Rentals in Boquete, Panama

Rentals come and go quickly, so even if you see something not currently available, keep checking back. A lot of folks come to Panama having swallowed the idea that Panama is cheap, cheap, cheap.  Well, once upon a time it was cheaper … depending of course from where you were coming.  I see people on line who are looking for “2 or 3 bedrooms, US-style design and kitchen, preferably with a view near to town” for “under $600 a month” … oh yeah, “utilities included, high-speed Internet.”  Good luck with that!  One bedroom rentals around $600 a month do exist, but generally are snapped up quickly.

Whether you should rent first before buying depends on who you are talking with.  Generally a few month rental is a good idea while you get acclimated and shop around.  But if you fall in love with something and know what you like …that’s what we did.  We knew what we wanted and found it the first time we came to visit and we’ve been happy here for 12 years.  So it depends and there is no one fast rule that fits everyone.

And a word about leases … they really don’t mean much in Panama.  A lease is good to have, and it is the way that most expats are used to doing business, but a lot depends on both parties being honorable and good people. Finding legal redress in Panama is a long, complicated and very expensive process.

For Rent BOQUETE Valle Escondido $2,00o

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Spectacular, fully furnished top-of-the-line, 3 bedroom, 2.5 baths, gourmet kitchen, in one of the most private spots in Valle Escondido with spectacular views! Utilities, TV & high-speed Internet all included.  Long term $2,300

For Rent BOQUETE beautiful in Jaramillo Abajo $1,000

Hinson 2
Beautiful 1100 square feet apartment available for rent in  Jaramillo Abajo, short or long-term rental.  Located in Montana Verde, Jaramillo Abajo with spectacular views of Baru, canyon & Alto Boquete. Surrounded by coffee, citrus and gardens.

For Rent BOQUETE 2+2 furnished in Alto Jaramillo $975

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Charming 2 bedroom, 2 bath, furnished home in Alto Jarimillo on 2.5 acres  with outstanding views.  Landscaped and includes gardener. 1,200 gallon underground water storage tank. Tile roof, American style hot water heater. $975 per month long term.

For Rent BOQUETE fabulous poolside casita $650

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Quiet, single person needed for this incredible one bedroom, one bath poolside casita located in a premier gated community warmer than Boquete so you will appreciate that you have use of the pool.   Enjoy the beautiful views of the canyon, waterfall and river below, Pacific Ocean and at night the lights of the city of David on your private terrace! $650 3 month minimum. Includes all utilities.

For Rent BOQUETE Valle Escondido 2+2 condo $1,600

Rene condo 4

Overlooking stream and golf course, 2 bedroom, 2 bath upstairs condo for rent, furnished with 2 king beds ,kitchen essentials, towels sheets, flat screen TV and move-in ready. Laundry room with washer and dryer and all stainless steel appliances. Gas stove. Parking for 2 cars. Nice outside covered terrace. $1,600 per month.

For Rent BOQUETE 2 br Los Trances $750

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Fully furnished, two Bedroom, plus office and sun room . . . Huge master bedroom with king bed, 2nd bedroom has queen bed. Large living room plus a separate sun room which is ideal for morning coffee while watching the birds. $750 includes all utilities.  Available now through December, maybe longer.

Rented Check Back PALMIRA Cute 1 BR Coffee Farm Casita

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Rented but check back in September 2016 – Cute 1 bedroom casita on coffee farm, just off paved road.  Flowers, birds, coffee … the Panama you came to enjoy.  Long-term preferred.  Pets possible – inquire.

Panama’s Economic Growth & Future

Thinking about Panama … as a place to invest, live, retire?

Whether it’s Panama or someplace else, you need to look beyond the palm trees and hype and look at the economics of where the country is and where it is going.

[Knowledge@Wharton, the Wharton School of the University of Pennsylvania journal, says that the transformation Panama Canal expansion project will bring to Panama’s domestic economy and society have been largely overshadowed by the historic expansion.]

“With the opening of the long-awaited Panama project this June, all eyes are on the impact the $5.25 billion engineering marvel will have on maritime traffic across the vital international lanes that link the Pacific, the Atlantic and the Gulf of Mexico.

“The expansion has already bolstered Panama’s efforts to become the Singapore – or perhaps Dubai – of Central America. It also promises to help to transform the role that Panama is playing for many U.S. and other foreign firms that are doing business in Central and South America.

“There are several factors that make Panama’s prospects promising for many multinationals. Blessed with a unique geographical position, Panama is one of the fastest-growing economies worldwide.

“According to the World Bank, between 2001 and 2013, its average annual growth rate was 7.2%, more than double the average in Central and South America. In 2014, growth slowed to 6.2%. It was 5.8% in 2015, a year in which virtually all the region’s economies either slowed down or contracted.

“When there is a $25 million investment in New York, Buenos Aires or Mexico City, nobody sees it. In Panama, an investment of this amount, the restaurants, the stores and even the taxi drivers [feel] the impact,” says C.E. Maurice Belanger, executive director of the American Chamber of Commerce & Industry of Panama.

“The expansion of the Canal will enable longer, wider and heavier ships to transit; it is expected to open for commercial traffic on June 26. Although that’s far behind the original target date of August 2014, the delay has given U.S. East Coast ports and businesses more time to get ready.

“The expansion includes two larger sets of locks on both the Atlantic and Pacific sides, new access channels, dredging and improved water supply along the length of the 50-mile waterway.

“Observes Philip Nichols, professor of legal studies and business ethics at Wharton: “The Canal is the advantage that Panama has over everyone…. It’s like oil, but it’s even better than oil.”

“Beyond using Panama’s convenient location for managing regional distribution, an increasing volume of manufacturing takes place here. At Panama Pacifico, 3M produces lines for its automotive division, including paint guns and plastic bottles.

“Tourism is another sector growing at a rapid rate. According to Panama’s comptroller general directorate, income from tourism is now nearly double what the country earns from the iconic Panama Canal itself.”

On that same note …

T.Y Lin International to start project management of fourth canal bridge

“The president of Panama, Juan Carlos Varela, has given the green light to T.Y Lin International to start project managing construction of a fourth bridge over the Panama Canal.

“The US-based infrastructure engineering company won an international tender for the work likely to cost around US $17 million, according to local media.

“Pre-qualification has started for companies interested in participating on the billion-dollar project.

“The new bridge is one of three infrastructure projects within a five-year development plan recently announced. The other two are construction of Central America’s first natural gas power plant and Line 3 of Panama’s metro.

“The announcement comes just ahead of the opening by the Panama Canal Expansion authorities of a major project that widened the canal to allow canal use by ships with cargo capacity of up 20 TEU.

“Panama Canal expansion project, also called the Third Set of Locks Project, is intended to double the capacity of the Panama Canal by adding a new lane of traffic and increasing the maximum allowed width and height. The new larger size of ships, called New Panamax, is about one and a half times the current Panamax size and can carry over twice as much cargo.”

[First publishedon http://www.WorldHighways.com]

Hearing What You Want to Believe

Several years ago University of Illinois psychology professor Dolores Albarracín, led the study, later published in Psychological Bulletin, the journal of the American Psychological Association, that analysed data from 91 studies involving nearly 8,000 participants, focused on seeking a definitive answer to a longstanding debate. “We wanted to see exactly across the board to what extent people are willing to seek out the truth versus just stay comfortable with what they know.” Or one might also say, “what they think they know.”

Not surprisingly the research found that people were in general twice as likely to select information that supported their own point of view as to consider an opposing idea, with two-thirds going for supportive views as opposed to a third going the other way. Some people, particularly those with more close-minded personalities, were even more reluctant to expose themselves to differing perspectives, opting for information that corresponded to their views nearly three-quarters of the time.

Sante Fe Panama beautiful but ... Panama Relocation TourIt is my opinion that many times people are so anxious to find the “paradise” that they believe Panama to be, that they accept only what they want to hear, what confirms their existing beliefs. Now I am all for Panama as “paradise,” after all it’s been our experience, and I wrote the book THE NEW ESCAPE TO PARADISE: OUR EXPERIENCE LIVING AND RETIRING IN PANAMA. But … BIG BUT HERE … some of the organizations who promote expat living in Panama selectively offer information that glosses over the realities of life in Panama. And of course they do a very profitable business.

OLYMPUS DIGITAL CAMERAWhat I try to do is give the REAL story and encourage people to move ahead cautiously, checking out things as they really are, spending time actually in the real Panama, not just a fancy hotel room somewhere, with boots-on-the-ground. If you do that there is a good chance that your will decide moving to Panama is right for you, but you’ll know what you are getting into. We all know you take a big risk when you leap before you look, yet it amazes me how many people will pick up and move to another country, usually one that’s hyped as the latest, greatest place to retire, without doing their own due diligence. In the end they head back home embittered, frustrated and having lost lots of money in the process.

Those who do the research and carefully check things out are the ones who come to Panama, love it, and thrive on the adventure!

I didn’t say these things, but here’s what others have to say about THE NEW ESCAPE TO PARADISE, and if you doubt it, just check out the comments on Amazon.

The Most Beautiful House in Boquete, Panama FOR SALE 12 A good honest outline of what Panama is really like. I was very impressed with this book, very well written and very informative. Having lived in Boquete, Panama for almost 6 years, travelled around the country and worked here, I have never seen such an honest, complete and straightforward representation of what it is like to live here. Richard writes the truth about subjects that many won’t, and shows very little bias throughout the book. In all of his chapters explaining life, real estate, services, construction and retirement in Panama, he hits the nail on the head and isn’t afraid to outline the fact that Panama may not be for everybody.” Conner

“5.0 out of 5 stars worth every penny, Well written, and informative.” Big Al

“What a fantastic resource from someone who has been living in Panama and knows the eccentricities and nuance of the culture. Whether considering Panama or anywhere else to retire abroad, Richard provides a lot of food for thought. Thanks for sharing your knowledge, Richard!!” khfitz6311

“Great Job Richard!“I could hardly put this book down, even though I’ve lived in Boquete for seven years. Richard tells it exactly like it is … how I wish this wonderful tool were available before we moved here. It would have saved a lot of frustration trying to figure it all out for ourselves. This is an awesome book for those thinking of retiring in Panama.” Kathy Donelson

“5.0 out of 5 stars Must-read for anyone contemplating a move to Panama – Richard once again “nails it” with his straight-shooting comments, No rose-colored glasses here – Panama is not for everyone. If you’ve never lived outside the US before, particularly in a developing country like Panama – don’t even think about making a move without thorough research. Richard’s book is one of the best. Extremely valuable advice – take it to heart!” AKD

“Great book! This book is like reading a letter from a good friend who answers the most important questions you would ask if you were thinking of moving to Panama. Like a good friend, he gives you honest answers.” Jubal Atencio

“Reading Richard’s book paralleled the thoughts we were processing trying to determine where to retire and if Panama is a viable option. His book answers the questions about affordability and the mind shift needed for a life outside the USA, and the sacrifices (really just tradeoff’s, good/bad) we’d need to make if we chose to live in Panama. I don’t think there’s anything he missed in his book! From obtaining a Visa, to moving with a pet, to finding the best for an Expat place to fit in and live in Panama. It’s a big book but a fast read. I couldn’t put it down. A must read if retirement in Central America is on your mind.” Margie Casey

“I have to say that what and how you laid out the details is outstanding. You covered the reality of pros and cons. It is by far the best book out there for folks that want to relocate to Panama. We will arrive in April and rent for a year or so.” John & Susan Pazera

018THE NEW ESCAPE TO PARADISE is an updating of one of the best books about moving to and living in Panama. Detrich has lived in Panama for a decade and he still thinks of it as paradise. The New Escape to Paradise is a pragmatic and thought-provoking guide if you seriously contemplate moving to a new land. After researching living in Central and South American for more than fifteen years, including some tourist visits, I thought that I knew a great deal of things. As it turns out, my impressions were superficial. If you have plans to live in Panama you certainly should be prepared with this book!” James Fletcher

“This is a comprehensive, boots on the ground book about what it is like to live in Panama. The only way to learn more is to come here and stay awhile. I can’t think of anything Richard didn’t cover.” Judy Sacco

“A must read: great book, especially helpful if you are considering moving or retiring to Panama. I loved all the insight to their experiences and can’t wait to experience the country myself.” Joan Egizili

“I gave this book 5 stars because it answers all the questions about living and retiring in Panama with the pros and cons.” Gillberto Smith

“Excellent. An outstanding, insightful book about the author’s experiences in Panama. It is a very sobering look at his and his family’s experiences, both the good and the not so good. The reader can tell they’ve landed in their paradise. My wife and I are considering relocating to Panama and we’re using Richards book as one of our primary sources of information for an anticipated visit to the country next year. Because Richard does not sugar coat life in Panama, rather he tells it like it is, we feel like we have a more realistic expectation of what life is like in Panama. He most definitely has us studying up on the many aspects to be considered.” Daniel Bridges

“Richard really knows what he’s talking about. Down to earth, no sugar coating. The book lays out both the good and not so good of living in Panama. I highly recommend it.” Steve McVicar

“You provide a lot of useful information. Overall it led me to decide against Panama, except maybe as a tourist for a month or two. Too bad! I had high hopes.” Ida Freer

THE NEW ESCAPE TO PARADISE is a must read for anyone thinking/dreaming about retiring to Panama. We’ve been researching for two years and will be retiring to Panama in six months. The information in this book is highly informative, current, and down to earth. Richard tells it like it is about Panama and retirement in Panama, and, I enjoyed reading about his life and his family.” Allison Guinn

“Part philosopher, part psychologist, part historian, part travel guide, and part economist, all describe Richard Detrich as he weaves his tale of life in Panama. He tells it ‘like it is’ without the hype. THE NEW ESCAPE TO PARADISE is a must read for anyone who is considering relocating to another country whether it’s Panama or somewhere else. Interactive exercises will give you insight into what you want out of your life and your next adventure.” Kristin Stillman
“Extremely helpful. No bunnies and rainbows here, both sides of the coin are exposed. Like any country, Panama has it’s issues and beauty and Richard gives insight to the reader/expat on both so we don’t arrive and end up shocked to find bugs in our paradise. Good job.” Dorothy

“What a wealth of information. This is the perfect book to read if you are considering a move to Panama or just want to know all about Panama from an insider. After living in Panama for just a few months, this book addressed aspects of life here that I am experiencing or will experience as times goes on, giving me insight as to what to expect. For my friends who live in Panama vicariously through me, I have highly recommended they read this book.” Lorelei

“This book has everything and more than original book had. It is so current, that you will think you are reading the morning newspaper. If you have the original book, now is the time to upgrade. The book itself is also much improved over the original book with very few typos left for us nitpickers to pounce upon. Once you start reading this book, it is extremely hard to put down until you have finished it. If the book wasn’t so entertaining to read, I would say that it should be considered as the text book for Relocating to Panama 101. Panama is not for everyone, this book may save you thousands and thousands of dollars down the road. Get it! Read it!” Larry H

“Besides almost living in Panama for ten years, building a home in Panama and owning a business in Panama, Richard has traveled extensively lecturing about Panama on cruise ships. His second book, an updated version of the original, has more insight into the good, bad and sometimes even ugly about expats living and retiring in Panama as well as wonderful stories about his life along the way. I thoroughly enjoyed this book and found it very useful in regards to my future retirement to Panama. Highly informative, entertaining and a great read!” Allison W. Gunn“Thinking of moving to Panama? Read this book first! It could save you a lot of time, money, trouble, and worry. Not only is the book entertaining, it’s full of really important information for people considering making a move of this magnitude.” E. Bolton

Mr and Mrs Claus Come To Visit“He’s amusing and informative. He doesn’t write seriously, yet covers all necessary ground to give us an accurate picture of life in Panama without blinders. All pertinent questions are covered informatively and accurately, giving you a clear understanding of the reality you would experience.I strongly recommend The NEW ESCAPE TP PARADISE. It’s a great read!” Doug Tyler