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Nov 02, 2009

Panama homes slightly weaker, but good yields

Last Updated: Nov. 02, 2009
PANAMA CITY –
Inland apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
80 sq. m. 130,960 1,172 10.74% 1,637 14.65
120 sq. m. 182,400 1,535 10.10% 1,520 12.79
150 sq. m. 223,200 1,845 9.92% 1,488 12.30
200 sq. m. 299,200 2,474 9.92% 1,496 12.37
PANAMA CITY –
Beachfront apartments
90 sq. m. 214,200 1,723 9.65% 2,380 19.14
120 sq. m. 234,360 1,928 9.87% 1,953 16.07
160 sq. m. 279,840 2,149 9.21% 1,749 13.43
250 sq. m. 400,000 3,125 9.38% 1,600 12.50
500 sq. m. 859,500 5,865 8.19% 1,719 11.73
PANAMA CITY–
Beachfront houses
270 sq. m. 470,340 n.a. n.a. 1,742 n.a.
Districts researched
Beachfront Neighborhoods : Marbella, Punta Pacifica , Punta Paitilla, Avenida Inland Neighborhoods: El Cangrejo, La Cresta, San Francisco, Dos Mares, La Alameda, Obarrio, Bella Vista
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Both rents and prices have softened in Panama since last year, according to our research.  Nevertheless gross rental yields are healthy, and Panama remains an attractive property investment.




Property Showcase - Panama

 
Apartment $600,927
 
House $545,000
 
House $505,000

 


Comments

#1 GERRY MCMENAMIN | April 04, 2008

I might be interested in buying in Panama, but NOT off plan

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