Consider Panama City as a retirement destination if you want the benefits of luxury city living at reduced prices. Believe me, you will not be alone. Panama City has become a favorite of expats and retirees who enjoy the arts, fine dining, shopping and modern conveniences in an exotic and affordable locale.

With a population of almost 1 million, and status as an international banking center and commerce hub, Panama is more modern than you might imagine. The skyline boasts numerous highrises and even more are being developed. In fact, Panama City ranks 45th in the world for highrises. Many of these are state-of-the-art luxury condo projects with stunning designs and high-tech features. And the prices are reasonable.

If these luxury units don’t appeal to you or are just too expensive, there are many good deals in the resale market in neighborhoods like San Francisco, Betania and Albrook.

Also, the buying process in Panama is pretty straight-forward if you hire a good professional. The laws for foreigners are the same as for locals, which makes everything a bit easier.
Other reasons that you may want to retire in Panama City include:

• Excellent, trendy restaurants
• Cinemas, many in English
• Theaters
• A great retiree program
• Low cost of living
• Excellent medical and health facilities and services
• Affordable Health insurance
• Busy international airport (Tocumen)
• Charming Old Quarter, a UNESCO World Heritage Site

The benefits of retiring in Panama are widely recognized and it’s capital, Panama City, is no exception. It is ideal for those who want to retire abroad without giving up the convenience of big city living. It is also one of our favorite retirement choices!