Real Estate

Property and investment in one of Latin America's most attractive markets.

Why invest here

Panama as an Investment Destination

Panama is one of Latin America's most attractive real estate markets. Foreigners have exactly the same property rights as Panamanian citizens — no residency required to buy. A dollarized economy eliminates currency risk entirely.

The market has shown sustained growth over two decades. From modern apartments in Panama City to beachfront homes or Boquete coffee farms, there are options for every investor profile — whether you're buying to live, to rent, or to hold.

Dollarized economy — zero currency risk

Same property rights as citizens

6–10%

Average Airbnb ROI in Panama City

Tax on foreign-source income

Panama City

Casco Antiguo

Pacific Coast

Market

Top Investment Zones

Panama City

Costa del Este / Santa María

High residential demand. Premium construction.

From $280,000

Panama City

Casco Antiguo

High Airbnb yield. Constant international tourism.

Panama City

Amador / Punta Pacífica

Premium. Canal and ocean views.

From $350,000

Chiriquí

Boquete

Growing expat market. Cool climate.

From $180,000

Pacific

Coronado / Playa Blanca

Second home and vacation rental market.

From $150,000

Azuero

Pedasí

Fastest-growing zone on the south Pacific. Land still available at good prices.

Caribbean

Bocas del Toro

Emerging market with enormous tourist potential.

Key numbers

Investment Snapshot

Average Airbnb ROI — Panama City6 – 10% / year

Average ROI — Boquete5 – 8% / year

Price per m² — Panama City$1,800 – $3,500

Price per m² — Boquete$800 – $1,400

Price per m² — Coronado / beach$1,000 – $2,000

Transfer tax2% of sale price

Agent commission3 – 5% (paid by seller)

Average closing time45 – 90 days

Foreigners have the same property rights as Panamanians. No residency required to buy. Properties in tourist areas generate returns from the first month when listed on platforms like Airbnb.

Strategy

Short-Term vs Long-Term: Know Your Strategy Before You Buy

Both approaches work in Panama — but they serve different investor profiles, require different buildings, and produce very different experiences.

Short-Term Rental

Airbnb · Vrbo · Booking.com

6 – 10% / year

Advantages

✓Higher potential returns in tourist zones

✓You can use the property when it's not rented

✓Strong year-round demand in Panama City

✓Income adjusts to market rates

Consider

—Tourism license required from ATP before listing

—Many buildings prohibit it — always check bylaws first

—Requires active management or a property manager

—Income is seasonal and less predictable

Long-Term Rental

12-month lease

4 – 6% / year

Advantages

✓Stable, predictable monthly income

✓Minimal management — no check-ins or turnovers

✓Permitted in virtually all residential buildings

✓Easier to run remotely from abroad

Consider

—Lower returns than short-term

—Less flexibility to use the property yourself

—Panama tenant laws favor tenants — eviction takes time

—Vacancy gaps between leases

Thinking of relocating?

Panama as Your New Home

A growing share of our clients aren't just investors — they're moving here. Panama City is one of the most livable cities in Latin America: modern infrastructure, world-class hospitals, international schools, and a cost of living that's 30–50% lower than comparable cities in the US or Europe.

$2,000–3,000

Comfortable monthly budget for a couple

Top 10

Global retirement destination (International Living)

JCI

Accredited hospitals — US-equivalent standard

Tax on income earned outside Panama

Neighborhoods by Profile

San Francisco / Bella Vista

Young professionals & digital nomads

Walkable, dense with restaurants and coworking spaces, well-connected by transit. A mix of older buildings and new construction at accessible prices.

Punta Pacífica / Marbella

International families & executives

Close to the best private hospitals and international schools. Modern high-rises, concierge buildings, ocean views. Panama's most prestigious corridor.

Casco Antiguo

Creatives, culture seekers & retirees

Panama's UNESCO-listed historic district. A tight-knit expat community, boutique restaurants, and a sense of neighborhood you won't find in the towers.

Costa del Este / Santa María

Families wanting space and quiet

Gated communities with green areas, international school clusters, and a suburban feel. 20 minutes from the city center by car.

Albrook / Clayton

Nature-oriented & value-conscious

Former US military zones repurposed into livable neighborhoods. Large apartments at lower prices, parks, and quick access to nature reserves.

Not sure which neighborhood fits your lifestyle and budget?

What we offer

Our Services

We accompany each client from the first consultation to closing — combining local market knowledge with a clear understanding of the foreign buyer's needs.

Buy & Sell

Personalized search based on your criteria
In-person or virtual property tours
Due diligence and title review
Legal and notarial advisory throughout

Investment & Airbnb

Analysis of highest-ROI zones
Vacation rental income projections
Connection with local property managers
Post-purchase setup assistance

Relocation

Temporary rental search while you decide on a purchase
Zone advisory based on your profile (family, retiree, nomad)
Connection with local attorneys, agents and services

Residency Assistance

Guidance on the most suitable visa type
Connection with immigration attorneys
Follow-up through permit approval

Ready to invest in Panama?

Two ways we can help you move forward.

Digital Download

Panama Real Estate Guides

from $19

3 focused guides — choose what fits your goal

Not everyone comes to Panama for the same reason. Each guide covers one strategy in full depth — no filler, no upsells.

✓Living in Panama — $19: buying process, neighborhoods, taxes, residency

✓Long-Term Rental Strategy — $19: Law 93, real ROI numbers, tenant screening

✓Airbnb in Panama — $19: ATP license, zone-by-zone analysis, operating costs

→Bundle: all three guides — $39 (save $18)

See All Guides

1-on-1 Call

Talk to Our Investment Team

$75

60-minute 1-on-1 consultation

Your specific situation, your specific market — with our local advisor who has closed transactions across Panama City, Boquete, and the Pacific coast.

→Which zone and property type fits your budget and goals

→Realistic ROI estimates for your specific scenario

→What to watch out for in due diligence and title checks

→How to get started remotely — and what can wait until your arrival

The $75 fee is a one-time consultation call. Pick a time that works for you — you'll receive a confirmation instantly.