Property Prices in Panama City, Panama

Index Info
Price to Income Ratio: 11.36
Mortgage as Percentage of Income: 98.28%
Loan Affordability Index: 1.02
Price to Rent Ratio - City Centre: 11.23
Price to Rent Ratio - Outside of Centre: 10.54
Gross Rental Yield (City Centre): 8.91%
Gross Rental Yield (Outside of Centre): 9.49%
Rent Per Month
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Apartment (1 bedroom) in City Centre 938.33 $ 650.00-1,500.00
Apartment (1 bedroom) Outside of Centre 614.47 $ 400.00-800.00
Apartment (3 bedrooms) in City Centre 1,953.85 $ 1,300.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,183.33 $ 700.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 228.61 $ 185.80-278.71
Price per Square Feet to Buy Apartment Outside of Centre 135.37 $ 92.90-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 861.84 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.07 5.00-7.00

These data are based on 207 entries in the past 18 months from 40 different contributors.
Last update: April 2024

Sources and References
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