Panama is known for its beautiful and readily accessible beaches on the Pacific and Atlantic oceans….what? Two oceans? Yes, some people still wonder about this. It’s not the fact that Panama is the only country with two oceans; it is not. However, it is a such a unique location that you can have breakfast on the shores of the Atlantic and lunch on the shores of the Pacific, on the same day.
But Panama is also becoming known for much more than its oceans. It is a country still with vast areas of dense jungles and savannah. More than 30% of the country is protected by law under a system of national parks. Most of these parks cover mountainous areas some in such close proximity to Panama City to the amazement of many.
Following fast and furious development of the Pacific Ocean shores the cost per square meter of real estate along the coastline rose sharply to well in access of $1,500. Suddenly, living in Panama’s beautiful mountains is becoming increasingly more attractive
Destinations such as Boquete, El Valle and Sora, to mention the best known examples, continue to attract foreign investment. While some come to these areas enchanted by the success of previous developers, others come to them seeking the tranquility these areas have started to lose.
Overcrowding is now evident in these better known spots. When you take in to account the additional burden on the infrastructure which has not developed at the same pace it is easy to predict potential problems for the future.
The focus of attention is now on other mountain residential developments away from the tried, tested and overpopulated areas. Some of these developments are located in very well preserved areas of stunning natural beauty that locals and foreigners alike marvel at their pristine location.
One such affordable mountain residential area is Trinity Hills Valley in the district of Capira home to Los Altos de Campana National Park and only 54 km from the city of Panama.
The proximity to the city of Panama and to the beaches of Pacific Ocean is one of the key reasons why foreign residents of this mountain residential community have opted to establish their second home here.
Affordable mountain living is another reason why this fairly new development continues to grow and attract new buyers. A key to growing in a fiercely competitive market has been to keep congruency between product quality and price point.
Not having been caught in a speculative whirlpool, the developers of this quaint mountain community have kept a reasonable profitable business while offering value to its customers. Since inception in 2008 the value of the property has risen steadily by over 15% yearly.
Keeping in mind that while growing, Panama’s status is as developing nation and hence the pricing of real estate is in keeping with this. The developers at Trinity Hills Valley strive to keep their price point in alignment with Panama’s cost of living index. The standards of quality however, are, by design, very much in line with what you would expect to find in North America.
Finally, living in Panama’s beautiful mountains is not only more affordable than living on its beautiful beaches; it is also much more affordable than living in the US. Yes, you may be swayed in to thinking that the price of real estate in the US is now in free-fall and poised to drop even further and this may be so. However, consider the price of food, medicine and medical attention to name a few of life’s essentials. Once you start to factor in your daily expenses in Panama and compare them to similar expenses in the US, you will be convinced that if you are one of the 3.6 million baby boomers who could opt to retire this year there is a place close to home (less than 4 hour flight from Texas) where living on your stock market eroded 401k is feasible without having to give up on the good things in life…hey you didn’t work so long and so hard to end up living off of social security alone.