Along the Pacific coast, Panama’s beach communities are struggling to attract foreign investment, leading to more affordable homes.
The housing market in Panama slowed significantly after the 2008 global financial crisis, with prices falling, on average, 20 to 30 percent, according to Kent Davis, a managing director of Panama Equity Real Estate. He said the drop was not as pronounced in the Pedasí district.
After several years in which existing inventory was absorbed, waterfront construction of both luxury high-rise towers and low-rise buildings of four to six stories is “finally heating up again,” said Jeff Barton, managing director of Punta Pacifica Realty.
Live by the ocean? Check. Retire early? Check. Don't go broke doing it? Check.
Peg Fairbairn and April Hess will tell you they're living the dream. They moved from Austin, Texas, last year to retire in Panama, at ages 58 and 53, respectively.
They live by the beach, say they have all the comforts that they were used to at home (mostly), and do it all on a budget of $2,133 a month. Moving abroad in retirement isn't for everyone, but for this couple it was ideal.
When it came to their retirement, the couple planned to settle in one of Mexico’s expat enclaves, where Johnson could eat the food she enjoyed, while her husband could hit the water and spend his days fishing.
Then in 1997, the couple took a detour to Panama, where they found themselves looking out over an untouched, one-acre strip of sandy beach for sale in the Bocas del Toro, an attractive archipelago of islands in the Caribbean.
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