Luxury living in Panama means a lot of things. For expats from the United States and Canada, accessing a luxurious lifestyle is more attainable than it would be in their home countries. The Panamanian dollar goes much farther than dollars in the US and Canada. Panama is also a tax haven, so far less of your hard-earned money goes to the government, and far more stays in your pocket to spend how you please. Life in Panama is just better. But how have expats living in Panama redefined luxury?

An Expats Haven

Panama has become one of the best choices for expats seeking affordable luxury. It offers stunning natural beauty and nearly perfect weather. It boasts many economic advantages that few countries in Central America or South America can match. This makes it an ideal location for living a luxurious lifestyle.

A Case In Point

Chris Igoe is a Realtor® from South Florida with a YouTube channel, and he interviewed Melissa Darney, an expat who first visited Panama in 2010 and moved there in 2012. She owns a real estate and relocation company and wrote an ebook called Panama Uncorked (she’s a big wine-lover), pointing out that good cuisine and good wine are easy to find in Panama. She points out that Panama is enticing as a place for great investment opportunities or even as a “plan B” due to the low cost of living that affords more easily attainable luxurious lifestyles. Show points out that she lives in a luxury building, but the HOA fees only total $250 per month, a fraction of what they would cost stateside.

Everything One Could Ask For – Life in Panama

Darney went on to discuss how shopping is easy. There are many luxury brands, such as Chanel and Louis Vuitton, and many great restaurants rival the quality of restaurants in New York City. When she arrived ten years ago, that wasn’t necessarily the case. But today, an American could relocate to Panama and not feel much of a difference from living in the United States, other than the fact that it’s so inexpensive and luxury is so much easier to attain.

Life In Panama Equals Cultural Diversity

Cultural diversity means great food! Another way expats are redefining luxury in Panama is through diversity. People from various walks of life and different ethnic backgrounds found success in Panama. That economic diversity has also made it to locals, and many people who live in luxury communities are native Panamanians and expats. This type of purposeful luxury is also more inclusive. The redefinition of luxury in Panama means a rising tide lifts all boats.

Panama has also prioritized eco-friendly luxury that brings more sustainability and more value to Panama’s lifestyle. Many younger professionals from Gen-Y and Gen-Z demand more eco-friendly options, and Panama is delivering them again in a way that redefines luxury.

Does Living in Panama Sound Interesting?

If you’re considering a relocation, why not consider Panama? So many others have found exactly what they were looking for in this tropical paradise. If we can help make your dreams come true, please don’t hesitate to contact us. We’ve been working with expats for years. And we can help you, too. Innovators in Panama find success and a magnificent lifestyle to go with it.