Property Prices in Panama City, Panama

Index Info
Price to Income Ratio: 10.77
Mortgage as Percentage of Income: 91.04%
Loan Affordability Index: 1.10
Price to Rent Ratio - City Centre: 10.99
Price to Rent Ratio - Outside of Centre: 11.45
Gross Rental Yield (City Centre): 9.10%
Gross Rental Yield (Outside of Centre): 8.74%
Rent Per Month
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Apartment (1 bedroom) in City Centre 889.29 $ 700.00-1,100.00
Apartment (1 bedroom) Outside of Centre 495.83 $ 300.00-700.00
Apartment (3 bedrooms) in City Centre 1,650.00 $ 1,200.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 957.14 $ 700.00-1,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 200.84 $ 167.22-250.84
Price per Square Feet to Buy Apartment Outside of Centre 118.78 $ 65.03-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 798.46 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.79 5.00-7.50

These data are based on 144 entries in the past 18 months from 22 different contributors.
Last update: May 2022

Sources and References
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