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        • Spain
        • Portugal
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        How Much Will It Cost You To Live Overseas?

        The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

        Super Cheap

        • Chitré, Panama
        • Santa Marta, Colombia
        • Phuket, Thailand
        • Dumaguete, The Philippines

        Cheap

        • Medellin, Colombia
        • Boquete, Panama
        • Kyrenia, Cyprus
        • Hua Hin, Thailand
        • The Algarve, Portugal

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          Home In Focus: Panama

          A High-End Home In Panama’s #1 Expat Haven

          Luxury Mountain Homes In Boquete, Panama

          by Mónica Linares
          Feb 29, 2024
          in In Focus: Panama, Panama
          0 0
          Aerial view of Chiriqui Panama

          AdobeStock/franhogan

          Close to the Costa Rican border, on the banks of the Caldera River, sits Boquete.

          This small town, in Panama’s Chiriquí province, was founded in 1911. Today, it’s home to some 20,000 residents…. of which a staggering 25% are expats.

          Seeing the area for the first time, you understand the appeal. The streets are draped with flowers of every kind and color…. artisanal markets line the sidewalks….

          Many who make their way to Boquete, Panama, are so captivated by the beautiful scenery and welcoming community they find that they don’t ever want to leave.

          Boquete, Panama.
          iStock/MelindaRose

          When it comes to real estate, prices in Boquete can be higher than elsewhere in Panama owing to high demand and low supply…. but that’s about to change…

          This small town, on the side of an inactive volcano in the highlands of Panama, is the place where a new, private community will be located.

          Why Boquete?

          Boquete offers a vibrant music scene, some of the world’s most beautiful flowers, near-endless birdwatching opportunities, and coffee harvested from geisha trees—the most prized coffee on the planet.

          Government tax incentives and builder financing, low crime, a temperate warm climate, no worry of natural disasters, first class communications, easy access to the freshest locally grown fruits and vegetables, and a wide variety of fish allowing for plenty of farm to table experiences, are just some of the reasons why Boquete is an ideal location for a property investment.

          The developers of this new resort identified a market opportunity in Boquete: a lack of high-quality tourism infrastructure. Most importantly, this will be the first luxury country-club resort in the area that will bring in easy rental income for owners in a booming eco-tourism and expat housing market.

          This project will be in high demand for long-term rentals as the inventory for condos in Boquete is small. Most rentals are single, free-standing family homes which take a lot of work to maintain.

          The development will also get the attention of short- to mid-term renters, especially during the high season of November through April. Hotels in the area are expensive and short-term condo rentals are few and far between.

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            A High-End Resort In The Highlands Of Panama

            This development is next to a river canyon on one side and an equestrian club and health spa on the other. This mountain project has multiple resort-style social areas focused on leisure and community.

            A real estate development in Boquete, Panama

            The social areas will include a restaurant, terraces, hammock area, reading and coffee room, wheelchair-accessible firepit area, pools, hot tubs, and lookout decks.

            You’ll find two main buildings in the development with a total of 98 units, ranging from over 1,000 to 1,500 square feet of living space offered in two- and three-bedroom floor plans.

            The project will be completed in phases; phase one will have 34 units. All units have two full bathrooms and high-end kitchens delivered fully furnished with a porch-like entrance that brings in greenery…. a hallmark of Boquete.

            If you choose the turn-key package, you’ll get your unit rental ready.

            Above all, one of the most advanced health care facilities in Latin America is just 50 minutes from Boquete. In addition, the developers know there is demand for augmented medical care from expats and retirees, so there will be a medical center on-site.

            This is a project that has been thought out both for investors and full-time residents. It capitalizes on Panama’s lower cost of living, expanding GDP, and the ability to produce high ROIs by offering a hotel-style operation, along with long-term living opportunities.

            Certainly, by investing in this project, you’ll become a partner with the largest hotel chain operator in Panama, with flags such as JW Marriott, the InterContinental, and Westin, as they expand into a broader Panama footprint.

            Rental income is expected to be in the region of $18,000 a year, and it can all be done turn-key thanks to the developer’s top-end rental management team.

            Act now and you can get in from just $337,000.

            Developer financing is also available.

            This is a pre-construction project, with an expected delivery date of mid-2025.

            Sincerely,
            Signature of Monica Linares
            Monica Linares
            Managing Editor, Global Property Advisor

            Tags: boquete panama real estateBuy Real Estatereal estate in boquetereal estate in Panama
            Share120Tweet75
            Mónica Linares

            Mónica Linares

            Mónica was born and raised in Panama and has a passion for stories and storytelling, in any and all formats. Reading, writing, traveling, and her cat are a few of her favorite things. She’s a Florida State University alumna with a Bachelor of Science in Communications and Digital Media. Mónica is currently learning the ropes of the global real estate investing world. She’s the managing editor of our own Global Property Advisor.

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                  HOME

                  Top Countries

                  • Spain
                  • Portugal
                  • Panama
                  • Belize
                  • Colombia
                  • Cyprus
                  • Mexico
                  • France
                  • Montenegro

                  Best For:

                  • Health Care Abroad
                  • Retirement Living
                  • Cost Of Living
                  • Investing in Real Estate
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                  • Gun Ownership
                  • English Speakers
                  • Safety
                  BROWSE ALL COUNTRIES

                  Budgets

                  How Much Will It Cost
                  To Live Overseas?

                  Super Cheap

                  • Chitré, Panama
                  • Santa Marta, Colombia
                  • Phuket, Thailand
                  • Dumaguete, The Philippines

                  Cheap

                  • Medellin, Colombia
                  • Boquete, Panama
                  • Kyrenia, Cyprus
                  • Hua Hin, Thailand
                  • The Algarve, Portugal

                  Affordable

                  • Valencia, Spain
                  • Cascais, Portugal
                  • Las Terrenas, The DR
                  • Pisa, Italy
                  • La Rochelle, France
                  • Mazatlán, Mexico

                  Luxury

                  • Ambergris Caye, Belize
                  • Kotor, Montenegro
                  • The Panama City Beaches
                  • Paris, France

                  Resources

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