Property Prices in Panama

Index Info
Price to Income Ratio: 12.10
Mortgage as Percentage of Income: 106.07%
Loan Affordability Index: 0.94
Price to Rent Ratio - City Centre: 12.43
Price to Rent Ratio - Outside of Centre: 12.25
Gross Rental Yield (City Centre): 8.05%
Gross Rental Yield (Outside of Centre): 8.16%
Rent Per Month
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Apartment (1 bedroom) in City Centre 802.71 $ 400.00-1,200.00
Apartment (1 bedroom) Outside of Centre 562.42 $ 275.00-800.00
Apartment (3 bedrooms) in City Centre 1,714.06 $ 1,000.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,044.42 $ 593.72-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 219.19 $ 157.93-278.71
Price per Square Feet to Buy Apartment Outside of Centre 141.68 $ 92.90-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 802.80 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.25 5.50-7.00

These data are based on 283 entries in the past 18 months from 53 different contributors.
Last update: June 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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