Property Prices in Panama City, Panama

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Index Info
Price to Income Ratio: 10.94
Mortgage as Percentage of Income: 95.67%
Loan Affordability Index: 1.05
Price to Rent Ratio - City Centre: 10.59
Price to Rent Ratio - Outside of Centre: 9.09
Gross Rental Yield (City Centre): 9.44%
Gross Rental Yield (Outside of Centre): 11.00%
Rent Per Month
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Apartment (1 bedroom) in City Centre 995.24 $ 600.00-1,500.00
Apartment (1 bedroom) Outside of Centre 720.59 $ 400.00-1,300.00
Apartment (3 bedrooms) in City Centre 2,090.64 $ 1,300.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,506.25 $ 900.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 229.68 $ 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) 915.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.21 5.50-7.00

These data are based on 168 entries in the past 18 months from 37 different contributors.
Last update: November 2024

Sources and References
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