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Come to Chiriqui Province, Panama for Great Real Estate Buys


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Looking for a great real estate buy in Panama outside of the capital city? Looking for an upland paradise with a little less humidity and heat but still in the tropics? Come to look at Chiriqui Province, Panama real estate.

Why Panama real estate? Why Chiriqui?

Chiriqui is the most developed province in the country of Panama. The capital is the city of David. The local government of Chiriqui is modeled after that of the United States. Chiriqui is the largest agricultural producer in Panama. In the highlands ecotourism is popular with the many unspoiled natural wonders of Panama.

Chiriqui, Panama real estate benefits from the same progressive laws as the rest of Panama. New construction is free from property taxes for up to 20 years and mortgages of $62,500 (soon to go to $80,000) are subsidized with home owners paying no more than 3% interest. Foreign residents are subject to the same laws and benefits as Panamanian citizens. Also, residency is relatively easy, both for retirees and "persons of means" who purchase property and/or purchase a CD at a Panamanian bank for an investment totaling $200,000.

Panama has the best road, ports, airports, and telecommunications in Latin America. US investment is also the highest per capita in Latin America. The people are friendly, especially in Chiriqui, and Panama does not get hit by hurricanes.

Chiriqui Panama Real Estate Values

A development in the highlands of Chiriqui is offering one and a half acre lots for $109,000. A 35 acre farm, titled, goes for $50,000. An acre and half in Volcan is offered for $35,000.

Additional Chiriqui, Panama real estate includes a house in Volcan with two bedrooms and two bathrooms that is going for $169,000. In Boquete, lots of 1.2 to 1.6 acres are being offered for $50,000 to $65,000.

Boquete, Chiriqui, Panama real estate also includes a set of three properties for sale by the same owner. There is a two bedroom, two bath 5100 sq ft home for $425,000, a three bedroom, three bathroom home for $385,000, and a four acre site with mature coffee bushes, organically grown, with a home site, offered at $280,000.

A Chiriqui, Panama real estate gem is an old banana plantation house from when United Fruit had banana plantations in Chiriqui. This 3000 sq feet house on stilts and has been restored to its original condition. It sells for $160,000.

A Chiriqui Panama beach front real estate property sells for $140,000 for 180 feet of beach frontage and an additional 144 feet of river frontage. Because of the geographic "twist" of Panama (check it out on a map) you can watch the sun rise over the Pacific from this property.

Interested in rural Chiriqui, Panama real estate? Buy a 35 acre farm for $115,000.

If you want to invest in commercial real estate in Chiriqui, Panama look at a corner lot in Boquete for sale for $159,500.

Chiriqui, Panama is a great place to live and Chiriqui, Panama real estate offers you bargains in a variety of settings from your own Panama farmland, to Pacific sea coast hideaways, to property famous for its mountain scenery that attracts ecotourists from all over the world. You can have these treasures on your doorstep if you purchase Chiriqui, Panama real estate.

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