Panama: House Prices, Rents, and Rental Yields
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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 |
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| 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 |
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| 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 |
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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.
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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