Panama’s interior is a spectacular mixture of mountain towns and beautiful land. The interior is the provinces, cities, and towns that are outside of the capital. Many Panamanians and Foreigners living in Panama City travel by plane (45 minutes) or drive (6 hours) to the getaways such as Boquete and Volcan in Chiriqui. These towns offer quaint hotels, restaurants, and a relaxing lifestyle which attract many people for retirement living.
The Mountain towns near Panama City are starting to take off in tourism and development. There are some great investment opportunities in these tranquil towns that are great for retirees who want to be close to Panama City and the Pacific Beaches.
Some of the biggest growth sectors and new real estate projects are based in towns and cities in the interior of Panama City.
According to Pols Attorneys: "Panama’s interior includes some of the country’s most exclusive beach areas, agricultural mountain towns, and affordable suburbs. All of these areas are turning out to be big draws for new properties (commercial and residential) and lots of expat retirees and younger investors."
There are four areas that are perfect for investment in Panama's interior real estate such as Boquete, Panama’s central Pacific beach coast, El Valle, Pedasi and Bocas del Toro. The great thing about these markets is that there’s lots of room to work with, as far as development space goes. The price to develop is much lower than the city.
Before you plan to invest in the interior of the country, look first the community, the location, and if it has access to commerce. In Panama´s interior, there are many new projects and older properties. You can often get a really good price and a long-term return on your investment.