Moving to Coronado, Panama
Last updated on May 28, 2024
Summary: Expatriates move to Coronado, Panama for its beautiful beaches, lush tropical rainforest, and year-round warm climate. The area is also known for its low cost of living, excellent healthcare, and friendly locals. Coronado is a great place for retirees, as it offers a relaxed lifestyle and plenty of activities to keep them busy. Additionally, the area is close to Panama City, making it easy to access the city's many attractions.
What do I need to know before moving to Coronado?
When we asked people what advice they would give someone preparing to move to Coronado, they said:
"Before moving to Coronado, expats should be aware that it is a popular beach town destination known for its expat community, which means that while Spanish is the official language, English is commonly spoken, especially in service and business interactions. The cost of living can be higher compared to other parts of Panama due to its popularity among retirees and vacationers. Expats should also be prepared for a tropical climate with a distinct wet and dry season. Healthcare services are available in Coronado, with clinics and pharmacies, but for more specialized care, one might need to travel to Panama City. The real estate market offers a range of options from condos to beach houses, and it's advisable to rent before buying to ensure the area suits your lifestyle. The town has a laid-back atmosphere with a focus on outdoor activities such as golf, surfing, and beach-going. It's important to understand the legal requirements for residency, which may involve obtaining a visa or participating in Panama's pensionado program if you are a retiree. Banking and finance should be arranged in advance, as you may need a local bank account for day-to-day transactions. Internet and utilities are generally reliable, but service interruptions can occur, especially during the rainy season. Lastly, integrating into the local culture and community will enhance your experience, so be open to participating in local events and customs," said one expat in Coronado.
How do I find a place to live in Coronado?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Coronado, involves several steps. Here's a specific guide to help you in your search: 1. Determine your needs: Before you start looking, decide on the type of property you want, your budget, and your preferred location within Coronado. Consider whether you want a house, condo, or apartment, and think about amenities like a pool, security, or proximity to the beach. 2. Online research: Use real estate websites that list properties in Panama, such as Encuentra24, Compreoalquile, and Panama Realtor. These platforms allow you to filter searches by location, price, and property type. Additionally, join expat forums and Facebook groups like "Expats in Coronado Panama," where members often share rental listings and advice. 3. Contact local real estate agents: Reach out to real estate agencies that specialize in the Coronado area. Agents can provide valuable insights into the local market and may have access to listings that are not advertised online. 4. Visit the area: If possible, take a trip to Coronado to get a feel for the different neighborhoods and see properties in person. Walking around the area and talking to locals can also lead to rental opportunities that aren't widely advertised. 5. Check local bulletin boards: Visit community centers, grocery stores, and cafes in Coronado to look for rental listings on bulletin boards. Sometimes landlords and property managers will post notices in these locations to attract potential tenants. 6. Network: Let people know you're looking for a place to live. Talk to expats, locals, and business owners in the area. Word-of-mouth can be a powerful tool in finding a rental that may not be listed online. 7. Review and negotiate: Once you've found a potential home, carefully review the lease agreement. Understand the terms, including the length of the lease, the deposit required, and any other conditions. Don't hesitate to negotiate terms or price if appropriate. 8. Legal considerations: It's advisable to consult with a local attorney who specializes in real estate transactions to ensure that your rental agreement complies with Panamanian law and that your interests are protected. By following these steps, you should be able to find a suitable place to live in Coronado, Panama. Remember that patience and due diligence are key in finding the right home abroad," commented one expat who made the move to Coronado.
What is a typical expat home or apartment like in Coronado?
"A typical expat home or apartment in Coronado, often reflects a blend of modern amenities and tropical living. Many homes are designed to take advantage of the natural beauty, with large windows and outdoor spaces such as balconies or patios that offer views of the surrounding landscape or the Pacific Ocean. The interiors are usually spacious with open-plan living areas, air conditioning, and contemporary furnishings. Kitchens might be equipped with modern appliances, and bedrooms are often designed for comfort with en-suite bathrooms. Security is a priority, so gated communities with 24-hour security are common, providing expats with peace of mind. Within these communities, residents have access to shared facilities like swimming pools, fitness centers, and social areas. Gardens are typically lush and well-maintained, reflecting the tropical environment, and some homes may have private pools. The architecture can vary from modern condos and high-rise apartments to single-family homes with a mix of Panamanian and international styles. Overall, expat housing in Coronado is designed for comfort, convenience, and a relaxed lifestyle, catering to those who seek a blend of local culture and familiar home comforts," commented one expat who made the move to Coronado.
What is the average cost of housing in Coronado?
If you are thinking about moving to Coronado, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Coronado, can vary widely depending on the type of property, its location, and its amenities. Generally, Coronado is known as a popular beach community with a mix of luxury homes, condos, and more modest dwellings. Prices for homes in this area tend to be higher than the national average due to its desirability among expatriates and retirees, as well as its developed infrastructure and proximity to Panama City. Condominiums might be more affordable than standalone homes, especially those with ocean views or beachfront access. Rentals can also be a popular option, with prices fluctuating based on size, location, and seasonality. It's important to note that real estate markets can change, so for the most current information, it would be best to consult real estate listings or contact local real estate agents in Coronado," said one expat in Coronado.
"Average home would probably go for 150K to 250K, depending on location and how modern it is. Depends on what you are looking for. Take the time to do your research with various real estate companies. You can pay beaucoup the bucks for waterfront mansions," remarked one expat who made the move to Coronado.
Should I buy or rent a home in Coronado?
If you have not spent a lot of time in Coronado, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Deciding whether to buy or rent a home in Coronado, depends on several factors, including your financial situation, lifestyle preferences, and long-term plans. If you're considering a purchase, owning a home in Coronado can be a good investment due to the area's popularity with expatriates and retirees, which may lead to property appreciation. Buying also gives you stability and the freedom to customize your property. On the other hand, renting can offer more flexibility, especially if you're not sure about settling in the area long-term or if you're still exploring different neighborhoods. It also allows you to avoid the responsibilities and costs associated with property ownership, such as maintenance, repairs, and property taxes. Consider the local real estate market, your residency status, and the potential for rental income if you decide to move in the future. It's also wise to consult with a local real estate expert to understand the nuances of the Coronado property market before making your decision," commented one expat who made the move to Coronado.
What should I pack when moving to Coronado?
We asked people living in Coronado to list three things they wish they had brought and three they wish they had left behind. They responded:
"When moving to Coronado, it's important to pack items suitable for a tropical climate, so include lightweight and breathable clothing such as shorts, t-shirts, and sandals. Don't forget swimwear for the beach and pool, as well as a few dressier outfits for dining out or attending social events. Sun protection is crucial, so pack sunscreen, sunglasses, and a wide-brimmed hat. Rain gear, like a waterproof jacket and umbrella, will come in handy during the rainy season. Bring your essential documents, including your passport, visa, and any other identification or paperwork required for your move. It's also wise to have a basic first aid kit and any prescription medications you need, as well as over-the-counter remedies for common ailments. Consider packing electronics like your smartphone, laptop, and chargers, along with a voltage converter or adapter if necessary. A good quality camera can help you capture your new surroundings. For your new home, you might want to bring some personal items to make it feel cozy, such as photos, small decorations, and perhaps a few kitchen essentials if you enjoy cooking and have specific preferences that might not be easily available locally. Lastly, learning Spanish can be beneficial in Panama, so bring language learning materials or dictionaries to help you communicate more effectively with the locals," remarked one expat in Coronado, Panama.
"Speak to your moving specialist as to what you can bring in a container, such things as liquids, cleaning supplies, alcohol, etc. are not allowed in a container. Furniture, electric and electronics are fine as long as you can prove that they are not new, clothing, etc. are fine," said one expat in Coronado.
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Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
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What cultural faux pas should I try to avoid making in Coronado?
We asked people in Coronado if they could share any humorous cultural blunders they commited. For new expats, keep in mind that these incidents are an inevitable part of expat life. Learning to laugh about them is the key!:
"When visiting Coronado, it's important to be mindful of local customs and etiquette to avoid making cultural faux pas. Here are some tips to help you navigate social situations: Dress appropriately: While Coronado is a beach town, it's still important to dress modestly when not on the beach. Avoid walking around in swimwear away from the beach or pool areas. Greet properly: Panamanians are generally warm and polite. A simple "hola" (hello) and a handshake or, in more informal settings, a cheek kiss (for women) are common greetings. Be punctual for formal occasions: Although there's a more relaxed attitude towards time in social settings (known as "la hora panameña"), you should still strive to be on time for formal appointments or business meetings. Respect the pace: Life in Coronado may be slower-paced than what you're used to. Be patient and avoid showing frustration or impatience with slower service. Learn some Spanish: While many people in Coronado may speak English, especially in tourist areas, it's respectful to attempt some basic Spanish phrases. Be polite and avoid confrontation: Panamanians value politeness. Avoid raising your voice or becoming confrontational, as this can be seen as disrespectful. Respect the environment: Keep beaches and public areas clean, and don't engage in activities that could harm the local flora and fauna. Tipping: Tipping is customary in Panama. In restaurants, a tip of 10% is appreciated if it's not already included in the bill. Understand bargaining: While bargaining may be acceptable in some markets, it's not as common in established stores or supermarkets. Be respectful if you choose to negotiate prices. Be mindful of local laws: Familiarize yourself with local laws and regulations to avoid inadvertently breaking them. By being respectful and considerate of local customs and social norms, you'll be more likely to have a positive experience in Coronado and avoid offending your hosts," replied a member in Coronado.
Why do people move to Coronado?
When we asked people why foreigners move to Coronado, they responded:
"Coronado is a popular destination for expats due to its stunning beaches, lush tropical forests, and year-round warm climate. The area is also known for its low cost of living, excellent healthcare system, and friendly locals. Additionally, Coronado is home to a variety of amenities, including shopping centers, restaurants, and entertainment venues. With its close proximity to Panama City, Coronado is an ideal location for those looking to experience the best of both worlds – the convenience of a big city and the tranquility of a beach town," said one expat living in Coronado, Panama.
Connect
Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
Click connect to have our partner contact you via e-mail and/or phone.
Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
How are healthcare services Coronado?
When we asked expats and global nomads about the quality of medical care in Coronado, they replied:
"Make sure you can fly back to the US for health care. You can not get health care in Panama unless you have cash. We were held at gunpoint in Panama till we came up with the CASH following my husband's surgery. Did not matter that we had retired military health insurance," commented one expat who moved to Coronado.
What are medical services in Coronado like?
When we asked expats and global nomads about the quality of medical care in Coronado, they replied:
"Coronado offers a wide range of medical services for its residents and visitors. The town has several private clinics and hospitals that provide quality medical care. These facilities offer a variety of services, including general practice, emergency care, and specialized treatments. Additionally, there are several pharmacies in the area that provide prescription medications and over-the-counter remedies. Coronado also has a number of medical professionals, such as doctors, nurses, and dentists, who are available to provide medical services," commented one expat who moved to Coronado.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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