If there is an ideal place for people who are planning to retire from working life it is Panama. Our infrastructure, climate, legal and financial benefits are several of the benefits you can enjoy. Panama stands out in a list dominated by Latin American countries in the annual index of places to retire. This index is focused on the community of Anglo pensioners, on destinations where English is spoken frequently. One of our main benefits is the low tax burden, since there is a tax exempt for pensions received abroad. “International Living” magazine adds positive reviews such as how easy is to buy or rent a residence, giving a better value to the cost of living. Panamanian law also allows retirees to receive 50% discounts on tickets to recreation and entertainment activities, as well as 30% discount on the value of bus tickets and 25% on air tickets, as well on meals in restaurants, electricity rate and water consumption. Another of the many advantages Panama offers is our tropical climate, and the excellent geographical location away from the Atlantic Hurricane alley. However, the country stands out for having some great developed areas outside of Panama City, good enough to make foreigners grab their bags and come to live the best years of their lives. Each suggested place meets the requirements such as good weather, tranquility, stable economy and ideal cost of living to retire.
Las Tablas, Azuero Peninsula: It is one of Costa Dorada’s cities in Panama. A small town where you can still enjoy a quiet life, except in carnivals or “Patronales” (their local Festivites), the town is lit in a big party, not bad for a lively change. Living here does not require a large budget for housing and regular expenses to keep a high quality of life.
Boquete, Chiriquí: The pleasant climate and an already established expatriate community make it very attractive to live in this mountain city. It is the best known and developed highland retirement option. Today, there are almost as many foreigners as Panamanians living in Boquete. The real estate market has remained very stable in the last two years, lowering property prices. Boquete can be reached by a 45-minute flight from Panama City to David, Chiriquí, and from there to Boquete is a half an hour drive.
Coronado Beach: It is the most developed of the beach communities. This development began more than 30 years ago, when this place on the Pacific Coast became a destination among Panamanians. More than 600 full-time residents live here, a mixture of Panamanians and expatriates. This is one of the beach options with the highest real estate value in Panama.
Santa Fe de Veraguas: This is a beautiful region of the province of Veraguas, where life is calm, the climate is cool and its inhabitants live at a slower and healthier pace. Although it is the most rustic of the options presented in this article, with a lower budget, you can build your dream mountain residence in this natural corner of Panama. It is a small town where tourism is growing, which helps increase the value of your real estate. Likewise, there are many commercial and tourist investment opportunities.
