Apartment$275,600
Panama City
2 ba 70 m²
Property for Sale in Panama: A Guide for Overseas Buyers
5,253 homes, apartments and plots from local agents and developers, across 17 cities and towns.
- Listings
- 5,253
- Cities
- 17
- Apartments
- 1,720
- Under 100k
- 362
Properties for sale in Panama
Listings link to the original agent or portal, where you can contact the seller directly.
36 properties shown
Apartment
House$379,000
Cocle
2 bd
Apartment$750,000
Panama City
1 bd 1 ba 92 m²
Apartment$117,975
Panama City
1 ba 35 m²
HousePrice on request
Panama Oeste
2 bd 2 ba 135 m²
Apartment$139,900
Panama City
1 bd 2 ba 65 m²
Apartment$355,000
Panama City
1 bd 1 ba 65 m²
Apartment$200,000
Panama City
2 bd 1.5 ba 47 m²
Apartment$288,000
Panama City
2 bd 2 ba 100 m²
Apartment$150,000
Panama Oeste
2 bd 1 ba 70 m²
Apartment$856,800
Panama City
4 bd 1 ba 200 m²
Apartment$152,000
Panama Oeste
1 bd 1 ba 64 m²
$320,000
Panama City
2 bd 3 ba 105 m²
$617,000
Panama City
3 bd 3 ba 162 m²
$1,700,000
Panama City
3 bd 4 ba 260 m²
$1,100,000
Panama City
3 bd 3 ba 370 m²
$385,000
Panama City
1 bd 1 ba 70 m²
$3,500,000
Panama City
4 bd 5 ba 492 m²
$1,350,000
Panama City
2 bd 3 ba 175 m²
$785,000
Panama City
3 bd 3 ba 323 m²
$390,000
Panama City
2 bd 2 ba 119 m²
$1,035,714
Panama City
2 bd 3 ba 193 m²
$1,350,000
Panama City
6 bd 6 ba 806 m²
$327,788
Panama City
2 bd 2 ba 58 m²
$650,000
Pedasí
3 bd 3 ba 180 m²
$590,000
Panama City
3 bd 3 ba 172 m²
$632,000
Santa María District
3 bd 4 ba 161 m²
$670,000
Panama City
3 bd 3 ba 313 m²
$330,000
Panama City
1 bd 1 ba 96 m²
$230,000
Panama City
1 bd 1 ba 50 m²
$335,000
Panama City
2 bd 2 ba 152 m²
$175,000
Panama City
2 bd 2 ba 85 m²
$161,000
Nueva Gorgona
2 bd 1 ba 70 m²
$682,800
Panama City
3 bd 3 ba 188 m²
$130,000
Pedasí
1 bd 1 ba 105 m²
$1,085,000
Panama City
4 bd 4 ba 309 m²
Where to buy in Panama
Cities and towns with the most properties for sale right now.
Buyer's guide: Panama
Anyone looking to buy property in Panama will find an unusually open market: foreigners have the same property rights as citizens, and 5,253 current listings on RealEstateAbroad cover everything from Panama City towers to Pacific beach lots. The median asking price is €388,879, and the details of title and tax are where buyers need to be careful.
Panama market snapshot
Figures are from current listings on RealEstateAbroad and are asking prices, converted to euros from US dollars, the working currency in Panama. That means no local-currency risk for dollar-based buyers.
The spread is wide, with the middle half of listings priced between €211,984 and €849,276. Median size is 216 m², bigger than most European markets because the sample includes houses and land.
| Indicator | Value |
|---|---|
| Active listings | 5,253 |
| Median asking price | €388,879 |
| Middle 50% of prices (p25-p75) | €211,984 - €849,276 |
| Median price per m² | €1,974 |
| Median size | 216 m² |
| Apartments | 1,708 |
| Houses | 1,679 |
| Land | 1,172 |
| Commercial | 634 |
Best places to buy in Panama
- Panama City: 2,066 listings, median €473,807 and about €2,274 per m². The skyline, banking sector, airport and Casco Viejo make it the main market.
- San Carlos and Rio Hato on the Pacific coast, about 1.5 hours from the capital, have beach communities and golf resorts.
- Pedasí on the Azuero Peninsula is popular with surfers and retirees (median €424,638).
- Chame and Nueva Gorgona are closer to the capital with lower medians.
- Boquete and Alto Boquete in the highlands offer a cool climate and a large expat community.
- David is the commercial hub of the west, with a lower median price per m².
A cheaper option near the capital is La Chorrera, at a median of €154,479.
Read more (7 more sections)Show less
Types of property
Apartments lead with 1,708 listings, narrowly ahead of houses at 1,679. There are 1,172 land listings and 634 commercial properties. Three-bedroom homes are the largest bedroom group (1,383), followed by two (725) and four (606).
In the capital, most apartments are in high-rises with shared amenities; check the condominium regime (propiedad horizontal) and the monthly maintenance fee.
Titled property and rights of possession
Foreigners can own titled property in Panama with the same legal protections as nationals, with limits near borders and on certain island and coastal land. The central warning is that some land is not titled. It may be sold as a right of possession (ROP) rather than a fully registered title, which is weaker and harder to finance or resell.
Steps to buy
- Choose the area and hire an independent Panamanian lawyer.
- Search the public registry (Registro Público) to confirm the title, owner and liens.
- Sign a promise-to-purchase contract with a deposit, often 10%.
- Complete due diligence, including a survey for land.
- Sign the public deed before a notary.
- Pay transfer taxes and register the deed with the public registry.
- Register for property tax and utilities.
Costs and taxes
Panama taxes property transactions but offers incentives for newer homes. These ranges are approximate; verify locally.
| Cost | Typical range |
|---|---|
| Transfer tax | Approx. 2% of the higher of price or registered value |
| Registry and notary fees | Approx. 0.5% to 1% |
| Agent commission | Approx. 5% to 6%, usually paid by the seller |
| Capital gains tax (seller) | Approx. 10% of profit, with a withholding on the sale price |
| Annual property tax | Approx. 0.5% to 0.7% above exemptions, with long exemptions for new homes |
Financing
Panamanian banks lend to non-residents, often with loan-to-value of 60% to 70% and a requirement for local bank accounts and proof of income. Rates are usually higher than in the US or Europe. Many developments offer staged payment plans. See the Panama financing guide and compare scenarios in the mortgage calculator.
Residency options
Panama has a long record of residency schemes. The Friendly Nations visa has been available to citizens of many countries, backed by economic ties such as a property purchase or a bank deposit, while a qualified-investor route has linked permanent residency to real estate investment above a stated threshold. The pensioner visa offers discounts for retirees. Thresholds change, so verify current requirements with an immigration lawyer.
Rental yields and what to watch
Panama City has a deep rental market driven by banks, multinational headquarters and the Canal economy. Short-term rental rules in individual condo buildings vary, so read the building bylaws before you plan on holiday letting. On the Pacific coast, beach communities rent seasonally and depend heavily on tourism cycles.
When you compare prices, look at the price per m² rather than the asking price. In our data it ranges from about €640 in La Chorrera to more than €2,600 in Veracruz, which shows how much the micro-location matters. Try the valuation tool to sense-check a specific asking price.
In Panama, the property is only as good as its title: confirm titled ownership at the public registry before you talk about price.
Pros and cons
Advantages
- Same property rights for foreigners and citizens
- US dollar economy and strong banking centre
- Pacific and Caribbean coasts, highlands, and a modern capital
Drawbacks
- Titling issues on rural and coastal land
- High agent fees and uneven valuations
- Oversupply in some Panama City condo towers
Continue with our Panama market analysis and foreign buyer guide.
Last updated 8 October 2026
Buying property in Panama: FAQ
Can foreigners buy property in Panama?
Yes. Foreigners have the same rights as Panamanians to own property, subject to limits near borders and some coastal or island land. Always check the title type.
What is a right of possession in Panama?
A right of possession (ROP) is a weaker form of ownership on land that has not been fully titled. It can be harder to finance and resell, so many buyers insist on titled property.
How much does property cost in Panama?
The median asking price in current listings on RealEstateAbroad is €388,879, or about €1,974 per m². Panama City has a median of €473,807.
What taxes apply when buying in Panama?
Expect a transfer tax of approximately 2%, plus registry and notary fees. Annual property tax is modest, and many new homes enjoy exemptions. Check locally.
Can I get a residency visa by buying property in Panama?
Real estate investment has supported residency applications, for example under investor schemes with minimum thresholds, but rules change. Take advice from an immigration lawyer.
Can non-residents get a mortgage in Panama?
Yes, from some banks, typically at 60% to 70% loan-to-value. Read our Panama financing guide for details.
Explore more in Panama
Property types in Panama
- Apartments for sale(1,720)
- Houses for sale(1,681)
- Land for sale(1,172)
- Commercial Property for sale(634)
Budget searches
- Property under €100K(362)
- Cheap property under €200K(1,197)
Popular cities in Panama
- Panama City(2,114)
- San Carlos(202)
- Rio Hato(191)
- Pedasí(144)
- Chame(112)
- Boquete(107)
- Nueva Gorgona(91)
- San Francisco(88)