Dedicated to providing you with credible information about living overseas
TextImage
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
This email address is being protected from spambots. You need JavaScript enabled to view it.About River Ranch F...
Kjersten Van Horn of River Ranch Farms Panama – Best Places In The World To Retire User Account
Prices of homes, condos and apartments in or near Boquete vary.
 
​Boquete has grown considerably since I moved here in 2004 and prices of land and homes have risen considerably.  Actually, when I moved here there were not that many homes available for sale. Boquete was a sleepy little town and there was not much tourism in those days, so most young people had to leave to find jobs.
 
Since 2004 not only Boquete but many areas around Boquete and Chiriquí have grown with not only expats moving here but locals as well. Why? There are more opportunities and jobs with the growth, thus the need for more housing.
 
Back in 2004 a few developers started promoting Boquete internationally and it started a boom. Boquete was written up in several publications as “one of the best places in the world to retire”.  With that and the good economy, many foreigners, particularly Americans and Canadians, moved to the area. There were only a few gated communities and not many homes for sale so most people back in those days had to buy land and build if they did not want to be in a gated community.
 
Now some expats and Panamanians that have built homes of all sizes and prices want to sell for their own reasons. Many of them pass on or move back or experience some life changes which causes them to put their properties on the market.  So now because of the increase in population you will find many properties (homes, land, condos and apartments) for sale in the area.
 
Prices depend on location, access, quality of construction, amenities available; pretty much like anywhere else in the world.  As a general rule the closer you get to downtown Boquete the more expensive and again that depends too on how motivated the seller is and quality of construction.
 
If you are looking to buy a home in the area my suggestion is get a good realtor with experience and knowledge of the market and areas. I also suggest working with a bilingual realtor that is a person who can speak Spanish as well as English so that they can communicate in the language of the land, and you.
 
(Photo above of home for sale for US $225,000 in Potrerillos Arriba, 2 bd 2ba on 3+ acres)
 
(Photo below of view of the 3rd hole of golf course at Valle Escondio from veranda of a 3 bd 2 ba villa for sale for $350,000)
Giselle Leignadier of Hacienda Los Molinos – Best Places In The World To Retire User Account
House in gated community of Hacienda Los Molinos, Boquete, Panama – Best Places In The World To Retire – International LivingThe cost to buy a house in Boquete depends on the location. If you are looking for a property downtown, you will find beautiful properties there but they might be a little more expensive than the other ones because you walking distance to town.
 
In the gated communities like Los Molinos, for example, you can get a lot for US $68,000 per 700 square meters (almost a fifth of an acre). A house with two bedrooms, two baths, a living room, and a dining room, and beautiful open areas would cost around $170,000.
 
If you are going build a house outside of Los Molinos, you can construct a house that’s not so fancy for $600 per square meter (about $56 / square foot). If you are going to use imported tiles or Italian floors, it could cost you around $1,500 per square meter (about $140 / square foot). A basic American-style house that is not to fancy would cost around $1,000 per square meter (around $93 per foot), so a 2,500 square foot house would cost around $233,000 to build, plus the land.
 
(House in gated community of Hacienda Los Molinos, Boquete, Panama, pictured.)
This email address is being protected from spambots. You need JavaScript enabled to view it.About Real Estate C...
Alberto Socarraz of Real Estate Chiriqui – Best Places In The World To Retire User Account
Caldera, Chiriqui, Panama – Best Places In The World To Retire – International LivingThe price of a home, condo, or apartment here in Boquete varies on the amenities offered in the area where you are buying. As an example, in Valle Escondido, a two-bedroom, two-bathroom condo starts at around US $250,000. In a community outside of Valle Escondido, a condo is around $125,000. It depends on the lifestyle that you want and how much amenities you want. Do you want to be in a gated community with a golf course, tennis court, shopping and restaurants within just a stone’s throw away from your house or do you want be in a little more secluded or perhaps in a Panamanian neighborhood?
 
A brand new 2,000 square foot house with two bedrooms and two bathrooms on a quarter acre lot, low end, American standard home, outside a gated community would cost around $200,000, which is about $100 per foot. Take that same home and put it in one of the gated communities, and it would cost about $350,000. It costs more money on an ongoing basis because of the maintenance fees and HOA fees, which is another added expense when you live inside a gated community. You don’t have to deal with these fees when you live outside of the gated communities or if you are in a suburban area, but in these, you have to do or pay for the maintenance yourself.  
 
(Home for $315,000 inside a master plan community outside of Boquete in Caldera, Chiriqui, Panama, pictured.)
 
This email address is being protected from spambots. You need JavaScript enabled to view it.About Prestige Pana...
Wee-Yiong Fung of Prestige Panama Realty – Best Places In The World To Retire User Account
Home in Boquete – Best Places In The World To Retire – International LivingYou can get a 100-120 sq. meter (a little less than 1,100 to about 1,300 square feet) Panamanian-style house with 2 bedrooms and 2 baths in a nice and safe location for a price of US $80,000 and above. Three years ago, you could still get a house with 3 bedroom and 2 baths for that price range. Most of the people who buy this kind of house are working in Panama City and want to get a place to relax in Boquete. 
 
But if you want a brand new 200 sq. meter (roughly 2,150 square feet) house in Boquete with 3 bedrooms and 2 baths in a nice location built to North American standards, it would cost you roughly around $800 per sq. meter or US $80 per sq. foot. That's about US $160,000, but that does not include the land. The land is roughly around $50 per sq. meter in Boquete. So if you are to build a 200 sq. meter house a 1,000 sq. meter (roughly a quarter of an acre) piece of land in Boquete, that would cost you around $210,000. But the price could still go higher depending on the kind of cabinets, fixtures, etc. you would want to be installed. 
 
(Pictured: home in Boquete)
This email address is being protected from spambots. You need JavaScript enabled to view it.About Chiriqui Unit...
Philip McGuigan of Chiriqui United, an Association of the leading humanitarian organizations in the Chiriqui Province of Panama – Best Places In The World To Retire User Account
Outskirts of Boquete, Panama, a house on the Rio Caldera – Best Places In The World To Retire – International LivingI just sold a house here in Boquete. It was 1,500 square feet and had two bedrooms, an office, two bathrooms, a dining area and a living room. It had a wonderful outside patio on a quarter of an acre lot surrounded by stone fences, and it had electronic gate and bars on all the doors and windows. The roof was made of composite material. We also had 700 gallon water tanks. I just sold that house for US $189,000, which is fairly representative of the price per square foot of houses here in Boquete.
 
We bought that house when it was two-thirds of the away constructed. We told them that we will pay the price, if they will accept some  changes. We wanted to have a dishwasher, and they had not planned for a dishwasher. We had cabinets installed. Most of the changes had to do with the kitchen. They made those changes. A Panamanian friend of mine said, “You want to 'gringo-ize' a completely Panamanian house!”
 
(Pictured: house on the Rio Caldera, outside of Boquete.)
Linda Jensen – Best Places In The World To Retire User Account
View of Boquete from the mountains – Best Places In The World To Retire – International LivingThere are houses here in Boquete that are worth US $300,000 - $400,000. There are also houses that are really out of the price range for me because they are worth a million dollars.
 
However, many of my friends have nice comfortable homes that are less expensive ranging from $200,000 - $300,000. The houses are composed of 4-5 bedrooms with patios.
 
We live in Boquete Valley of Flowers, in the Alto Boquete area. The prices here are in the range of $100,000 - $160,000 per house. Our home has two comfortable bedrooms and 2 bathrooms. 
Paul McBride – Best Places In The World To Retire User Account
A recent survey conducted by my company showed that the median asking price of a home in the Boquete area is $295,000 for a typical 3 bedroom/2 bath home.  Prices vary by area with homes near downtown Boquete having a median price of $370,000 while homes in the Alto Boquete area have a median price of $254,000.
 
The median asking price for a 2 bed/2 bath condo in the Boquete area is $191,500. 
 
Spending time with a qualified, knowledgeable and experienced real estate professional is the key to finding the right home.  There's more to purchasing a house or property than just price.  Knowing the area, the micro climate conditions, the cost of operation and finding the best values are all important when looking for a home or property.
Linda Pitti – Best Places In The World To Retire User Account
The price of a new home in Boquete, Chiriqui Province, Panama starts at around $188,000, including the land. This is a 2 bedroom / 2 bathroom 1,711 square foot home on about .2 acres.
 
If you would like to buy just the land we sell for $70 per sqare meter, which translates to about $94,400 for a third of an acre. Lots range in size from about a third of an acre to about two acres.
Bill Hamilton of Bill Hamilton – Best Places In The World To Retire User Account
House prices in Boquete have risen in the last few years and houses are not anywhere as cheap as some other areas. When there is an influx of ex pats, you will find prices higher. This also applies to some of the restaurants too.
 
It depends what you are looking for. I have seen prices rise from $100,000 to $200,000 upwards. Gated communities have shot up and so have the prices. 

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) 520-498-0427