“As over 76 million U.S. baby boomers prepare for retirement, Latin American countries are poised to experience increasing numbers of foreign leisure and retirement migrants.”
“An increasing number of citizens from the United States and Europe are choosing to spend their retirement years in less-expensive tropical countries in Latin America.” from a 2009 thesis http://etd.ohiolink.edu/send-pdf.cgi/Myers%20Erik%20S.pdf?ohiou1245254852
Flying directly and cheaply to a destination can make living there much more attractive. Panama City has direct flights to and from the US making it quick and easy to get to. David doesn’t. Getting to Boquete or David takes some planning; making plane or bus connections and often hotel reservations.
When David gets direct flights to and from the United States it will make getting to David MUCH easier.
David’s airport (Aeropuerto Internacional Enrique Malek) has expanded to accommodate 727 jets. No airlines have yet committed to fly from the US to David BUT you can bet that one or two will have flights when the demand is sufficient. A three-hour flight from Miami or Houston would make a discovery or vacation trip to David cheaper and quicker than it now is.
Boquete is the darling of the press, it’s cool and gorgeous. It has caught the attention of many retirees looking for alternatives to their current situations. However, many boomers may also want to look at other warmer, dryer, and more affordable options in the Chiriqui area.
There are some very nice homes in David. We live in the north side of town so I’m most familiar with this area. In this area there are affordable rentals, homes, and lots for sale. Also, there are large tracts of undeveloped land that look perfect for a developer to make a community similar to ones I’ve seen in Central Florida. If homes were designed with the US retiree in mind and priced right, the race could be on. I don’t think this will happen until there are direct flights into David.
David is growing steadily, and at what looks like a pretty fast clip to me.
But WHEN there are direct flights to David, I believe the flood gates will open.
How far down the road all this may happen is beyond my ability to predict, but it feels like it is inevitable, and coming sooner rather than later.
Get ready, David, you’re in the path of progress.