This contributes to the safety of Panama and continues to make it the Best Place to Retire.
A preliminary agreement on the bases was reached recently in New York between Panamanian President Ricardo Martinelli and US Secretary of State Hillary Clinton.

A final treaty is expected to be inked in the coming days, reported Panama’s La Prensa newspaper, according to Russia’s RIA Novosti.

“The US and Panama will sign before October 30 an agreement on the deployment of two naval bases on the pacific coast of our country to fight international drug-trafficking,” Minister of Government and Justice Jose Raul Mulino said Sunday.

“One of the bases will be located in Bahia Pina…450 kilometers [280 miles] east of the capital, Panama City, and another one – in Punta Coca about 350 km [217 miles] west of the capital,” Mulino added.

The US dismantled all its bases in Panama and withdrew its military forces from the country at the end of 1999 in accordance with the Panama Canal treaties.

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Boquete Panama, a unique community in the western highlands area of Chiriqui is 30 to 40 minute drive north from David Panama the capital of the Chiriqui Province. The Boquete climate is temperate and the population is a mixture of ethnic groups from all over the globe.

As the world economic melted down has been happening many are wondering how it is effecting Boquete Panama Real Estate market. Janeth Gomez-Suarez of Casa Solution is one of the most visible real estate brokerages in and around Boquete Panama.

Janeth says houses and properties are selling and even though the prices have fallen in the US and in Panama City to it is surprising to discover that Boquete Real Estate is alive and doing well. People are still arriving in Boquete to shop for houses. Most prices are still in the $200 to $300 thousand dollar range. Sellers are a becoming more open to entertaining an offer and some are accepting less than asking price. However, most vendors feel no pressure to sell just becauase  prices are not increasing. Boquete properties are not being offered or sold at fire-sale prices.

Also, there are many prospective buyers waiting to sell in the US so they can move. When the re-sale house markets in the US recover the Boquete Real Estate market is sure to boom.

The big question is ‘How Come?’ There are many buyers coming to Boquete who are not affected by the current politics or econmics.  People who are realists and some who are just looking to change their lives. The politically disaffected come in cycles as the politics in US changes. Many Boquete ex-pat residents left the US under George Bush and the new group equally dislike the new Obama administration.

More interesting are those baby boomers who now realize they have less. Lower equity in their homes, less money in retirement savings, but also less need to consume and a great desire for a chance at change in exchange for a simple lwo-cost lifestyle.

Boquete land and homes are certainly not the least expensive in Panama. The cultural and environmental aspects along with a new pro-investment government are becoming encouraging indicators of future growth. The crystal ball for Boquete seems pretty clear, growth is happening now, growth will continue and accelerate.

In July Business Week called Panama the “New Florida”, their reasoning is a mirror of mine and a harbinger of a bright future for Boquete Panama. Certainly still the one and still thought of by many as the Best Place to Retire.

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