Best Places to Live (or Invest) in Panama
Article by Gary Edwards
There are a lot of great places to live in Panama. What you want to do with your time and how close you want to be to a plane ride back home will influence your choice. With two sea coasts, a mountainous interior, a historic capital city and areas of pristine nature throughout, Panama presents the home buyer with the "chore" of having to travel through a tropical paradise in order to pick the ideal spot for a home. Beside the fun involved in choosing from a number of excellent locations the current home buyer or investor in Panama gets to pick from a large number of properties that are currently priced far below what they will be selling for in a few years.
Although the recession did not hit Panama in general the recession elsewhere reduced the number of foreign buyers and this depressed the high end housing market. Whether it is on Avendia Balboa along the Bay of Panama or out on the Pacific Beaches around Coronado there are properties for sale at what will be laughable prices in a few years. The buyer/investor will be wise to keep this in mind when looking at property in paradise. What follows is the author's list of favorites.
The Tuna Coast
The old name for Panama's Pacific is the Tuna Coast. There is an underwater mountain range that provides mountains places for coral reefs and supports a huge amount of marine life. The entire Pacific Coast from the Darien to Chiriqu