What's the price of a home, condo or apartment in Boquete?
Bill Hamilton - Bill Hamilton
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.
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.
Posted April 10, 2013
Linda Pitti - Hacienda Los Molinos - Boquete, Chiriqui
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.
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.
Posted April 23, 2013
Paul McBride - Inside Panama Real Estate
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...
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.
Posted June 27, 2013
Linda Jensen
There 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...
There 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.
Posted September 7, 2014
Philip McGuigan - Chiriqui United, an Association of the leading humanitarian organizations in the Chiriqui Province of Panama
I 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...I 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.)
Posted December 24, 2014
Wee-Yiong Fung - Prestige Panama Realty
You 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...
You 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)
Posted July 5, 2015
Alberto Socarraz - Panama Vida
The 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...The 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.)
Posted September 12, 2015
Giselle Leignadier - Hacienda Los Molinos
The 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...
The 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.)
Posted November 10, 2015
Kjersten Van Horn - River Ranch Farms Panama
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...
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)
Posted November 9, 2017
Rommel H. Troetsch - Arquitectura Axioma
Greetings expats community.
The price of a condo or any property varies a lot depending on the size and location you choose and what you are looking for.
The best advice that I can give you is to organize your priorities based on what accommodations fit your needs and what are most important to you. Take the following things in consideration:
The price of a condo or any property varies a lot depending on the size and location you choose and what you are looking for.
The best advice that I can give you is to organize your priorities based on what accommodations fit your needs and what are most important to you. Take the following things in consideration:
- Is there any hospital or health care center close to me?
- Is there any...
Greetings expats community.
The price of a condo or any property varies a lot depending on the size and location you choose and what you are looking for.
The best advice that I can give you is to organize your priorities based on what accommodations fit your needs and what are most important to you. Take the following things in consideration:
The price of a condo or any property varies a lot depending on the size and location you choose and what you are looking for.
The best advice that I can give you is to organize your priorities based on what accommodations fit your needs and what are most important to you. Take the following things in consideration:
- Is there any hospital or health care center close to me?
- Is there any supermarket or grocery store near by?
- Are the schools for my kids close enough so I don't need to hire a private bus to get my children to school?
- Any parks, plazas, or entertaining activities close?
Having said that, you can look for prices of apartments or condos in the area that range from 80,000 USD up to 300,000 USD, depending on the size and the finishes. They could be located downtown Boquete, (which is closet to everything) or in Caldera (another part of Boquete) which is in the middle of nowhere. The prices are always subjective depending on what the current owner thinks about the property, so it is not easy to have a fixed price of a property in particular. When you look for a property take all of this in consideration to see if the price is good or not.
I hope this answer helps you so you don’t waste your time trying to move to your beautiful new life.
I hope this answer helps you so you don’t waste your time trying to move to your beautiful new life.
Posted January 22, 2018