Over the years, the district of Boquete in Chiriqui has positioned itself among the favorite sites for investment by the main developers nationwide, and is currently experiencing a real estate construction boom comparable to the years 2004, 2005 and 2006, this is confirmed by the authorities and the private sector.
Currently, a significant number of projects are being developed in the district that strengthen the residential-tourist infrastructure. These real estate investments contribute to local and international tourism, as well as general investment in Chiriqui province, which generates jobs before, during and after their construction.
A Promising Destination to Invest
In the dynamic world of real estate investment, Boquete emerges in 2024 as a particularly promising destination for those seeking substantial investment returns. This mountain town is rapidly gaining traction among North American and European expats and retirees, a trend that is increasing the demand for quality housing. This assures investors of healthy rental returns and a positive trajectory of property value appreciation. Even large real estate developers have started huge residential projects such as the famous “Pino Alto” project.
Short and Long Term Residence Rental is Good Business
The tourism sector in Boquete, driven by its lush landscapes and unique offerings such as coffee plantation tours and eco-adventures, opens lucrative avenues in short-term rental properties and vacation homes. Investors can take advantage of the increasing flow of tourists to secure higher rental rates and occupancy, particularly during peak seasons.
Associations with the Agricultural and Coffee Sector
An innovative aspect for potential investors is Boquete’s renowned coffee industry. By investing in agricultural land or forming partnerships with local coffee growers, investors can diversify their portfolios, taking advantage of the global increase in demand for specialty coffee. This approach not only promises financial returns, but also provides a sustainable and community-supportive investment angle.
Opportunities, Security and Growth
The projected growth in both the expatriate and tourist populations in Boquete strengthens the potential for escalating property values and a stable rental income, marking it as an attractive point for investors interested in a solid return on investment. This mix of opportunity, security and growth potential positions Boquete as a top choice for real estate investors in 2024.
