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An Alpine Village in the Tropics; Look at Real Estate in Volcan, Panama
Panama is the country that bridges North and South America. Between the Caribbean and Pacific its climate is tropical. This is a place where you cast little or no shadow at midday.
How is it that real estate in Volcan, Panama has temperatures of 50 degrees Fahrenheit in the evening? The highest Point in Panama is the extinct volcano, Volcan Barú. As part of the central mountain range that runs through Panama the summit of Volcan Barú is over 11,000 feet above sea level. The village of Volcan, Panama in the province of Chiriqui sits on real estate at the base of Volcan Barú. The town is a famous tourist destination with restaurants, cabins, guided tours of nearby Volcan National Park, as well as medical dental clinics.
The surrounding countryside is typical of mountainous terrain. There are waterfalls, alpine lakes, cascading rivers, and mountain meadows. In the lower areas of Volcan, Panama real estate there are plantations famous for their coffee as well as dairy farms.
Property Values of Volcan, Panama Real Estate
Available real estate around Volcan, Panama is being offered for $40,000 an acre for large acreage suitable for development. Similar property in nearby Boquete in Chiriqui Province, Panama is similarly priced. New three bedroom homes in the area go for $400,000. As with the rest of Panama property, new construction does not have property taxes for up to 20 years.
Volcan Baru National Park
The primary attraction near Volcan, Panama real estate is Volcan National Park. The park contains the headwaters of ten rivers. Because of the different elevations in the park, Volcan Baru National Park has a variety of life zones each with its own flora and fauna. For example the park features temperate forests separated from rain forests by volcanic cliffs. Two hundred fifty bird species have been identified here including the exotic quetzal.
The Future of Chiriqui, Panama Property
The economy in Panama is growing. There is a great deal of foreign investment. In Panama City high rises are springing up all over. In the highlands of Chiriqui Province, retirees moving to Panama and second home buyers are purchasing Panama real estate in areas like Volcan. With all the activity property values have gone up in Panama. Nevertheless real estate values in areas like Volcan, Panama still beat the competition. This brings up the issue of just what property competes with Volcan, Panama real estate.
Panama is a democratic, prosperous country in the tropics. Unlike other parts of Central America, the Caribbean, or southern USA Panama does not get earthquakes nor hurricanes. Panama's economy is growing as the USA sinks into a recession. Panama does not tax US income and if you buy property in Panama and retire here Panama makes residency easy. Last, but perhaps more to the point. Places like Volcan, Panama are unique. Real estate here is not duplicated in many parts of the world. Mountain property in the USA is not tropical and mountain property in other parts of Latin America is often as remote as to be unusable. Come take a look at Volcan, Panama real estate and see if you want to buy your Panama property here in the land of eternal spring.
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Disclaimer:
The properties listed on this website are for information purposes only and all information is presented in good faith, But not guaranteed.