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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

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.

 

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

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