Property Prices in Panama City, Panama

Index Info
Price to Income Ratio: 12.37
Mortgage as Percentage of Income: 100.95%
Loan Affordability Index: 0.99
Price to Rent Ratio - City Centre: 11.99
Price to Rent Ratio - Outside of Centre: 13.75
Gross Rental Yield (City Centre): 8.34%
Gross Rental Yield (Outside of Centre): 7.27%
Rent Per Month
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Apartment (1 bedroom) in City Centre 882.61 $ 650.00-1,200.00
Apartment (1 bedroom) Outside of Centre 556.82 $ 400.00-900.00
Apartment (3 bedrooms) in City Centre 1,582.69 $ 1,200.00-2,200.00
Apartment (3 bedrooms) Outside of Centre 1,011.36 $ 800.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 214.14 $ 185.80-325.16
Price per Square Feet to Buy Apartment Outside of Centre 155.81 $ 92.90-211.35
Salaries And Financing
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Average Monthly Net Salary (After Tax) 804.99 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.36 4.50-6.50

These data are based on 262 entries in the past 18 months from 42 different contributors.
Last update: December 2020

Sources and References
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