Sellers in Panama know you’re a foreigner. Know the real prices first.

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Cover of Panama: the real property prices, as of today

70+ pages in the full guide

Cover of Panama: the real property prices, as of todayHow much does a flat cost in Panama, place by place? About $1,980 a m² in San Carlos, $4,000 in Pedasí: an 80 m² flat costs about $158k to $320k.Which Panama City areas can you afford with $300,000? 2 of the 8 fit easily. In Obarrio, Punta Paitilla, Marbella and Coco del Mar, only the smaller flats do.What does your budget buy in Panama? $300,000 buys a 3-bedroom flat of about 134 m² in Panama City or 152 m² in San Carlos, but only about 75 m² in Pedasí.How long does it take to sell a home in Panama, and for how much less? About 7 months for a flat and 9 for a house, sold through brokers in early 2026, at about 6% below the asking price; land went 12% below.What does buying a home in Panama cost on top of the price? Only about 2 to 2.5% of the price: $2,500 on a $100,000 flat, $40,000 on a $2 million villa.What is a Panama City flat bought in 2021 worth today? A Panama City flat that sold for $200k in mid-2021 would sell for about $212k today: up 6% in 5 years, and down 1.7% in the last year, while prices overall rose 2.8%.
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Updated November 2026·70+ pages·PDF

Panama: the real property prices, as of today

INSIDE THE GUIDE

  • What homes really sell for, area by area
  • Which areas are overpriced right now
  • How much room you have to negotiate
  • What your budget really gets you
  • What you’ll pay on top of the price
  • What owning costs you every year
  • How much tax you’ll owe
  • The rules foreigners trip over
  • The areas to stay away from
  • Who to trust, and who to double-check
  • What’s changed in the last 12 months
  • What could go wrong, and how to avoid it
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Verified data with sourcesUpdated in November 2026