Expats Panama: Places for Living

Overall, Panama offers a variety of places where expats can live, from modern cities to remote mountain villages and tropical islands. The country also has relatively low cost of living and a well-developed infrastructure, making it an attractive destination for expats.

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According to the report by the National Institute of Statistics and Census of Panama (INEC) in 2020[2], the provinces with the highest number of foreign residents in Panama and their corresponding numbers are

• Panama: 62,822
• Chiriqui: 7,685
• Cocle: 6,832
• Herrera: 5,582

Please note that these numbers include all foreign residents in these provinces and may not be specifically limited to expats.

1.1. Expats in Panama City

As the capital and largest city in Panama, Panama City has a lot to offer expats, including a thriving economy, modern infrastructure, and a rich cultural scene. Many expats choose to live in the upscale neighborhoods of Punta Pacifica, Costa del Este, and Bella Vista, which offer easy access to the city’s restaurants, bars, and nightlife.

As the country’s business, political, and banking hub, Panama City is an excellent option for those who plan to work or have retired. While the city may not be as sprawling as other capital cities in Latin America, it is a bustling metropolis with a lot to offer. The city is filled with many great neighborhoods that boast various real estate options, from modern luxury to chic and antique.

When deciding on a neighborhood in Panama City, consider factors such as proximity to amenities, safety, and accessibility. With many great options available, finding the right neighborhood in Panama City can be a rewarding experience.

Here are some of the popular neighborhoods in Panama City

1.1.1.   Casco Viejo

A charming historic neighborhood with cobblestone streets, colorful buildings, and trendy bars and restaurants. It’s a popular spot for tourists and expats.

A charming historic in Panama City that boasts charming cobblestone streets, colorful colonial architecture, and a vibrant nightlife scene. For real estate buyers, Casco Viejo offers a unique opportunity to own a piece of Panama’s history. The area has seen a surge in development in recent years, with many buildings being renovated into trendy apartments, hotels, and restaurants. Properties in Casco Viejo can range from small studios to large luxury apartments with stunning views of the city skyline and the ocean. While real estate prices in Casco Viejo may be higher than other areas in Panama City, the neighborhood’s charm, character, and central location make it an attractive option for those who want to be in the heart of the city’s cultural and entertainment scene.

1.1.2.   El Cangrejo

A lively neighborhood with plenty of restaurants, bars, and cafes. It’s also affordable and convenient, with easy access to public transportation.

El Cangrejo is a popular neighborhood in Panama City known for its lively atmosphere, trendy restaurants, and cafes. For real estate buyers, El Cangrejo offers a convenient location close to the city’s financial district and public transportation options. The area has a mix of modern high-rise buildings and charming mid-century architecture, with properties ranging from cozy studios to spacious apartments. Real estate prices in El Cangrejo are relatively affordable compared to other neighborhoods in Panama City, making it an attractive option for buyers on a budget. The neighborhood is also known for its safety, walkability, and community feel, making it an excellent option for families and young professionals.

1.1.3.   Punta Pacifica

A high-end residential area with luxurious condos and stunning ocean views. It’s conveniently located near shopping centers and hospitals

Punta Pacifica is a high-end residential neighborhood in Panama City that offers luxurious living with stunning ocean views. For real estate buyers, Punta Pacifica offers some of the most upscale properties in Panama, including spacious apartments and luxurious condos. The area is known for its modern architecture, high-end shopping, and dining options, making it an ideal choice for those who want to experience the best of urban living. While real estate prices in Punta Pacifica can be high, the area’s exclusivity, privacy, and premium amenities make it a popular choice among affluent buyers. The neighborhood is also located close to the city’s financial district and major transportation routes, making it a convenient location for business professionals.

1.1.4.   San Francisco

A family-friendly neighborhood with parks, schools, and shopping centers. It’s also close to the business district, making it an ideal option for professionals.

San Francisco is a family-friendly neighborhood in Panama City that offers a mix of residential and commercial properties. For real estate buyers, San Francisco offers a variety of housing options, including modern condos and mid-century homes. The area is known for its safety, green spaces, and proximity to shopping centers, schools, and parks, making it an attractive option for families with children. Real estate prices in San Francisco are relatively affordable compared to other upscale neighborhoods in Panama City, making it an ideal choice for buyers on a budget. The area is also conveniently located close to major transportation routes, making it easy to access other parts of the city

1.1.5.   Costa del Este

Costa del Este is an upscale neighborhood in Panama City that offers modern living with plenty of amenities. For real estate buyers, Costa del Este offers a mix of luxurious high-rise condos and spacious single-family homes. The area is known for its safety, cleanliness, and green spaces, making it an ideal choice for families with children. Costa del Este is also home to several high-end shopping centers, restaurants, and entertainment options, making it a convenient location for those who want to enjoy the best of urban living. While real estate prices in Costa del Este can be high, the area’s exclusivity and premium amenities make it an attractive option for affluent buyers. The neighborhood is also conveniently located close to the airport and major transportation routes, making it easy to travel in and out of the city

1.2. Expats in Coronado

Coronado is a popular beachfront community located outside of Panama City. For real estate buyers seeking a beachside retreat, Coronado offers a range of properties, including beachfront homes, condos, and gated communities. The area is known for its beautiful sandy beaches, warm climate, and a vibrant expat community. Coronado boasts a variety of amenities, including golf courses, shopping centers, restaurants, and water sports activities. Real estate prices in Coronado can vary, with beachfront properties commanding higher prices. The community offers a relaxed and laid-back lifestyle, making it an ideal choice for retirees or those looking for a vacation home. Additionally, Coronado is easily accessible from Panama City, with a well-developed road infrastructure connecting the two areas.

1.3. Expats in Boquete

Boquete is a charming mountain town located in the highlands of Panama. For real estate buyers seeking a tranquil and scenic setting, Boquete offers a range of properties amidst lush greenery and panoramic mountain views. The area is known for its cool climate, natural beauty, and thriving expat community. Boquete offers a variety of housing options, including mountain homes, villas, and gated communities. Real estate prices in Boquete can vary, with properties closer to the town center tending to be more expensive. The town itself offers amenities such as restaurants, cafes, and local markets, catering to residents’ daily needs. Boquete is also renowned for its outdoor activities, including hiking, bird-watching, and coffee plantation tours. The peaceful and serene environment makes Boquete an ideal choice for those seeking a slower-paced lifestyle surrounded by nature’s beauty.

1.4. Expats in Pedasi

Pedasi is a charming coastal town located in the Azuero Peninsula of Panama. For real estate buyers seeking a beachfront escape, Pedasi offers a range of properties in a relaxed and laid-back setting. The area is known for its pristine beaches, clear waters, and a thriving surf culture. Pedasi offers a variety of housing options, including beachfront villas, cozy bungalows, and residential developments. Real estate prices in Pedasi are generally more affordable compared to other beach destinations in Panama. The town itself offers a welcoming community, local shops, restaurants, and vibrant cultural events. Pedasi is also a great base for exploring nearby natural attractions, such as Isla Iguana and Playa Venao. Whether you’re looking for a vacation home or a peaceful coastal retreat, Pedasi provides an idyllic setting for those seeking a beachfront lifestyle away from the hustle and bustle of city life.

1.5. Expats in Bocas del Toro

Bocas del Toro is a stunning archipelago located on Panama’s Caribbean coast. For real estate buyers seeking a tropical paradise, Bocas del Toro offers a range of properties in a picturesque setting. The area is known for its pristine beaches, crystal-clear turquoise waters, and lush rainforests. Bocas del Toro offers a variety of housing options, including beachfront homes, waterfront villas, and eco-lodges. Real estate prices in Bocas del Toro can vary depending on the location and property type. The archipelago is famous for its vibrant island lifestyle, with charming towns offering a unique blend of local culture and international influences. Bocas Town, the main hub, provides amenities such as restaurants, shops, and a lively nightlife scene. The archipelago is a haven for outdoor enthusiasts, with activities like snorkeling, surfing, and exploring the diverse marine life. Bocas del Toro offers a dreamy tropical retreat for those seeking a tranquil and enchanting coastal living experience.

1.6. Expats in Santa Fe

Santa Fe, Panama is a picturesque mountain town nestled in the Veraguas Province. For real estate buyers seeking a tranquil and nature-centric setting, Santa Fe offers a range of properties amidst stunning landscapes. The area is known for its lush forests, rolling hills, and beautiful waterfalls. Santa Fe provides a variety of housing options, including mountain cabins, eco-friendly homes, and scenic land plots. Real estate prices in Santa Fe are generally more affordable compared to popular beach or city destinations in Panama. The town itself offers a laid-back and close-knit community, with local markets, small businesses, and charming restaurants. Santa Fe is a haven for outdoor enthusiasts, with opportunities for hiking, bird-watching, and exploring the natural wonders of the surrounding area. If you’re looking for a peaceful and idyllic mountain retreat, Santa Fe, Panama provides a serene environment and a chance to reconnect with nature.

1.7. Expats in Las Tablas

Las Tablas, Panama is a vibrant town located in the Azuero Peninsula. For real estate buyers seeking a lively cultural experience, Las Tablas offers a range of properties in a charming and authentic setting. The area is known for its rich traditions, including colorful festivals and traditional dances. Las Tablas provides a variety of housing options, from colonial-style homes to modern residences. Real estate prices in Las Tablas are generally more affordable compared to larger cities in Panama. The town itself offers a friendly community, local markets, shops, and restaurants. Las Tablas is also conveniently located near beautiful beaches, providing opportunities for water activities and relaxation. If you’re looking for an affordable and culturally rich place to live, Las Tablas, Panama offers a welcoming atmosphere and a chance to immerse yourself in local traditions.

1.8. Expats in Altos del Maria

Altos del María is a gated mountain community in Panama offering a serene and scenic living environment. For real estate buyers seeking a tranquil retreat, Altos del María provides a range of properties amidst lush landscapes and stunning mountain views. The area is known for its cooler climate and abundant natural beauty, including waterfalls, hiking trails, and wildlife. Altos del María offers a variety of housing options, such as spacious homes, villas, and vacant land for development. Real estate prices in Altos del María vary depending on the location and property type. The community features amenities such as a clubhouse, swimming pools, tennis courts, and 24/7 security. Located within a convenient driving distance from Panama City, Altos del María provides a peaceful escape with easy access to urban amenities. If you’re seeking a secluded mountain retreat surrounded by nature’s beauty, Altos del María is an attractive choice for real estate buyers.

1.9. Expats in El Valle de Anton

El Valle de Anton is a picturesque mountain town in Panama’s Coclé Province. For real estate buyers seeking a tranquil and scenic setting, El Valle de Anton offers a range of properties amidst lush greenery and stunning landscapes. The area is known for its pleasant climate, natural beauty, and diverse wildlife. El Valle de Anton provides a variety of housing options, including mountain homes, villas, and land for development. Real estate prices in El Valle de Anton can vary depending on the location and property size. The town itself offers a charming community, local markets, artisanal shops, and restaurants. El Valle de Anton is also known for its outdoor activities, such as hiking, bird-watching, and exploring the famous El Valle Waterfall. If you’re looking for a peaceful and close-to-nature mountain retreat, El Valle de Anton provides a serene environment and an opportunity to embrace the beauty of the surrounding area.

1.10.  Expats in Chitre

Chitre is a vibrant city located in the Herrera Province of Panama. For real estate buyers seeking a lively urban environment, Chitre offers a range of properties in a bustling and culturally rich setting. The area is known for its historical significance, colonial architecture, and local traditions. Chitre provides a variety of housing options, including residential homes, apartments, and commercial properties. Real estate prices in Chitre can vary depending on the location and property type. The city itself offers a thriving community, local markets, shopping centers, and a wide range of amenities. Chitre is also conveniently located near beautiful beaches and other attractions in the Azuero Peninsula. If you’re looking for a dynamic city with a blend of tradition and modernity, Chitre, Panama provides an exciting and diverse real estate market.

1.11.  Expats in David

David is the capital city of the Chiriquí Province in Panama. For real estate buyers seeking an urban lifestyle with access to modern amenities, David offers a range of properties in a bustling and growing city. The area is known for its commercial activity, shopping centers, and cultural attractions. David provides a variety of housing options, including apartments, townhouses, and residential communities. Real estate prices in David can vary depending on the location and property size. The city itself offers a vibrant community, with a variety of dining options, entertainment venues, and services. David is also surrounded by natural beauty, with nearby attractions such as national parks, hot springs, and hiking trails. If you’re looking for a city with a blend of urban conveniences and proximity to outdoor adventures, David, Panama presents a diverse real estate market for buyers seeking a vibrant lifestyle.

1.12. Expats in Volcan

Volcan is a picturesque town located in the Chiriquí Province of Panama. For real estate buyers seeking a peaceful and scenic setting, Volcan offers a range of properties amidst beautiful mountain landscapes. The area is known for its cool climate, lush greenery, and stunning views of the surrounding volcanoes. Volcan provides a variety of housing options, including residential homes, estates, and land for development. Real estate prices in Volcan are generally more affordable compared to other popular areas in Panama. The town itself offers a close-knit community, local markets, and basic amenities. Volcan is also a gateway to outdoor activities, such as hiking, bird-watching, and exploring the nearby Volcan Baru National Park. If you’re looking for a serene mountain retreat with a laid-back lifestyle, Volcan, Panama offers a tranquil environment and a chance to immerse yourself in nature’s beauty.

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[1] Bildquelle: unsplash

[2] report by the National Institute of Statistics and Census of Panama (INEC) in 2020