Market Report
Panama Real Estate Market Report
An honest overview of current market conditions across Panama's primary real estate markets. Updated regularly with the information that matters most to buyers and investors.
Last updated: August 2026
Key Market Indicators
Currency
US Dollar (USD)
Eliminates currency risk for US-based investors
Property Tax
0.6% - 1% annually
Of registered value; under $30K exempt
Closing Costs
2% - 3%
Of registered property value
Capital Gains Tax
10% on profit or 3% on total
Seller's choice
Rental Income Tax
Progressive rates
Residents and non-residents taxed differently
New Construction Tax Exemption
15 - 20 years
Property tax exempt on newly built properties
Market-by-Market Overview
Panama City
Trend
Stable to appreciating
Demand
Strong from international buyers and local professionals
Price Range
$250,000 - $3,000,000+
Market Highlights
Premium waterfront condos in Punta Pacifica and Costa del Este continue to command top prices. The financial district supports strong rental demand. Casco Viejo remains an active revitalization area with growing tourism-driven investment.
Coronado / Pacific Beaches
Trend
Growing demand, moderate appreciation
Demand
Steady from retirees, weekend buyers, and lifestyle seekers
Price Range
$200,000 - $1,500,000
Market Highlights
Coronado remains the most liquid Pacific beach market. Nueva Gorgona and San Carlos are gaining attention from buyers seeking better value. The corridor continues to develop with new restaurants, services, and infrastructure improvements.
Boquete / Chiriquí Highlands
Trend
Stable with steady demand
Demand
Strong from retirees and lifestyle buyers
Price Range
$180,000 - $1,200,000
Market Highlights
Boquete maintains its position as the top retirement destination in Panama. Property values have been stable, and the market favors well-priced properties in established neighborhoods. Volcán offers emerging opportunities at lower price points.
Bocas del Toro
Trend
Variable by island, growing interest
Demand
Growing from lifestyle buyers, digital nomads, and eco-tourism investors
Price Range
$150,000 - $1,000,000
Market Highlights
The Bocas market is less liquid than Pacific markets but offers unique opportunities for waterfront and island properties. Isla Colón remains the commercial center, while surrounding islands offer more affordable waterfront options.
Disclaimer: This market overview is provided for informational purposes only and does not constitute financial, investment, or legal advice. Market conditions can change. We recommend consulting with qualified professionals before making any real estate investment decisions. Past market performance is not indicative of future results.