Property Prices in Panama

Index Info
Price to Income Ratio: 10.23
Mortgage as Percentage of Income: 87.42%
Loan Affordability Index: 1.14
Price to Rent Ratio - City Centre: 11.35
Price to Rent Ratio - Outside of Centre: 12.26
Gross Rental Yield (City Centre): 8.81%
Gross Rental Yield (Outside of Centre): 8.16%
Rent Per Month
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Apartment (1 bedroom) in City Centre 767.92 $ 400.00-1,200.00
Apartment (1 bedroom) Outside of Centre 448.82 $ 250.00-750.00
Apartment (3 bedrooms) in City Centre 1,444.87 $ 700.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 823.62 $ 400.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 180.35 $ 111.48-278.71
Price per Square Feet to Buy Apartment Outside of Centre 112.47 $ 74.32-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 770.50 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.93 4.00-7.50

These data are based on 329 entries in the past 18 months from 58 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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