Property Prices Comparison Between Ecuador and Panama

For major cities in those countries you get more relevant data by specifying cities.

City in Ecuador:
City in Panama:

Index	Ecuador	Panama
Price to Income Ratio:	10.98	11.22
Mortgage as Percentage of Income:	127.20%	98.78%
Loan Affordability Index:	0.79	1.01
Price to Rent Ratio - City Centre:	16.06	10.35
Price to Rent Ratio - Outside of Centre:	18.28	9.81
Gross Rental Yield (City Centre):	6.23%	9.66%
Gross Rental Yield (Outside of Centre):	5.47%	10.20%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Ecuador Edit	Panama Edit	Difference
Apartment (1 bedroom) in City Centre	337.82 $	920.45 $	+172.5 %
Apartment (1 bedroom) Outside of Centre	273.93 $	698.62 $	+155.0 %
Apartment (3 bedrooms) in City Centre	583.27 $	1,805.53 $	+209.6 %
Apartment (3 bedrooms) Outside of Centre	449.05 $	1,351.92 $	+201.1 %
Buy Apartment Price	Ecuador Edit	Panama Edit
Price per Square Feet to Buy Apartment in City Centre	107.97 $	200.90 $	+86.1 %
Price per Square Feet to Buy Apartment Outside of Centre	97.42 $	143.56 $	+47.4 %
Salaries And Financing	Ecuador Edit	Panama Edit
Average Monthly Net Salary (After Tax)	503.16 $	826.28 $	+64.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	10.00	6.30	-37.0 %
Last update:	April 2025	March 2025
Contributors in the past 12 months:	95	50

Country data (source The World Bank, 2024)	Ecuador	Panama
GDP Per Capita (PPP) ($) :	10,900.00	33,300.00
GDP Growth Rate:	2.95	10.81
Population Growth Rate:	0.99	1.51

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