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Property Investments in Countryside Panama
Property Investments in Countryside Panama. Panama City is the most popular area for real estate investments. The country’s interior includes everywhere outside this zone and it has been overlooked. This comprises the Atlantic and Pacific beaches, islands, agricultural areas, mountain towns, and affordable suburbs.
Investors and expat retirees are discovering opportunities in four interior areas: El Valle, the Playas (Central Pacific beach coast), Boquete/Volcan, and Pedasi. There is plenty of room to expand in these areas with lower development prices than Panama City.
TripAdvisor says of El Valle, “Families with kids of all ages will love this mountain village, located just two hours from Panama City.” Lonely Planet claims, “El Valle is a popular weekend getaway for urban dwellers in need of fresh air and scenery, and is also a North American retirement community.”
The Playas according to Fodor’s Focus in Panama, “The Central Pacific Coast has Panama’s most popular beaches, if not it’s most beautiful.”
Boquete/Volcan according to Frommer’s Panama, “This is the destination of choice for most tourists visiting Chiriqui Highlands, and with nearly 25% of the population hailing from the United States, Canada, or Europe, it feels somewhat like a tropical colony – you’ll find plenty of foreign-owned, international restaurants here, and you’ll get along just fine even if you don’t speak a word of Spanish.”
Pedasi described by Lonely Planet Panama as, “Unpretentious and picturesque, the streets are lined with tiled colonials where inhabitants greet one another each evening as they have for generations – rocking on the porch. For years, this sleepy retreat bloomed only at festival times. But outsiders are discovering the big appeal of small town life and wilderness beaches. Pedasi has become the focus of an intense push to develop the southwestern coastline, with comparisons ranging from Tuscany to California”.
We recommend looking closely at the specific área where you are thinking of investing. Research future developments including infrastructure projects along with the demographics of who buys and lives there. Look at areas near recent developments, as they will offer lower prices. Small suburbs and little towns can become the next great developments. Talk with local real estate agents who know the area and hire a competent real estate lawyer before making offers or signing any contracts.