Panama Overtakes Costa Rica as Retirement Destination

The rise in prices in Costa Rica is encouraging foreigners looking to retire to increasingly turn their attention to Panama.
Source: Central America Data – Tuesday, January 21, 2014

The rising cost of real estate in Costa Rica is forcing foreigners to look at other countries in the region in their search for a place in Central America to use as a second home for retirement.

“Since 2000 expatriates have been looking for the ‘next Costa Rica’. To this effect, Nicaragua is sometimes referred to as an alternative to Costa Rica, but only for those who do not mind the uncertainty regarding the legal possession of property titles.

Panama has emerged in recent years as a clear competitor for Costa Rica, particularly in the housing market, where prices, although growing, are less than in the Costa Rican market. “

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