©istockphoto.com / SimonDannhauer
Government-sponsored incentives are drawing retirees to Panama.
From superior benefits for retirees and an assortment of visa options, to the captivating sights and real estate options available, there is much to see and even more to experience as a resident of Panama.
For retirees in particular, the benefits offered through Panama’s programs have crowned it as “one of the top retirement destinations in the world,” according to Stephanie Villarreal, president and Realtor for Your Panama Real Estate Connection. She notes that the government-sponsored “Jubilado” retirement program provides impressive discounts on a range of expenses, including dental/eye exams, medical consultations, restaurant bills, airline tickets and even car purchases. What is needed to qualify is an annuity/pension-like income of $1,000 USD per month. Having good, affordable medical services like, amongst others, the Johns Hopkins-affiliated hospital in Panama City is another added benefit, Villarreal says. New residents find themselves taking on the Panamanian lifestyle in no time at all.
The process of immigrating to Panama is relatively simple as well, Villarreal says, and with the help of experienced law professionals, the process is straightforward and easy.
Basilica of the Mother of God is prominent in Casco Viejo, where churches dating back hundreds of years blend with activities for those of all ages.
Photo ©istockphoto.com / rchphoto
“We work alongside attorneys to assist our clients with immigration and residency,” she adds. The Panama Friendly Nations Visa, for example, is also a popular special immigration program for citizens of selected countries who have professional or economic ties with Panama.
Those exploring their immigration options should also understand the differences in lifestyle of Panamanians, from “slower pace of life” to the fact that Spanish is the country’s main language. However, every difference also offers an opportunity to learn and experience the unique nuances of Panama. “Things in Panama move slower than in North America and Europe,” says Villarreal, “but with our team’s extensive knowledge and experience of how things work in Panama, we can assist our clients to adjust to life in the country.”
Adjusting to life in Panama can come easily with the help of the right brokerage team who will help guide potential buyers to their dream home or neighborhood. Villarreal says her team recommends that buyers should visit the country first to get a feel for what Panama is all about. “There are established ‘expat’ communities in Panama City, various communities at the beaches … there are many clubs offering get-togethers, bingo, Spanish courses and more.”
Add this to the plethora of good restaurants, cafes and bars amidst the cobblestone roads and churches of Casco Viejo, Panama City’s old quarter, and the amazing beaches and archipelagos, and there’s too much to fit into one trip. So, perhaps, make it a trip to last the rest of your life?
This article originally appeared in the Unique Homes Spring ’20: Elite edition.
In the exclusive El Encanto development on Isla Saboga, Panama, this home has stunning views of the jungle, ocean and beach.
“This home in the beautiful Las Perlas Archipelago in Panama is perfect for a couple looking to get away from it all,” says listing agent Stephanie Villarreal of Your Panama Real Estate Connection. “Life on the island is very relaxed and the expansive deck on the main level provides a perfect space to enjoy endless views.”
The total indoor and outdoor area is approximately 2,700 square feet (or 250 square meters) on three levels. The three-bedroom, two-full- and one-half bath is equipped with all the modern amenities.
“The house is meticulously maintained by the present owner and comes equipped with top-quality furnishings,” says Villarreal. “Attention to detail is evident throughout starting from the custom kitchen cabinets imported from Italy to the screened dining room and sitting area which is perfect to enjoy the gorgeous sunsets.
The home, listed for $629,000 USD, is ready for immediate occupancy and the property is located only 35 miles from Panama City (next to Contadora Island) and is easily reached in under 2 hours by ferry from Panama City, or only 20 minutes by airplane to Isla Contadora and then a short 10-minute boat ride to Isla Saboga.
“Perhaps one of the most unique features of the property is that there are many mature trees including mango, papaya, coconut and plantain,” says Villarreal. “The ease of having tropical fruit at your doorstep is definitely a plus — not to mention that being on a tropical island, you are steps away from the beautiful beach and can relax in the clear Pacific waters or try your luck fishing.”
For more information on this property, please visit www.yourpanamaconnection.com
With a view of the beach and plenty of bedrooms, this Panama home is the oasis of your dreams.
On the idyllic island of Saboga, in the Las Perlas Archipelago in Panama, this three-level, five-bedroom, five-bath house is surrounded by tropical plants and trees and overlooks a gorgeous beach. “The islands that make up the archipelago are one of the very last undeveloped island chains in the world,” says listing agent Stephanie Villarreal of Your Panama Real Estate Connection.
Conveniently located, the island has a heliport, there is a daily ferry service to Isla Saboga from Panama City, and the neighboring island of Contadora has an airstrip.
The home, which comes fully furnished and is listed for $850,000 USD, was “custom built to provide the very best in island living,” says Villarreal.
The lower level of the house has two bedrooms, each of which are small studio apartments with full kitchens — and decks and patios overlook the beach just 26 steps below. “Perfectly situated, you can enjoy a perfect balance of indoor/outdoor living,” says Villarreal.
The main level has one master bedroom, kitchen and living room and a large open deck with a pergola overlooking the beach and ocean. From here, “you can enjoy the spectacular views of the beach and ocean,” says Villarreal. “Imagine waking up in the morning, sitting on the deck and enjoying coffee — listening to the birds.” Or at the end of the day, “enjoying a fresh coconut or cocktail —and watching the sun go down.”
The upper level of the house has two bedroom suites with a shared kitchen between them. Each upper bedroom suite has a deck overlooking the beach. “This beautiful house is a perfect fit for a family looking for a change or adventure — or is well suited for anyone wanting to start a sport-fishing lodge, as the area boasts some of the best sport-fishing and an abundance of marine life,” says Villarreal. “No matter where you are in the house or the property, there is no forgetting that you are on one of the most beautiful islands in Panama.”
For more information, visit the link here.
©istockphoto.com / SL_Photography
From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.
Stephanie Villarreal, President and Realtor of Your Panama Real Estate Connection, says that one of the most unique aspects of the country is in their very name — connection. “Panama is very connected … amongst others, Panama City’s Tocumen International Airport is known as the ‘Hub of the Americas,’ making Panama very easy to get to,” she says. The connection also extends into a selling point, especially for American buyers, as Panama uses the U.S. dollar as its currency, unlike other Central and South American countries.
Panama’s accessibility via air and sea helps to deepen its connections internationally. Because of this, according to Villarreal, the country’s diversity is far reaching, as many Americans, Canadians, Europeans and others have chosen Panama as their preferred retirement destination, or have purchased real estate and live either part-time or full-time in the country. A recent real estate trend in Panama also includes more international buyers, particularly from mainland China. “There are many well-known multinational corporations with regional headquarters in Panama City as well as embassies of many countries,” Villarreal notes.
Luckily for interested buyers, there is plenty of inventory in a range of property options. Villarreal and her brokerage work with listings in many regional areas with different unique characteristics, from highland properties and waterfront listings to island living options. Elegant Panama City apartments in luxury residential buildings are especially appealing, created by reputable architects and builders into “property masterpieces.”
These masterpieces continue to grow in number and variety. For example, the exclusive Santa Maria development in Panama City is being further developed — it boasts an 18-hole Nicklaus-design golf course, and the city’s historic district, Casco Viejo, is a UNESCO World Heritage Site. Villarreal also mentions that there are several unique private island options with modern conveniences, including state-of-the-art marinas.
Panama
Stephanie Villarreal
President, Realtor
Your Panama Real Estate Connection
888.899.0019
info@yourpanamaconnection.com
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THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.