Property Prices in Panama City, Panama

Index Info
Price to Income Ratio: 11.48
Mortgage as Percentage of Income: 98.84%
Loan Affordability Index: 1.01
Price to Rent Ratio - City Centre: 11.47
Price to Rent Ratio - Outside of Centre: 10.53
Gross Rental Yield (City Centre): 8.72%
Gross Rental Yield (Outside of Centre): 9.49%
Rent Per Month
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Apartment (1 bedroom) in City Centre 939.05 $ 650.00-1,500.00
Apartment (1 bedroom) Outside of Centre 620.83 $ 400.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,991.67 $ 1,350.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,303.12 $ 800.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 235.74 $ 190.45-278.71
Price per Square Feet to Buy Apartment Outside of Centre 142.45 $ 92.90-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 886.76 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.02 5.50-7.00

These data are based on 184 entries in the past 18 months from 36 different contributors.
Last update: June 2024

Sources and References
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