According to Forbes Magazine, Panama has been ranked the best place to live in the world by the Expat Insider Report. The report evaluates countries based on quality of life, ease of settling in, personal finance, among other considerations. The small town of Boquete has been increasingly recognized as a prime location for real estate investment and retirement. Nestled in the Panamanian highlands, it offers year-round spring weather, stunning natural beauty, and a welcoming expat community.
Factors Contributing to Boquete’s Recent Real Estate Boom:
- Climate and Natural Beauty: Boquete’s highland location provides a temperate climate, making it a comfortable place to live year-round. The region is also known for its lush landscapes, coffee plantations, and outdoor activities from birdwatching to white-water rafting. Locals can enjoy a hike up Volcan Baru at 3,475 m (11,400 ft), the tallest point of land in Panama. Once at the top, they can see the Pacific and Atlantic Ocean simultaneously.
- Cost of Living: Compared to North America and Europe, the cost of living in Boquete is relatively low. Based on the Expat Insider Report, 74% of expats are satisfied with their financial situation in Panama, compared to the global average of 54%. Additionally, 88% feel their disposable income is sufficient to live a comfortable life in Boquete. This affordability makes it an attractive option for retirees looking to stretch their retirement savings further.
- Quality of Life: The town has a friendly, small-town atmosphere with numerous farm-to-table restaurants, shops, spas, and healthcare facilities. The expat community is vibrant, offering social opportunities and support networks for new residents. Many of them meet at the BCP Tuesday Market, which was created by a group of theater volunteers from around the world to promote local vendors that sell a wide variety of products.
- Investment Potential: Real estate in Boquete has shown steady appreciation, making it a promising area for investment. The demand for properties continues to grow as more people discover the benefits of living in Boquete. The latest project being built is Pinoalto, offering various sized Condo Suites ideal for short-term vacation rentals and long-term residence alike. Residents will be able to experience hotel-style amenities in this peaceful mountain getaway, among them a restaurant, lookout area, firepits, and heated pools with jacuzzies.
Pinoalto
With its combination of favorable climate, affordable living, and high quality of life, Boquete is poised for continued growth in the real estate market. The town’s safety, tranquility, and slower pace of life are also significant draws. Its status as a top retirement destination further solidifies its position as a prime location for investment and relocation. House Hunters Panama provides a diverse selection of PROPERTIES FOR SALE OR RENT in Boquete, perfect for a winter escape home, retirement residence, or investment. Schedule a showing today or visit our office in Boquete to learn more.