Panama Area Guide
We have compiled the following information to help you learn more about the popular areas to live in Panama. Moving to this tropical country is still a new idea for many and finding useful information can still be difficult. We hope we can help in your journey
Popular Areas In Panama
Pedasi
Pedasi is still and up and coming area with lots of opportunities to get in on the ground floor of projects, new gated communities, houses and land near the famous beaches or live in the friendly and safe town. With a thriving expat community of retirees, families and entrepreneurs many people from all over the world now call this Pacific beach community home
Pedasi can be divided in to the following 4 main areas with other smaller areas between
Panama City
Panama City offers a unique mix of modern city living, waterfront neighborhoods, historic districts and luxury residential communities. As Panama’s financial and business center, the city attracts professionals, retirees, investors and families from around the world. Buyers can choose from high-rise apartments with ocean and city views, exclusive gated communities, historic properties, new developments and investment opportunities in rapidly growing neighborhoods.
With world-class shopping, restaurants, hospitals, international schools and easy access to Tocumen International Airport, Panama City offers one of the most convenient and cosmopolitan lifestyles in Central America.
Panama City can be divided into the following four main areas, with many smaller neighborhoods and communities located between them:
Bocas Del Toro
Bocas del Toro offers a relaxed Caribbean lifestyle surrounded by tropical islands, turquoise water, beaches and lush rainforest. Popular with expats, retirees, investors and travelers from around the world, the area offers everything from beachfront homes and island properties to development land, eco-lodges and investment opportunities connected to the growing tourism market.
With a laid-back atmosphere, strong international community and easy access to boating, surfing, fishing, diving and island hopping, Bocas del Toro is ideal for buyers looking for a more tropical and adventurous lifestyle while still having access to restaurants, shops, healthcare and regional air connections.
Boquete
Boquete is one of Panama’s best-known mountain communities, offering a cooler climate, beautiful scenery and a relaxed lifestyle surrounded by coffee farms, rivers and green mountain landscapes. Popular with retirees, expats, families and investors, the area offers a wide range of real estate including modern homes, gated communities, condos, mountain estates, development land and properties with spectacular valley and mountain views.
With a strong international community, excellent restaurants, outdoor activities and easy access to David for shopping, healthcare and transportation, Boquete is ideal for buyers looking for a peaceful lifestyle while still enjoying modern conveniences.
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Rural Chiriqui
Coronado Area
The Coronado, Chame and San Carlos area is one of Panama’s most established and popular Pacific beach regions, offering a wide range of coastal lifestyles and real estate opportunities. From beachfront condos and gated communities to golf properties, family homes, development land and quieter residential areas, buyers can choose from both well-established communities and newer projects throughout the region.
Popular with retirees, expats, families, investors and weekend residents from Panama City, the area offers an excellent balance of beach living and modern conveniences. Coronado provides major supermarkets, restaurants, medical facilities, schools and shopping, while Chame and San Carlos offer a more relaxed atmosphere with access to beaches, mountain communities and growing residential developments.
With convenient access to the Pan-American Highway and relatively easy travel to Panama City, the Coronado, Chame and San Carlos region is a strong choice for buyers looking for full-time living, a vacation property or long-term investment opportunities along Panama’s Pacific coast.
The region can be divided into the following four main areas, with many smaller communities and developments located between them:
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Chame
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Rio Hato
Thinking about relocating to Panama? We’re here to make your move smooth and stress-free. From finding the perfect home to securing your residency visa, we guide you every step of the way. Discover a vibrant lifestyle, lower costs, and tropical beauty—with expert support tailored to your relocation and legal needs.
Panama gives you warm weather twelve months a year, a coastline most people never get around to exploring, a culture that has room for you in it, and a cost of living that makes a Canadian budget go further than it does at home. Whether you want a winter escape, an investment that earns, or somewhere to retire without the shovelling, it works.
anama is warm twelve months a year, runs on the US dollar, sits three hours from Miami, and keeps the same clock as the East Coast all year. Americans have been buying here for decades, and the practical friction is lower than almost anywhere else you could move to.
Panama is warm twelve months a year, safe, dollarised, and considerably cheaper than the Costa del Sol or the Algarve for what you get. It has no foreign ownership restrictions, no second-home penalties, and a proper double taxation treaty with the UK — which more than one popular British retirement destination still lacks.
One of Panama’s great advantages is that buyers can choose from a wide range of lifestyles without feeling completely disconnected from the country’s capital.
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Pedasí offers peaceful Pacific beach expanding air-access possibilities.
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Boquete practical access through David.
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Bocas del Toro the convenience of a short direct flight.
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Chitré, David, Coronado, and Chame serve as important regional points
Panama offers low property taxes, generous exemptions for primary residences and new builds, and simple payment rules—making it a tax-friendly destination for real estate investors.
Panama remains one of the most flexible and investor-friendly countries in Latin America for foreigners seeking residency. In September 2026, however, the rules changed significantly. Executive Decree No. 17 of September 8, 2026, published in the Official Gazette on September 16, 2026, replaced the previous Qualified Investor framework
Real Estate in Panama
Once you do your research and think you know where you might want to live we really recommend visiting there first and getting to know the area a bit. What is good for some is not so good for others and every area in Panama has something different and unique to offer.
Once you find your favorite area don't forget to contact us to look at buying a house and learning more about that part of Panama