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Panama: House Prices, Rents, and Rental Yields

Last Updated: Nov 12, 2008

Spectacular yields in Panama!

Last Updated: Nov. 12, 2008
PANAMA CITY –
Inland apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
85 sq. m. 157,590 1,527 11.62% 1,854 17.96
120 sq. m. 208,800 1,736 9.98% 1,740 14.47
150 sq. m. 246,450 2,231 10.86% 1,643 14.87
175 sq. m. 291,025 2,417 9.97% 1,663 13.81
220 sq. m. 367,840 n.a. n.a. 1,672 n.a.
440 sq. m. 658,240 n.a. n.a. 1,496 n.a.
PANAMA CITY –
Beachfront apartments
120 sq. m. 211,680 1,957 11.10% 1,764 16.31
175 sq. m. 308,000 2,634 10.26% 1,760 15.05
225 sq. m. 394,425 2,880 8.76% 1,753 12.80
275 sq. m. 531,575 4,012 9.06% 1,933 14.59
350 sq. m. 684,250 4,473 7.84% 1,955 12.78
500 sq. m. 1,085,000 n.a. n.a. 2,170 n.a.
PANAMA CITY–
Beachfront houses
170 sq. m. 256,020 n.a. n.a. 1,506 n.a.
325 sq. m. 381,875 n.a. n.a. 1,175 n.a.
Districts researched
Beachfront Neighborhoods : Marbella, Punta Pacifica , Punta Paitilla
Inland Neighborhoods: El Cangrejo, La Cresta, San Francisco, Coronado, Gorgona
Source: Global Property Guide                    Definitions: Data FAQ                       See also: Update Schedule

Though there has been much discussion of whether Panama’s real estate market is overbuilt, or a mature market, actually, it is hard to see why its residential real estate market should be much at risk, based on our research. We find that Panama City has spectacular 9.94% average gross rental yields. Yields can reach as much as 11.62% for 85 square metre (sq. m.) units. These are excellent results, and suggest that the Panama boom still has time to run.

Panama City beachfront houses are priced at an average of US$1,340 sq. m., which is not expensive by international standards.

 

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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