Property Prices in Panama City, Panama

Index Info
Price to Income Ratio: 13.69
Mortgage as Percentage of Income: 121.52%
Loan Affordability Index: 0.82
Price to Rent Ratio - City Centre: 12.17
Price to Rent Ratio - Outside of Centre: 8.86
Gross Rental Yield (City Centre): 8.22%
Gross Rental Yield (Outside of Centre): 11.28%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 1,207.37 $ 800.00-1,870.00
1 Bedroom Apartment Outside of City Centre 954.40 $ 650.00-1,500.00
3 Bedroom Apartment in City Centre 2,041.64 $ 1,300.00-3,320.00
3 Bedroom Apartment Outside of City Centre 1,447.22 $ 1,000.00-2,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 289.64 $ 277.78-304.35
Price per Square Feet to Buy Apartment Outside of Centre 159.28 $ 141.79-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 882.71 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.40 6.00-7.00

These data are based on 172 entries from 34 contributors over the past 18 months.
Last update: 20 January 2026

Sources and References
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