Vacation Rentals in Boquete, Panama — Are You Dreaming of the Perfect Vacation?

Itching to go on the vacation of a lifetime? You don’t have to go to crowded cities teeming with tourist traps. Why not try to go to Boquete in Panama? It’s so much more peaceful, less crowded, and gorgeous. And the best thing is there are numerous vacation rentals in Boquete, Panama; you can book for your dream holiday. They are so much better than hotels in many ways.

Vacation rentals in Boquete, Panama — Your home away from home

Panama is best known for the Panama Canal, a central commercial hub that connects three majestic bodies of water: the Atlantic, Pacific, and the Caribbean Sea. But don’t be fooled. That’s not all Panama has to offer. The country is also known for multiple natural wonders, including Boquete’s Lost Waterfalls and the Quetzales Trail.

And although there are hotels in Boquete, it’s often better to book an apartment or condominium instead. Vacation rentals in Boquete, Panama offer the following benefits:

·        Feel like a local

Nothing screams ‘tourist’ more than staying in a generic chain hotel. If you want to experience Panama like a local, it’s best to stay in a rental property. Vacation condos are closer to the ‘real’ parts of town, perfect if you want to visit the local market or enjoy a cup at a hidden coffee shop!

·        Save money

Renting a condo is often much cheaper, than booking a hotel room especially if staying for a week or more. You will save a lot of money by staying in a fully furnished property. For instance, you don’t have to rely on takeout food all the time because the apartment will have a kitchen where you can whip up easy and healthy meals. You also don’t have to pay laundry fees if the condo has a washer and dryer. A vacation rental home has everything you need, from cooking appliances to entertainment systems, serving as your home away from home.

2022 Panama Real Estate Trends

Are you planning to invest in Panama real estate? It’s one of the fastest-growing markets right now, so it’s even more important to be prudent. Before you go search for properties, here are some of the things you must know about the current state of the Panama real estate market.

Like most countries, Panama experienced a slight setback during the peak of the COVID-19 pandemic. Businesses shut down, people became unemployed, and the economy suffered. But luckily, things are slowly going back to normal.

For instance, the country’s real estate industry is on the rise, affected by numerous trends and opportunities:

·                             A profitable alternative

Panama is a popular destination for immigrants and retirees, especially from the United States. As a result, the market has grown exponentially and is expected to boost only in the coming years.

·                            Rental rebound

The pandemic has led to an alarming vacancy rate in rental properties. But by 2021, this number slowly decreased, bringing occupancy rates to over 95%. This is forecasted to increase further as apartments attract more potential investors.

·                          The rise of cryptocurrency

Cryptocurrency is no longer restricted to the depths of the internet. Even property buyers have started accepting payments in Bitcoin. As more people invest in crypto, you can expect it to become an integral part of Panama’s future real estate market.

As you can see, investing in Panama’s properties can still be profitable in 2022. However, you’ll also need to consider other factors, including:

·                           Location

Panama is a huger country than you might think. To ensure profitability consider a property’s proximity to amenities, green space, transportation, and medical services.

In Panama, you can look at properties located in Panama City, Bocas del Toro, and Pedasi!

·                           Investment purpose

Why are you investing in Panama real estate in the first place? Your investment purpose can ultimately affect the property’s profitability, so make sure you plan accordingly. Talk to a realtor to explore your options.