Investment Characteristics
Strategic Location
Panama has a rising profile as an eco-tourist destination, and the epicenter of this activity is Boquete. Tourism has been growing in Boquete and so has the demand for recreational, beach areas in the Chiriqui province.
Of the beach areas available, there are none as close to Boquete with the beauty and diversity of Boca Chica and the Chiriqui Marine Park, which consists of 14,740 hectares of islands and sea.
The central location of Boca Quimera furnishes exceptional access to the beauties of the park and surrounding area.
Its protected location in the bay ensures guaranteed access that is not dependent on the weather or the seas, which can be a problem for destinations that are outside the bay.
The island can be quickly accessed from David or Boca Chica through protected routes.
Features the Developers Look For
Both the topography and geography of Boca Quimera lend themselves spectacularly to a range of building styles and demographic appeal. From a budget minded family to the owner of a mega yacht, the area is able to accommodate the range.
The island itself also offers many development options. Due to the low price and the fact that 95% of the island has ocean front or ocean views, everything from a single home to a full-scale development are available to the investor as possible exit strategies.
Since its an entire island, the investor will have the unique ability to define the islands brand and feel.
The investment offers an opportunity for the discerning investor to leverage the area of Boca Chica with the centrally located island of Boca Quimera.
Change of Infrastructure: the catalyst for appreciation
The international airport is under expansion in David, which, thanks to a new road, is now an hour and a half from the island. We believe the increased access the Boca Chica area will attract the attention it deserves as world-class aquatic paradise.
Further, as Panama continues build its eco credentials, which are a cornerstone of its public relations, the marine park will be increasingly promoted.
Timing
When considering investment in this area, one has to ask how many places with this level of natural beauty combined with infrastructure are left undiscovered?
With Panama’s insistence on increasing tourist investment through incentives, and the push to grow tourism in general, coupled with the droves of retirees making a home in Boquete; Boca Chica and the Gulf of Chiriqui won’t lie unknown for long.
There is a constant demand for beautiful and diverse ecological environments. Boca Quimera satisfies this demand, especially now that difficult access has been made easy.
The expanding airport in David will bring in jet loads of people, and the new road to Boca Chica will make it easy for those people to access the area. These exact circumstances have been the catalyst for critical mass for many popular destinations in Central America, most notably, the Tamarindo area in Costa Rica.