Property Prices in Panama City, Panama

Index Info
Price to Income Ratio: 10.53
Mortgage as Percentage of Income: 91.83%
Loan Affordability Index: 1.09
Price to Rent Ratio - City Centre: 10.54
Price to Rent Ratio - Outside of Centre: 8.54
Gross Rental Yield (City Centre): 9.49%
Gross Rental Yield (Outside of Centre): 11.71%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,072.92 $ 700.00-1,700.00
Apartment (1 bedroom) Outside of Centre 829.41 $ 450.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,106.38 $ 1,350.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,670.59 $ 1,000.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 238.59 $ 190.45-297.29
Price per Square Feet to Buy Apartment Outside of Centre 151.30 $ 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 996.07 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.17 5.50-7.00

These data are based on 186 entries in the past 18 months from 40 different contributors.
Last update: January 2025

Sources and References
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