Boquete is one of Panama’s most beautiful nature reserves and is commonly referred to the Land of Coffee and Flowers due to its fertility and greenery, which have attracted tourists from all over the world. This has resulted in Boquete’s growth as an emerging eco tourism industry, which has developed alongside with the expansion of the real estate sector and opportunities for property acquisition.
Boquete has several villages, some of which include Lino, Quiel, Bajo Mono, Los Naranjos and Bajo Boquete; each possessing its own natural beauty and characteristics. The Boquete district was established in 1911, with Lino being the main district at the time, which was later moved to Bajo Boquete. The three counties into which the Boquete district were divided included Caldera, Bajo Boquete and Palmira, with the counties of Alto Boquete, Jaramillo and Los Naranjos being created in 1998. Boquete’s friendly tropical climate and lush vegetation have made it just right for expats who wish to retire or build private tropical homes in a tranquil and peaceful place. Many hotels, condominiums and inns have been built in these areas as a result of increased tourism activity in these areas, while organised trips to the various hot springs, coffee farms, native Indian trails and hikes to the Baru Volcano mountain ranges have created several opportunities for investment and income earning.
However, coffee farming remains one of the main economic activities in Boquete and has been an important tradition among the native Guaymi or Nygobe Indians, who can be seen dressed with brightly colored traditional wear during the harvest season. Boquete’s coffee has received worldwide recognition by expert coffee growers. In particular, “Hacienda La Esmeralda” of the Jaramillo region is the winner of 3 consecutive Roasters Guild Cupping Pavilion Awards given by the “Special Coffee Association of America” (SCAA) for having produced the world’s best specialty coffee and highest level of coffee supremacy.
The prices on the Boquete real estate market are very attractive and vary accordingly depending on the size of the properties for sale, distance from the main commercial area, availability of public utilities such as electrical poles and water and landscape features. Boquete’s natural features allow for a variety of panoramic views of the Baru Volcano, coastlines and offshore islands, flower valleys and the town. All of these areas offer extraordinary views and absolute peace. All real estate services are provided by licensed Panamanian corporations and are legally protected at absolutely no extra costs to potential buyers.
Boquete has enormous amounts of unoccupied lands that can be easily developed and transformed into the perfect private getaway. Acquiring real estate in Boquete offers a wonderful opportunity for building a vacation or retirement home, investing in the tourism industry through the construction of nature resorts, guest houses and cottages or offering regular adventure tours and hikes for visitors.
Boquete features a number of condominiums, villas and studios, which are available for both purchase and renting purposes. Some of these structures are built with modern architectural designs while others generally tend to be colonial style buildings that offer beautiful views of the Jaramillo Mountains. Most of the condos in Boquete are built by professional engineers and are designed to take full advantage of the surrounding beautiful landscape and fresh breezes while capturing natural light. Some of Boquete’s luxury condos include amenities such as built-in fire places, solid wooden doors, walk-in pantries, large covered patios and balconies, large fully equipped kitchens, sheltered car parks and laundry rooms. Other essential amenities that come along with developed real estate properties include water, electricity, DSL internet access, mobile phone services and DirectTV.
Visiting Boquete is easy and facilitated by regular 50 minute daily morning and afternoon flights from Patilla, Panama City into David. Traveling from David to Boquete may be done by regular bus, which takes about six and a half hours or express bus, for one hour less. Many persons also fly in to Boquete via Costa Rica. Boquete is about 480 Km from Panama City and 40 Km away from David, that is, half an hour by car.
The Panama Real Estate Laws Law 54 established on July 22, 1998 allow for foreign businesses and investors to enjoy equal rights and obligations as national investors, and have no additional restrictions except for those set out in the Political Constitution and the law. Foreign investors are also subject to the same copyright, property and trademark rights as Panamanians.