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News
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Volume
16,
Number 11 |
Also
in this section: A
lot of articles from other publications and general commentary by
various people about different aspects of life in Panama --- and
freewheeling discussions about them --- can be found on our constantly
updated Facebook page
![]() A humpback whale cavorting in the Gulf of Chiriqui. Photo by Amble. For a larger version click here A
special niche in a tough market
The real estate bubble burst
some time ago, even if a lot of properties haven't come down in price
as quickly and as much as people used to other markets might expect.
But still, there are foreigners coming here to live, for various reasons. Most are looking for a warm and pleasant place to retire, others are fleeing from various places for their various reasons, and many just want to have fun. It turns out that while the possibility of a quick and handsome profit from a condo flip no longer sells much real estate here, proximity to the fun is one of the things that still does sell. All kinds of people have all sorts of different ideas about what's fun. For those who go for the urban entertainment scenes, there is and will be for a long time a glut on the market. For those attracted to nature, Panama offers a lot of choices, but a lot of these are about the wanton destruction of nature by developers who don't get it, and some niches are better than others. There are some places in Panama, however, where creatures bigger than ourselves come to visit for several months every year, and for many people, these are the fun attractions. The Gulf of Chiriqui, for example, is calving waters for humpback whales and thus a mecca of sorts for whale watchers. A house overlooking the waters where whales play is set in a special niche unlike most of the other houses that people are trying to sell. At least, that's the bet that the promoters of Isla Palenque and other real estate on the Gulf of Chiriqui are making. We have many species of whales and dolphins that inhabit Panamanian waters for part or all of each year, including the huge blue whales that migrate by the Perlas Archipelago. Recently there was a report about a pod of orcas off of Colon province, and if it was accurate it may say something about how climate change is affecting whale migrations. But regardless of unpredictable changes, the presence of whales and dolphins in the oceans off of Panama is predictable enough that it supports a small but thriving ecotourist industry, and makes a home from whence one might watch the whales with a pair of binoculars from the comfort of a shady balcony a piece of prime real estate. Also
in this section: News
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2010 by Eric
Jackson All
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