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February Festivals in Pedasi

February 20th, 2012 | Posted by KristinG in Living in Panama - (0 Comments)

Living in Panama has many perks. We’ve already discussed the great cost of living in Panama and the amazing location of Panama real estate, but there is so much more to living in Panama.

In Pedasi, where the oceanfront estates are being constructed, there is an annual festival in February. This festival is joyous and celebratory in nature. You see, in Pedasi, they can separate themselves into two separate parts of town because the main road divides them. Now before you go thinking that they have an intense rivalry or a “wrong side of the tracks” you would be wrong. The only time this divide comes into play is during the Carnival which is celebrated in February.

The Calle Abajo or lower street and Calle Arriba the upper street, each choose a representative for themselves. This is a particularly beautiful young woman who is their “Queen” of the Carnival. Each side of town tries to out do the other with fireworks, floats, music, and dancing. At the end of the day, the people vote and the Queen with the majority of the popular vote is the crowned the winner and Queen of Carnival for the year. This great festival is only one of the great reasons to consider relocating to Panama.

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Live Well Spend Less in Panama

February 6th, 2012 | Posted by KristinG in Living in Panama - (0 Comments)

 

There are a lot of folks in the United States that, while excited about retiring, are not unaware of the pressing economic issues facing the country. They worry that the amount of money that they have saved up will not be enough to carry them through their retirement. This is a just and normal fear. With the prices of food, clothes, shelter, medications and other healthcare on the rise, it is possible that no matter how much you have saved, it will run out.

This is why many of the nation’s retirees are considering moving to Panama instead of places like Florida or California. The cost of living in Panama is remarkably low. It is possible for a couple to live in a large three bedroom apartment, or some other piece of prime Panama  real estate, for a mere $1,400 per month. But that’s not only the price of the apartment; it’s the entire budget for the month!

This includes dining out with friends at restaurants on a regular basis, the enjoyment of fine wine and food, making use of the recreational activities across the country such as fishing, scuba diving, and swimming, and it also includes the price of doctors visits, health care and the like.

With a price like that, how could you move anywhere else?

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Panama Real Estate is on the Rise

January 23rd, 2012 | Posted by daniela in Panama Real Estate - (0 Comments)

Panama Real EstateWith Panama in control of its canal, Panama real estate has seen a large increase in funds and interest from investors and visitors from all over the world.  The booming economy has fueled the improvements made to the country.  Many of these improvements were made possible by expatriates and investors from America building hotels and purchasing retirement homes.  With this much capital being spent in the country, Panama retirement is an option for many.  The passage of the United States-Panama free trade agreement in October will pump even more people and money into the country.

Arguably, the most important improvements to Panama are being made to the Panama Canal itself, which is in the early stages of its expansion.  The project hopes to widen and deepen the canal and add two locks, essentially doubling the amount of cargo the canal can hold.  The expansion is expected to be finished by 2014, the canal’s 100-year anniversary.

With so much Panama real estate for sale, it’s no wonder many high-profile projects have been green-lit in the country.  These include The Panamera, the very first Waldorf Astoria hotel in Latin America (opening in June 2012); the Trump Ocean Club, the region’s tallest building; and the BioMuseo, a natural history museum that is a decade in the making.

Panama real estate is in high demand and the country’s continuing growth will create a lot of opportunities for visitors and tourists to take advantage of.

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Living In Panama, On the Ocean

January 9th, 2012 | Posted by daniela in Living in Panama - (0 Comments)

moving to panamaLiving in Panama means you can reap the benefits of bathing on the beach.The salt is good for your hair and skin, it sloughs the dead stuff off and rejuvenates you to feel alive. The sun offers Vitamin D and natural happiness; it’s what humans are supposed to expose themselves to every day for about 20 minutes. After that, put on some sunscreen. You don’t want to overdo it.

Plus swimming in the ocean is a good way to get daily exercise — bobbing in the waves isn’t easy and swimming in general is a great form of cardiovascular training. And the beauty of the Gulf of Panama with its palm trees and sweet-smelling breezes; its teal waves and languid white sands — it’s all so paradisaical.

And it’s never too cold or hot. The daily temperatures usually range from 75 to 90 degrees, which means it’s always the perfect weather for a dip. It’s especially nice when your Panama real estate is right on the beach so that you can claim and familiarize yourself with a special swatch of sand where you lay your towel and sandals every day.

If all this sounds like a dream, it doesn’t have to be — look into moving to Panama today.

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Purchasing Panama Real Estate

December 19th, 2011 | Posted by KristinG in Panama Real Estate - (0 Comments)

Buying a home is potentially a very stressful and nail biting experience. You need home owners insurance, enough money or a mortgage to pay for the home, an inspection is sometimes required, and there is a massive amount of paperwork to go through that usually requires a lawyer. Now imagine trying to do that out of the country! It’s enough to make you shudder, right? Wrong! Purchasing Panama real estate is actually almost as simple as living there, especially if you live in a gated community.

You can find many gated communities that have fantastic amenities like pools, tennis courts, and easy move ins! You can definitely bet that you’re moving to a well kept and beautiful place when you choose a community like this. They usually have something like a home owners association that manages the upkeep and care of the buildings.

Also, when you move there you will find that the Panama cost of living is significantly lower than other countries like America. You might find a brilliant, large, and beautiful home in a gated community for $300,000. Compare that to the New York City price of $600,000 for a small, cramped one bedroom in a decent neighborhood.

Really, purchasing a home should be easy, stress free, and somewhat relaxing. That’s exactly what Andromeda Pedasi is trying to achieve!

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Cost of Living in Panama

November 28th, 2011 | Posted by KristinG in Living in Panama - (0 Comments)

I’ve sometimes said that there’s an exchange rate between New York City and the rest of the world. I used to live in Western PA and I noticed the huge jump in price in everything from a gallon of milk and a tank of gas to the cost of a hamburger in a fast food restaurant. Everything is more expensive here.

Living in Panama is very similar in that it also seems to have a cost of living exchange rate, except in the opposite direction of New York. Here in New York, buying a place to live is almost impossible because it’s so expensive. Panama real estate is significantly cheaper. A one bedroom apartment on the Upper East Side of Manhattan will cost you over half of a million dollars. A beautiful two bedroom house in a really nice area of Panama will cost around $150,000.

It really depends on how you live, but there’s no denying that the Panama cost of living is a lot lower than here in the United States. If you lived like a king in New York City one single meal could cost you around $200 at an expensive restaurant. Living like a king in Panama, an entire month of eating at fancy restaurants in Panama will cost you $300.

Yes, there is an cost of living exchange rate in Panama, but in favor of the person who is lucky enough to live there!

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