Azuero Peninsula

The relative remoteness of the Azuero Peninsula has been its biggest obstacle to development.  But this is slowly changing and Azuero is now beginning to attract the attention it deserves.  This is a beautiful part of Panama, surrounded by the Gulf of Panama to the east and the Pacific ocean to the south.  With a dramatic shoreline, great surf, rolling hills, national parks and island vistas, the coming years may see this region emerge as Panama's new tourism frontier. 

The eastern side of the Peninsula is more populated and has the charming towns of Pedasi, Las Tablas and Chitre.  Drivng from Panama City most stop at Las Tablas, a historic country town with a famous annual Carnival.  Chitre is also an important center with rich traditions and a rural heritage that runs deep.  But for real estate, surfing (Playa Vendado is probably the most famous break), and a sense of where the region may be headed, visitors should head to Pedasi.

Pedasi real estate

Life in Pedasi is unhurried and peaceful. But there's also a sense that the town has its eye on the future and is getting started as a real estate destination.  In 2005-7 pioneer investors arrived and bought up huge tracks of land at low prices around Pedasi and on the less developed western coast of the Azuero Peninsula.  Some of these early entrants are now turning these parcels into real estate development selling property for the end users.  (Our sample size for real estate developments in the area is still small - see sidebar, and map below - with the result that the aggregated medians for houses and condos shown in the chart below are influenced by a couple of high-end developments that have set up in the area.  Ocean view lots in Azuero are priced below the average for Panama as a whole). 

Pedasi has a young but growing tourism industry, well maintained infrastructure and good roads.  There's even talk of an 'international' airport, but this is likely to be many years away.

Getting to Pedasi on the Azuero Peninsula

The drive from Panama City to Pedasi is approximately 5 hours.  If you are visiting the western coast, plan on 6-7 hours drive time.  The roads are generally in good condition on the Azuero Peninsula.  Pedasi has a domestic airport receiving flights from Panama City.

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Have you visited Pedasi? How about Chitre or Las Tablas?  Have you driven along the western coast of the Azuero Peninsula? Have you invested in Panama property? Do you own property in Azuero? If you've answered yes to any of these questions, we'd love to hear from you.  Share your experience with other overseas property investors by writing a review:

Overview of the Area

Real estate market information