Posted by Maria Arias on March 23, 2017 | About Panama | 0

Best Neighborhoods in Panama City to Live

Panama City is a privileged place because of its geographical location. It is not usual to see hurricanes or earthquakes as it happens in other countries of the region and this is a great advantage. In addition to Panama's economy, it has made it the preferred location for many foreigners to invest and settle in or to purchase a second home after retirement, as well as for many international companies for their regional centers.

Among the best neighborhoods in Panama City to live are the following: Avenida Balboa, Costa del Este, Punta Pacifica and San Francisco.

The best neighborhoods in Panama City are characterized by being highly centric and offering a large number of services. They are areas that have nearby banks, supermarkets, restaurants, pharmacies, schools, shops, among others.

There are more areas located outside the city that are being targeted by people who want to build and invest new projects such as Arraiján and La Chorrera. Residential project to be highlighted in Panama Oeste  is Villas de Nuevo Emperador, a project built with family in mind, not only for all the amenities it offers but also for its perfect location in Arraiján.

Avenida Balboa Panama

Avenida Balboa is the most modern and spacious way of Panama City. It has six lanes, a central island and two jetties. It is approximately 3.5 km long and is located on the shores of the Pacific Ocean, making it one of the major points of interest for the real estate development of the city.

In addition, it has more than 8 courts and recreational parks, gazebos and a cycle route, fountains and green areas with trees and tropical plants, and the monument to the discoverer of the South Sea, Vasco Nuñez de Balboa.

Next to the avenue is located one of the main financial centers of the city. The road is connected to the South Corridor through the bridge to the Israel road.

Yoo Panama is a sophisticated building located in the heart of Avenida Balboa.

Costa del Este Panama

Costa del Este is an exclusive real estate development area in Panama City. It was designed with high standards of first world, completely buried wiring, restricted access urbanizations, independent plant for waste water processing, etc. It has well planned residential areas, large buildings, commercial plazas, large sidewalks, banks, schools, industrial park, offices, green areas, and a boardwalk nearly 4 miles long.

It is crossed by the South Corridor, connected to the city by a marine bridge two kilometers long, which communicates it in a few minutes with the city center and Tocumen International Airport. 

An outstanding project of Costa del Este Panama is the Skyline, a spectacular building designed and located at a precise angle that allows to enjoy an incomparable view of the sea and the city.

Punta Pacifica Panama

Punta Pacifica is one of the most exclusive residential areas of Panama City, and consequently the Republic of Panama. A state-of-the-art hospital (with the affiliation of Johns Hopkins Memorial Hospital, the only Central American hospital in collaboration with Johns Hopkins Medicine International) was built in this area and also a large-scale commercial center. It has excellent private schools, many shops, restaurants, supermarkets and any other comfort you can imagine.

In addition, Punta Pacifica has beautiful new buildings in the best residential environment and many others in full construction.

Exclusive projects like Ocean Reef Island and the luxurious Trump Tower are located in this residential area.

San Francisco Panama

San Francisco Panama is one of the most traditional residential areas in Panama. In this zone is the Parque Omar, one of the most extensive parks in Panama City, with a 5 km route.

Residents of the area use it for sports, walking outdoors or simply disconnecting from the hustle and bustle of the city.

San Francisco is home to the country's most important commercial street, Calle 50, with imposing and emblematic buildings such as the Revolution, comprising one of the country's most important business centers.

Advantages of living in Panama