During a Panama Relocation Tour we visit beach towns, mountain towns, and metropolitan areas. We also visit with expats and Panamanians who live in each of these areas so you can get the first-hand scoop about what it’s like to live in each area. You won’t hear any “rose colored” glasses stories during a Panama Relocation Tour. You’ll get to see and learn about the REAL Panama up close and personal.
About half the people on our tours are “beach people” and half are “mountain people”. Both are usually looking for a more affordable place to live. So, starting with the February 2018 tour, we’re adding an optional tour to Puerto Armuelles to the itinerary. Puerto is on the far western side of Panama, close to the Costa Rica border, and one of the most affordable beach towns in Panama. Puerto is also one of the few beach towns where the town is actually right next to the beach. The population is about 25,000 including surrounding communities.
About 10 years ago, Puerto was a vibrant town which was primarily built by the United Fruit Company (Chiquita Banana). But when Chiquita left Puerto Armuelles, unemployment was high and the town fell in to disrepair.
Today, Puerto is still rough around the edges but it does have a hospital, grocery stores, restaurants and amazing ocean views. But that’s about to change. In 2017, Del Monte signed a multi-million dollar contract to come in to Puerto Armuelles to start banana production again. This will be a huge boost to the Puerto economy.
I’ve been a real estate investor for 25 years. I can tell you that the best time to get in to any market is when there is an “upside potential”! With the Del Monte deal, I think Puerto will make a big come back over the next couple of years. The time to get in is now! Once Del Monte improves the town, prices will likely go up.
Rentals in Puerto are much more affordable than other beach communities. You can get a nice 3 bedroom 2 bath house for under $600 a month. I’ve even seen rentals for as little as $300 a month. See the photo of the pink house on the right, it is advertised for $375 a month, furnished.
Puerto home prices are much more affordable too. A friend bought a 3 bedroom 2 bath A-frame house (fixer upper) for only $15,000 in Puerto. A few months ago, a Canadian couple from my tour purchased a 3 bedroom 2 bath ocean front house for only $135,000. And another couple from my tour purchased a 3/2 for $75,000 in the neighborhood that was for Chiquita executives. These prices are unheard of in most other beach communities in Panama.
On the last day of Panama Relocation Tours, day 6, we will go to Puerto Armuelles. It’s an optional tour but only costs $20 per person which includes transportation to Puerto, lunch in Puerto, and a stop by another affordable community, then transportation back to Boquete.
While we’re in Puerto, you’ll see affordable rentals, during lunch you’ll meet people who live in Puerto, get to walk around town and on the beach so you can get a general feel for what life would be like living in Puerto Armuelles.
IT GETS BETTER….
When we leave Puerto Armuelles, we will visit a community that has 2 bedroom 2 bath 1400sf furnished rentals for under $500 a month, including all utilities. These same units sell for only $50,000 completely furnished. There is a fantastic pool at the community too. These homes are about half way between David, the second largest city in Panama, and the Costa Rica boarder.
The optional tour to Puerto Armuelles will be an all day excursion which includes round trip transportation plus lunch in Puerto… for only $20 per person!
Yes, there are still affordable places to live in Panama. Come join us for a Panama Relocation Tour so we can show you how you can live BETTER for LESS in Panama. Click on the TOURS button above to learn more about all the things you will learn during a Panama Relocation Tour.
Here’s a VIDEO overview of Puerto Armuelles and the Big Daddy Beach Club and Hotel. Let’s do this!