City

What Is Life Really Like In Panama City?

March 27, 2012, Panama City, Panama: How does day-to-day life in Panama City compare with the Panama City depicted in the Mark Wahlberg movie “Contraband”?

Dear Live and Invest Overseas Reader,

Lief and I saw the movie "Contraband" here in Panama last weekend. It was fun identifying the different spots filmed in Panama City, at the Miraflores locks of the Panama Canal, and in the very local neighborhood known as Chorillo, where some of the more off-color action of the film takes place.

If you haven't seen the movie, I'd recommend it if you have any interest in Panama. The story takes you back and forth between New Orleans and Panama City. Sometimes, it's hard to tell the difference between the two locations. The more unsavory neighborhoods of the Big Easy could easily be mistaken for the more unsavory neighborhoods of Panama's capital.

That's one observation.


Being Part Of The American Psyche

Come Out From Behind The Bullet-Proof Glass

March 26, 2012, Montevideo, Uruguay: One of the biggest benefits of becoming part of a new culture and a new country can be the chance to walk away from the “target” status that the United States has created for itself.

Dear Live and Invest Overseas Reader,

"This week I got a good lesson in what it's like when your country's a target," writes Latin America Correspondent Lee Harrison, "and experienced one of the biggest benefits of being part of another culture.

"A few days ago I found myself walking along a quiet, tree-lined street in Pocitos, Montevideo, one of the city's nicest neighborhoods. I checked the address I was looking for and walked up to an attractive, colonial-style home.

"As I approached the front gate, it glided open. A few yards farther on, I reached a beautiful old-fashioned wooden front door, which also opened quietly as I approached. (I thought it was a clever system, but later learned that the receptionist inside had seen me coming and pushed a button.)


Expats In Panama City

You Never Know Who You Might Meet In This Melting Pot Town Of Opportunity

March 25, 2012, Panama City, Panama: Panama City, Panama, is a melting pot town of opportunity attracting investors and entrepreneurs from around the world.

Also This Week: Santiago Would Be A Top Retirement Choice But For Just This One Thing...Every American With Interests Offshore Needs This Information Before April 15…Why Rum And Real Estate Don't Mix…Give Me The PT Life!...

Dear Overseas Opportunity Letter Reader,

After three-and-a-half years at home in the melting pot that is Panama City, Lief and I have been really fortunate. We've developed an always-expanding and eclectic (we think of it as nutty and random) circle of friends. Folks from all over the world, who, like Lief and me, have sought out Panama City at this point in their lives for different reasons.

As in Waterford, Ireland, when we arrived on the scene some 14 years ago and, 7 years later, when we then moved to Paris, our first friends in Panama City were the parents of friends and classmates of our children...and architects.


Property Costs Across Markets

Las Vegas Cheaper Than Santiago? Maybe...But That Misses The Point

March 23, 2012, Panama City, Panama: When comparing property prices from one market to another, you have to compare apples to apples, remembering location, neighborhood, quality of construction, views, access, etc.

Dear Live and Invest Overseas Reader,

A reader wrote this week suggesting that Kathie and I have been out of the United States too long. Don't we realize, he wondered, that real estate in Las Vegas sells for less than US$90 a square foot? How could we think that properties on offer in Santiago, Chile, for US$90 to $US180 a square foot are a good deal?

Well...Santiago isn't Las Vegas...and vice versa. I'll spare you my opinion of Las Vegas (to spare myself letters from readers defending how great a place it is). But, even if you like Las Vegas, trust me. When you see Santiago, you'll understand. There are few comparisons to be drawn.

Furthermore, the neighborhoods I was referencing when I quoted prices for buying in Santiago are the "Beverly Hills" of this city. I know the bottom has fallen out of the Las Vegas real estate market, but I can't believe that it'd be possible to buy in the nicest neighborhoods (are there nice neighborhoods?) for less than US$90 a square foot.


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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.


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