Retire in Boquete Panama

Boquete is rapidly becoming famous for several reasons. Its natural beauty is breathtaking; the coffee grown there rivals other top coffee producing nations; and its proximity to sightseeing and recreational activities is second to none. It is cooler, temperature wise than is Panama City and is cooled by the fresh mountain breezes. And now, there is a booming real estate market in Boquete as well. You have to come to Boquete to really appreciate how special it is. It’s a wonderful choice of location for retirement in Panama.

Boquete is a small town situated in the highlands of Panama’s western-most province of Chiriqui. But, don’t let its size fool you; it has a lot to offer if you are looking for real estate in Boquete.

Boquete is a safe place, as is the entire country, generally speaking. It boasts a democratic form of government that is more stable than most Latin American countries and in fact, since 1989 there has been a constitutional prohibition on having a military.

In general, Panama has low real estate taxes and has many incentives for foreign investors to invest in properties in the country. In fact, if the registered value of your property is below a certain low threshold you do not pay any property tax at all. One such incentive offers a property tax exemption that may entitle you to be exempt for up 20 years. This also includes building permits for improvements or renovations to your property. For details, confirm with the local Government’s municipal office in Boquete, Panama.

Also, Panama benefits from nearly 100 years of American presence in offering an infrastructure that you are familiar with. English is the second language in Panama and is widely spoken. Not only will you find restaurants and professional services including TV, Internet and cell phone networks, you will have access to medical facilities that are on par with North American standards.

There are a wide variety of real estate properties in Boquete available and the equally accessible price points that they have, make Boquete a desirable setting for your retirement that you can really believe in.

Among the many properties available you will find in Boquete include: quiet private residential communities, single-family homes, retirement communities, gated and resort communities, condominiums and there are many vacant lots that are available for development. And as labour costs are low, you can build your dream house in Boquete.

Property ownership in Boquete is easy to achieve and has few restrictions for foreigners. Be sure to consult a qualified Panamanian lawyer regarding any technical aspects of property ownership. Also, you will find that their rates are a fraction of what you would pay a lawyer where you live now.

Panama’s real estate market has proven to be a solid venture through the years and has been appreciating quite steadily and as interest and growth increases so do the real estate values. Property real estate prices have increased and the time is now to invest in the real estate market now. Panama’s whole economy is growing and with the expansion of the Panama Canal to be completed in a few years, prices will climb higher and higher because of its booming economy.

The influx of international real estate firms such as Century 21 and Coldwell Banker attests to the growth. Also, major financial institutions have followed suit such as HSBC, Lloyds and Citibank in order to provide financial services for all the growth that has been occurring.

You will find the house you are seeking for your retirement in Panama in charming Boquete with quality construction offering North American and European finishes. You can find a retirement property in Boquete with mountain, valley or volcano views. Can you imagine?

So, come join the growing ex-pat community in Boquete and benefit from the comfortable climate, clean water, fresh air, low cost of living and the tranquility that is Boquete, Panama, the place to retire in Panama.