Property Prices in Panama

Index Info
Price to Income Ratio: 11.12
Mortgage as Percentage of Income: 97.16%
Loan Affordability Index: 1.03
Price to Rent Ratio - City Centre: 11.65
Price to Rent Ratio - Outside of Centre: 11.70
Gross Rental Yield (City Centre): 8.59%
Gross Rental Yield (Outside of Centre): 8.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 798.47 $ 400.00-1,200.00
Apartment (1 bedroom) Outside of Centre 519.41 $ 250.00-800.00
Apartment (3 bedrooms) in City Centre 1,714.71 $ 900.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 981.51 $ 593.72-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 204.90 $ 152.73-278.71
Price per Square Feet to Buy Apartment Outside of Centre 125.93 $ 92.90-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 800.86 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.21 5.00-7.00

These data are based on 313 entries in the past 18 months from 55 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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