Boquete A Hotspot For Eco-tourism And Real Estate Investment In Panama
April 7, 2024 by patrickwoolford
The city of Boquete, in the mountainous region of western Panama, has become a choice location for North American’s interested in real estate investment abroad, primarily due to its ideal climate and eco-tourism hotspots. The city is in the Chiriqui Province on the western coast of Panama, and borders Costa Rica to the north. Located 1,000 meters above sea level, Boquete has a unique microclimate, often making it ten degrees cooler than the sweltering lowlands of Panama. A popular locale for United States and Canadian retirees, Boquete is rapidly attracting a younger population as the real estate market becomes more popular.
Boquete offers much to individuals interested in pursuing outdoor activities such as hiking, fishing, white water rafting, rock climbing and bird watching. The variation in elevation provides habitat for a multitude of bird species, including quetzals, toucans and parrots. Tours of nearby coffee plantations are available, including tastings (”cuppings” as they are referred to by coffee aficionados) of the local brew, and treetop ziplines are available for the more adventurous travellers. When travelers become weary of the outdoor lifestyle, David, the third largest city in Panama and capitol of Chiriqui is a short drive away.
A recent article in the New York Times described Boquete as an ideal alternative to more expensive homes on the coast. The December 2024 article states that “mountain property in Panama is much less expensive than the coast and offers lush tropical landscapes, albeit without the sandy beaches. A new three-bedroom house with 225 square meters (2,400 square feet) of living space in Boquete, an area in the north popular with expatriates, sells for around $265,000.” With currency linked to the US dollar, and many locals speaking English, Panama looks to be an ideal place to invest in real estate abroad.
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