Dedicated to providing you with credible information about living overseas
Best Places In The World To Retire Community Questions and Answers about living and retiring abroad

Questions & Answers

Q & A Menu Q & A BY TOPIC
To navigate, use menu bar to the left
Duncan McGowan of Punta Pacifica Realty – Best Places In The World To Retire User Account
Punta Pacifica building in center of finanacial district – Best Places In The World To Retire – International LivingThere is a wide range of options when purchasing a home, condo, or apartment in the San Francisco area of Panama City. One of the things that determines the price is the age of the building.  We have older buildings (which could be 30 to 35 years old), and construction that would have been built in the last 5 to 7 years.
 
Here in Panama we classify our places in square meters as opposed to square feet, and in San Francisco you can probably get in older building for about $1,300 to $1,500 a square meter (about $120 to $140 per square foot) and newer and nicer properties with more amenities and more social area would cost you as much as $2,000 per square meter (about $185 per square foot) or more.
 
Even at the low end of the price range, the buildings would be very safe and very well maintained. One of the main reasons for the lower price of an older building is that an older building typically will not have a social area, which you would find in newer buildings.  By “social area,” I mean swimming pools, gyms, lobbies that you can sit in, and areas where you can play with your children or grandkids and where they can go and play. The older buildings are more basic, so essentially they have a small lobby, less opulence in the lobby, and you go into your apartment.
 
The height of the ceilings has changed over time so you would have a lower ceiling in your apartment if it were older.  Newer buildings can have 10-foot ceilings, while older buildings may have a 7-foot ceiling. When you purchase older properties, unless you have it renovated, your kitchen would be more dated, but they were well built, well constructed, and they keep very well.
 
An advantage of these older buildings is because you don’t have a social area, your monthly maintenance fees or homeowner’s association dues for the condominium are much lower than for the newer building where you have a social area that you need to maintain and more staff and personnel. 
 
Higher-end apartments are those that started being delivered in 2008 and 2009.  Most of the new higher-end properties are in the neighborhood that’s called Punta Pacifica, which is actually a part of San Francisco. It’s a piece of land where there was a little bit of landfill done in order to fill in the areas and make it what it is today.  If you found something in the $2,200 a square meter (about $205 per square foot) range you would be getting a fantastic price because prices can go up to $4,000 per square meter (more than $370 per square foot) there.  Trump Ocean Clubs in the Punta Pacifica neighborhood they consider a pinnacle of luxury right now. If you buy at Trump Ocean Club, you will pay anywhere to $3,400 to $4,500 a square meter (about $315 to $420 per square foot).
 
Punta Pacifica is extremely safe. It’s developed quite nicely because there are options of restaurants, a little convenience store, little fruit markets, things to do are all within walking distance, and you’re within walking distance of supermarkets, the large Multiplaza Mall, and you’re also very close the Johns Hopkins affiliated hospital, Punta Pacifica
 
The apartments in the newer, most expensive, prestigious area of Punta Pacifica are built much more luxuriously, so as opposed to having floor ceramic tiles, you have marble floors, granite countertops, top of the line appliances, and everything in Punta Pacifica is right on the ocean so you have full ocean views. The Punta Pacifica neighborhood is one of the only neighborhoods in Panama where your building is literally on the ocean. At all the other neighborhoods, there’s either a road in between the building and the ocean or you’re just not in the ocean. Punta Pacifica has beautiful ocean views that make the neighborhood very quiet and very peaceful. The buildings themselves all come with spectacular social areas with large swimming pools, play areas, barbecue areas, and beautiful gyms.  Some of the buildings have squash courts and, racquetball courts.  Punta Pacifica is just a more opulent, luxurious lifestyle.  
 
(Punta Pacifica building in center of financial district, with residential units above the commercial ones, pictured.)
Lourdes Townshend of Multimodal  & Logistic Transports Magazine – Best Places In The World To Retire User Account
The price to buy a home in the area of San Francisco de la Caleta, in Panama City, Panama, could vary from $400,000 and up, because the price is based on the land price, not the house itself; depending on where is located.   Price goes by square meter.
 
There are not many single homes left.  San Francisco has more buildings than houses, and is changing rapidly.  You can find houses, some of them, in the millions in price in the neighborhoods like Altos del Golf.  Others have better prices, such as in Villa Lila, Paitilla or Coco del Mar, among others.
Chris Frochaux of Chris Frochaux - SERVMOR REALTY – Best Places In The World To Retire User Account
The price of a home in  the area of San Francisco in Panama City, Panama, is considerably higher than the price of an apartment. Depending on location, it can easily run between US$500,000 and $1,500,000.
 
One of the reasons is the intrinsic value of the land, as developers started purchasing several adjacent homes and razed them to build high-rises. To be sure, the urban sprawl started to get out of control and the municipality slammed the brakes on the construction of new towers. The other reason is that many houses in San Francisco are being snapped up by chefs... It's become trendy to turn family houses into restaurants in this neighborhood.
 
I live in San Francisco and I enjoy the convenient location, the tranquility, the proximity of Parque Omar (our little Central Park, a safe location to run or walk your dog) close to shopping, hospitals, supermarkets, etc. If it's a house and a little garden you're after, it can be found a little farther north - or in the country's interior. You may want to take a look at the apartments, which offer a better value for your money. We are still in the midst of a buyer's market, for now...

Go Here Next

Go Here Next

 
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadUse the menu on this page to go to categories of Stories.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadUse the menu on this page to go to other categories of questions.
The Best Places In The World To Retire Location Advisor makes personalized recommendations for where to live and retire overseasGet matched to your ideal location to live abroad.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadAnswers about living, working or visiting abroad.
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadStories by expats & others about their life aborad.
Best Places In The World To Retire - MarketplaceFind for profit, non-profit and religious organizations.
 

If you're interested in Price of a Home, Condo, or Apartment in other places, look here...

Go Here Next

 
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadUse the menu on this page to go to categories of Stories.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadUse the menu on this page to go to other categories of questions.
The Best Places In The World To Retire Location Advisor makes personalized recommendations for where to live and retire overseasGet matched to your ideal location to live abroad.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadAnswers about living, working or visiting abroad.
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadStories by expats & others about their life aborad.
Best Places In The World To Retire - MarketplaceFind for profit, non-profit and religious organizations.
 

Our Pledge To You

Best Places will present information from the Community in a transparent way, unedited, except to conform with our Conditions of Use.

You can trust that Best Places does not manipulate content to sell you anything. All opinions in the Community Q & A and Expat Stories are those of its authors, not Best Places.

Get Known To The Community

Those who contribute to the Best Places Community are our heroes! And being a Best Places hero is fast, fun, and easy. Just go to Questions & Answers, find your first question to answer, click on it, and then click the Contribute Your Answer To This Question Button. If you’d rather enter a Story, go to Expat Stories and click the Contribute Your Story Button".

Contact/Support

Please contact us. We would love to hear from you! Customer Service
Technical Support
Business Development
Suggestions
Press
Phone: (US) 520-940-0481