Why Panama?
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Why Panama?
The isthmus of Panama is making sound waves throughout both its oceans in what could become the
biggest tourism and real estate boom in the history of the continent. Recognized as one of the hottest
retirement haven in the world and becoming increasingly more popular with the world’s vacation
trendsetters, Panama—the little country with a canal—has finally made it onto the international
destination scene.
Having focused on its main source of income, the Panama Canal, this nation—roughly the size of South
Carolina—has now shifted its efforts to attract retirees and vacationers who are searching for a ‘path
less traveled’. Newcomers to the region, with the ancient notions of Noriega still nipping at their feet,
might ask what makes Panama special…
Why Panama?
Archipelagos of hundreds of islands pepper the nation’s
Caribbean coast, and play home to one of the region’s
oldest indian tribes, the Kuna Yala. Just an hour from the
cosmopolitan Panama City sits the Pearl Islands whose
white sand beaches and secluded jungles have hosted
several episodes of the tropical reality series Survivor.
The enigmatic Darien Jungle is renowned for sport
fishing and bird watching, a mysterious region traveled
best with experienced guides. Bocas del Toro is one of
the country’s most popular tourism spots, boasting an
impressive nightlife and restaurant scene and some of
the finest beaches this side of the equator. The eco-town
of Boquete has made headlines as a freshly-temperate
sanctuary with first-class accommodations and
retirement developments. Pristine islands like Isla Coiba,
Isla Iguana, and Isla de Cana off Panama’s Azuero
Peninsula are oftentimes regarded, in fishing and eco-travel magazine, among the best and most
unique spots on earth for fishing, boating, and water sports. The country uses the US Dollar, has been
ranked as the safest country in Central America, and has one of the lowest costs of living around. Why
Panama? Why not?
Panama City, the eclectic and ultra-modern center is, both literally and figuratively, the core of the
country. While the Azuero Peninsula is, in many ways, regarded as the cultural heart, Panama City is
and has been for a long time an international hub. A crossroads of the Americas. It’s highly-renowned
banking district and Miraflores Locks of the Panama Canal have attracted global attention for years now,
and the focus is starting to shift to the tourism and real estate sectors where expatriates are picking up
vacations and real estate for what seems like pennies. Beach towns like Coronado and Santa Clara
have become hotbeds for investment and relaxation: their white sand beaches and American-style
amenities drawing fanatics from all over the globe. Eco-resorts are starting to pop up as are high-end
luxury hotels and real estate developments. Compared to its trendy northern neighbor Costa Rica,
Panama appears to have all the signs for success in place. Now, its just a matter of time.
Matt Landau is a travel and real estate consultant in Panama, Central America. His websites for
Panama Investment and Panama Travel fund his nasty travel habits.
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