Panama Looks to Increase Business Ties with Spain

Although there are some 300 Spanish businesses currently operating in Panama, the Spanish Federation of Business Organizations would like to see that number increase even more.  The CEOE recognizes that, while Panama receives nearly half of Spain’s foreign direct investment in Latin America, there is much room to grow with investments in tourism topping their list.  Panama’s economy, once the envy of the region, slowed 15% again in 2016 to 4.9% GDP.  Hopefully this new agreement will lead to some interesting and beneficial investments not just in Panama City, but Chiriqui and Boquete as well.

The full article can be read here:

Category : Panama

All The COFFEE In China…Is Not Very Much

Finland tops the world in coffee consumption at 1,459 cups annually per capita. The US 400. China 5…5! Imagine the possibilities with 1.3B population.

Read more here

Category : Boquete &Panama

Panama Bucks Central America/South America Lodging Trend

Nearly all other countries had negative either occupancy or RevPAR, or both.

Occupancy: +9.1% to 58.7%

ADR: -6.6% to PAB96.70

RevPAR: +1.9% to PAB56.72

In March, Panama recorded a 28.4% year-over-year increase in occupancy to 66.3%, marking the country’s highest actual occupancy level for the month since 2012. Panama City’s occupancy increased 107.2% on Wednesday 22 March, when the city hosted the CABSEC defense conference and Expocomer 2017 international trade exhibition.

Category : Panama

Panama City – Most Expensive City in Central America

The website Numbeo recently compiled it’s list of the world’s most expensive cities for 2017.  It was shocking to see that 7 of the world’s 10 most expensive cities were in the same country:  Switzerland.  As a former Manhattan resident, I also found it interesting that Brooklyn had a higher cost of living than Manhattan.  My how things have changed since I left the Big Apple for Boquete in 2006.

And, while Panama City, Panama ranked towards the middle of the pack (294/511), it was listed as the most expensive city in Central America – more expensive than San Antonio, TX, Reno, NV and Buenos Aires, Argentina.

The complete list can be found by clicking here:

Category : Panama

Panama Canal Expansion Celebrates First Anniversary

It has been one year since 25,000 Panamanians lined the banks of the canal to celebrate the long anticipated opening of the new Panama Canal.  Were expectations met?  Were the billions of dollars borrowed by the Panamanian government worth it?  Below is an interesting article answering those questions and more from the Miami Herald:


Panama Canal Expansion

Category : Panama

Not a fan of selfie-sticks? You might want to leave Panama.

Thousands of selfie-stick toting tourists might soon be invading Panama as Varela’s recently decided to reopen biliateral relations with mainland China.  This will make it easier for tourists from the country to travel to Panama with some even predicting a direct flight in the future.  Chinese fast growing middle class creates an opportunity for tour operators in both countries to capitalize on this new and growing market.  As a tourist business owner, I certainly welcome new travelers to Panama.  But after having nearly lost an eye while visiting the Louvre last year by an old Chinese lady snapping selfies in front of the Mona Lisa, I hope they leave their self-sticks in China!


Panama Braces for Chinese Tourist Wave

Category : Panama

Down The Public Debt Rabbit Hole

The rabbit-hole went straight on like a tunnel for some way, and then dipped suddenly down, so suddenly that Alice had not a moment to think about stopping herself before she found herself falling down a very deep well.”–Alice’s Adventures In Wonderland 

It should be noted that Alice didn’t fall down the rabbit hole, she was lured by the rabbit. So it is today with nations: lured down the seemingly bottomless hole of public debt, lured by the fantasy of faulty, fictitious multipliers.

Public debt equals 325% of GDP–Daniel Lecalle

So how far down the hole is Panama? Relatively speaking not too far, 39.2%, but the trend is threatening: up 3 whole per cent since 2013, and predicted to rise to 41.69% in 2020. Panama citizens/taxpayers should be concerned.

Category : Panama

Good News: Coffee Demand To Double By 2050. Bad News: Higher Temperatures Mean Less Supply, Lower Quality

This comes as no surprise to me, as Boquete has seen a recent influx in large scale coffee buyers from the world’s most populous country, China.  Specialty coffee has been popular in the United States, Europe and Australia for decades, but growing popularity in China and other parts of Asia have led to an increase in world wide demand for the commodity.  Couple that with “climate change” and prices are surely to rise.
An interesting article on the subject from

Climate change and coffee

Category : Boquete &Panama

S&P Raises Panama’s Risk Outlook

Standard and Poor’s Global Ratings recently gave Panama a thumbs-up to its banking industry.  Panama’s risk outlook  was upgraded to stable by the ratings giant according to The Ministry of Economy and Finance (MEF).

S&P says the outlook for continued steady growth in the Panamanian economy have will have positive effects in the banking system.  Standard & Poor’s upgrade is based on Panama continuing to strengthen the regulatory framework and is contingent on the implementation of Basel III capital adequacy standards, liquidity and increasing standards for the prevention of money laundering.


Category : Blog &Panama

Coffee From Volcan to be Sold at Starbucks


Late last year the Seattle-based coffee giant signed an agreement with the Carmen Estate coffee farm in Volcan to push Starbucks newest addition to it’s Reserve Coffee line. Starbaucks is considering offering this new coffee, called Panama Paso Ancho at most of it’s most popular locations in the U.S. and internationally.

Carmen Estate has been producing excellent highland coffee for half a decade. Carlos Aguilera Franceschi is the current owner of the farm which was set up in 1960. Carmen Estate produces 72,000kg of unique quality green coffee beans per year.

The Carmen Estate coffee farm is located in the Paso Ancho section of Volcan at an altitude of over 5,000 feet above sea level. The chilly nights and dry, sunny days combine to form optimal growing conditions. Moreover, the rich volcanic black soil is perfect for the cultivation of high-quality coffee.

Category : Panama

About Us

BoqueteForSale is a fully licensed real estate agency located in downtown Boquete. We operate from the premise of finding our clients the best possible properties in Boquete and then negotiating hard on their behalf. Put our contacts and experience to work for you.


I have known John for over 5 years now and, aside from being excellent golfers, they are dear friends. If I ever decide to sell my house, they will be my only call. - John H.

My family and I traveled to Panama in July looking for a luxury home. We fell in love with Boquete instantly. Through their personal contacts, John was able to show us 4 amazing homes that were not listed anywhere else in Panama. See you next month! - Beth K.

My partners and I purchased a large cattle farm through BoqueteForSale earlier this year. They neogotiated hard on our behalf and we came away with what we believe to be the best investment opportunity in Panama.

- Liam R.

My husband and I purchased a villa in Valle Escondido in August. We were ready to accept the seller's counter-offer, but John insisted that we continue negotiating. We are glad we did because we saved $18,000. Thanks! - Jayne B.

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