Last Updated: July 12, 2023
PANAMA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
East Coast
Studio & 1-Bedroom	$290,000	$1,790	7.41%
1-Bedroom	$290,000	$2,000	8.28%
2-Bedroom	$500,000	$2,700	6.48%
3-Bedroom	$1,033,100	$4,500	5.23%
San Francisco
Studio & 1-Bedroom	$185,000	$1,100	7.14%
2-Bedroom	$199,000	$1,200	7.24%
3-Bedroom	$307,600	$1,600	6.24%
4+Bedroom	$650,000	$3,500	6.46%
Pacific Point
Studio & 1-Bedroom	$300,000	$1,550	6.20%
2-Bedroom	$460,000	$2,300	6.00%
3-Bedroom	$550,000	$2,725	5.95%
4+Bedroom	$1,250,000	$5,000	4.80%
Balboa Avenue
Studio & 1-Bedroom	$245,000	$1,450	7.10%
2-Bedroom	$318,000	$1,800	6.79%
3-Bedroom	$447,500	$2,500	6.70%
4+Bedroom	$640,000	$2,800	5.25%
Santa Maria
2-Bedroom	$359,887	$3,200	10.67%
3-Bedroom	$826,000	$4,200	6.10%
4+Bedroom	$1,250,000	$10,500	10.08%
Bella Vista
Studio & 1-Bedroom	$141,000	$1,150	9.79%
2-Bedroom	$232,500	$1,350	6.97%
3-Bedroom	$343,550	$1,700	5.94%
4-Bedroom	$810,000	$3,800	5.63%
El Cangrejo
Studio & 1-Bedroom	$165,000	$1,000	7.27%
2-Bedroom	$209,000	$1,150	6.60%
3-Bedroom	$294,000	$1,450	5.92%
4+Bedroom	$349,000	$3,200	11.00%
Coco del Mar
Studio & 1-Bedroom	$220,000	$1,400	7.64%
2-Bedroom	$266,000	$1,500	6.77%
3-Bedroom	$430,000	$2,200	6.14%
4+Bedroom	$525,000	$2,200	5.03%
Panama avg. Rental Yields			6.93%
PANAMA OESTE - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Panam Oeste (all locations)
Studio & 1-Bedroom	$160,000	$850	6.38%
2-Bedroom	$234,500	$1,200	6.14%
3-Bedroom	$348,000	$1,550	5.34%
4+Bedroom	$497,000	$1,900	4.59%
Panama Oeste avg. Rental Yields			5.61%
COCLÉ - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Coclé (all locations)
Studio & 1-Bedroom	$145,000	$1,300	10.76%
2-Bedroom	$299,000	$1,450	5.82%
3-Bedroom	$370,000	$2,000	6.49%
4+Bedroom	$712,500	$3,000	5.05%
Coclé avg. Rental Yields			7.03%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

The gross yields in Panama - the rental return earned on the purchase price of a rental property, before taxation, vacancy costs, and other costs - are good, by international standards. Yields range from 4.59% to 11.00% with an average of 6.52%.

There isn´t much difference, in terms of yield, between beachfront and further back. The Beachfront is more expensive, but you get better rent. Smaller apartments do tend to yield more.

Round trip transaction costs are low in Panama. See our Residential property transaction costs analysis for Panama and Residential property transaction costs in Panama compared to the continent.