Panama: House Prices, Rents, and Rental Yields
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Last Updated: Nov 08, 2007
Spectacular yields in Panama at 9.55%
| Last Updated: Nov 8, 2007 | |||||
| PANAMA CITY1 - Apartments/Condos | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 120 sq. m. | 197,400 | 1,790 | 10.88% | 1,645 | 14.92 |
| 190 sq. m. | 274,170 | 2,567 | 11.23% | 1,443 | 13.51 |
| 260 sq. m. | 439,660 | 3,390 | 9.25% | 1,691 | 13.04 |
| 330 sq. m. | 607,860 | 4,679 | 9.24% | 1,842 | 14.18 |
| 565 sq. m. | 1,046,380 | 6,238 | 7.15% | 1,852 | 11.04 |
| COASTAL AREAS2- Houses w/grounds | |||||
| 150 sq. m. | 179,550 | n.a | n.a | 1,197 | n.a |
| 250 sq. m. | 275,500 | n.a | n.a | 1,102 | n.a |
| 350 sq. m. | 535,850 | n.a | n.a | 1,531 | n.a |
| 650 sq. m. | 1,178,450 | n.a | n.a | 1,813 | n.a |
| 1 San Francisco, El Cangrejo, La Cresta, Bella Vista, Punta Pacifica, Punta Paitilla, Marbella, Casca Viejo, Costa del Este, Avenida Balboa 2 Coronado, San Carlos, Gorgona, Chame Note: Rents are seasonal in the coastal areas of Panama. Properties available for short-term rent are not included in our research system. Source: Global Property Guide |
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Panama City has yields on apartments and condominiums reaching up to 11.23%, for 190-sq. m. units. As the size increases, yields decline but only up to around 7.15%, which is still a good figure.
Condominiums in Panama City are priced at an average of US$1,695 per sq. m. This is slightly more expensive than houses located in coastal areas, which are selling for US$1,411 per sq. m.
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Your Comments
posted by gerry mcmenamin | 2008-04-04
Teacher/prpoerty investor, geraldmcmenamin@hotmail.com
I might be interested in buying in Panama, but NOT off plan