Is Panama The New America



Panama fun facts.
1 - Panama has NO hurricanes
2 - Panama has a thriving Metropolitan city in Panama City
3 - Panama has secure banking institutions
4 - Panama has a climate for everyone, city, beaches, mountains
5 - Panama uses the US Dollar as its currency
6 - Panama is a short flight from many major cities in the USA
7 - Panama has many English speaking folks, Spanish is the main language
8 - Panama welcomes foreigners to live and work.

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Sunday, May 15, 2011

Panama Man talks Coronado part II

Hello again, Panama Man as promised wanted to finish our series on Coronado. Coronado is located in what's known as the Arco Seco, or dry arch. This region is known for its lack of rainfall. Whereas Panama's "wettest" areas (mostly on the Caribbean coast) can receive up to 129 inches of rain a year, the Arco Seco gets less than half that, typically a maximum of about 69 inches.
So why would so many expats choose the Pacific over the turquoise waters of the Caribbean? Rainfall has a lot to do with it. Even during the rainy season (typically April through December), rainy days in Coronado tend to consist of only an hour or two of rain. Most days, you see the sun. That's a powerful plus.
In the Coronado area it is simply impossible to be friendless or bored.
The community here used to consist solely of wealthy Panamanians. But after the late 1990s, that began to change.  Property values increased and that drew foreign and local investment. Expats began to move to Coronado, and a trickle became a steady stream.
Today, Coronado is filled with a fun, interesting mix of Panamanians and expats...part-timers and weekenders and full-timers, too. The town is growing, with a new shopping plaza and hospital bumping up the "wow factor" in a big way. With growth has come an increasingly active community that calls itself Expats West. There are schools and classes and charity drives. New restaurants and cafes provide a good variety.
Though property prices right in Coronado town have risen, this beach community still offers the best value Panama's Pacific Coast has to offer. And though it can be tough to find a home for under $200,000 right in Coronado, growing pueblos 10 to 20 minutes away offer bargain beach property in close proximity. So there truly is something for everyone here.  If interested in exploring more Panama Real Estate in the Coronado or any other area of Panama please visit the best Realtors in the country, Re/Max Beaches and City (www.beachesandcity.com) and send Janet or Richard a message and they will surly help you find what you are looking for.

For today
Panama Man

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