Panama skyline

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

ArcadiaApartment

$275,600

Panama City

2 ba 70 m²
Veranera (Buenaventura)House

$379,000

Cocle

2 bd
The Reserve at Santa MaríaApartment

$750,000

Panama City

1 bd 1 ba 92 m²
The Walker Wellness CenterApartment

$117,975

Panama City

1 ba 35 m²
Yuma Mountain CommunityHouse

Price on request

Panama Oeste

2 bd 2 ba 135 m²
The Sands Apartments MallApartment

$139,900

Panama City

1 bd 2 ba 65 m²
Allure at the ParkApartment

$355,000

Panama City

1 bd 1 ba 65 m²
SeascapeApartment

$200,000

Panama City

2 bd 1.5 ba 47 m²
NogalApartment

$288,000

Panama City

2 bd 2 ba 100 m²
Royal PalmApartment

$150,000

Panama Oeste

2 bd 1 ba 70 m²
Casa BiancaApartment

$856,800

Panama City

4 bd 1 ba 200 m²
Playa Caracol ResidencesApartment

$152,000

Panama Oeste

1 bd 1 ba 64 m²
APARTMENT FOR SALE IN AVENIDA BALBOA – PH NUOVO ARMANI – FULLY FURNISHED – SEA VIEWApartment

$320,000

Panama City

2 bd 3 ba 105 m²
BRAND NEW APARTMENT FOR SALE IN SANTA MARIA, PANAMA CITY - PH THE IVYApartment

$617,000

Panama City

3 bd 3 ba 162 m²
Luxury Apartment for Sale in Panama, PanamaApartment

$1,700,000

Panama City

3 bd 4 ba 260 m²
Beachfront apartment for sale Costa del EsteApartment

$1,100,000

Panama City

3 bd 3 ba 370 m²
Casco Viejo Historic Apartment with Balcony LivingApartment

$385,000

Panama City

1 bd 1 ba 70 m²
CREATIVE WAVES, WATERFRONT 6, OCEAN REEF ISLAND II #3 SL24-11500Apartment

$3,500,000

Panama City

4 bd 5 ba 492 m²
PH CASA DEL MAR SL25-01115Apartment

$1,350,000

Panama City

2 bd 3 ba 175 m²
Modern apartment with Ocean Views in Costa del EsteApartment

$785,000

Panama City

3 bd 3 ba 323 m²
APARTMENT FOR SALE IN COCO DEL MAR, PANAMA CITY - BRAND NEW - PH NEXTApartment

$390,000

Panama City

2 bd 2 ba 119 m²
Ocean Reef Islands SL26-07107Apartment

$1,035,714

Panama City

2 bd 3 ba 193 m²
Premier Loft Penthouse – Luxury Living in San FranciscoApartment

$1,350,000

Panama City

6 bd 6 ba 806 m²
La Central City Flats & Club en Casco Viejo | Pre-Venta | Invest in LifestyleApartment

$327,788

Panama City

2 bd 2 ba 58 m²
Condo for sale, Playa Venao (Pedasí, Panama)Apartment

$650,000

Pedasí

3 bd 3 ba 180 m²
Loft-Style Apartment in TRIBU Coco del MarApartment

$590,000

Panama City

3 bd 3 ba 172 m²
Santa Maria The Ivy SL26-07114Apartment

$632,000

Santa María District

3 bd 4 ba 161 m²
APARTMENT FOR SALE IN COSTA DEL ESTE, PANAMA CITY - UNIQUE OPPORTUNITY - PH PARAMOUNTApartment

$670,000

Panama City

3 bd 3 ba 313 m²
Live in Style at Parkside – Book Your Tour Today!Apartment

$330,000

Panama City

1 bd 1 ba 96 m²
Apartment for purchase in Panama San Francisco.Apartment

$230,000

Panama City

1 bd 1 ba 50 m²
APARTMENT FOR SALE IN AVENIDA BALBOA, PANAMA CITY – REMODELED AND FURNISHED – OCEAN VIEW – PH YACHT CLUBApartment

$335,000

Panama City

2 bd 2 ba 152 m²
Panama City - San Francisco: apartamento de 85 m² en PH FirenzeApartment

$175,000

Panama City

2 bd 2 ba 85 m²
Playa Gorgona - Key ready, furnished, Royal Palm: 70m², 2 bedrooms, beachfrontApartment

$161,000

Nueva Gorgona

2 bd 1 ba 70 m²
Luxury Apartment in Santa Maria with Pool, Gym and Nature ViewApartment

$682,800

Panama City

3 bd 3 ba 188 m²
Ocean FRONT LOFT, C. a Playa Destiladeros, in Pedasí, PanamaApartment

$130,000

Pedasí

1 bd 1 ba 105 m²
APARTMENT FOR SALE IN Santa María Golf & Country Club, Panama City – ALTAIR TOWER – BRAND NEW – DELIVERY MARCH 2027 – PANORAMIC…Apartment

$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.

IndicatorValue
Active listings5,253
Median asking price€388,879
Middle 50% of prices (p25-p75)€211,984 - €849,276
Median price per m²€1,974
Median size216 m²
Apartments1,708
Houses1,679
Land1,172
Commercial634

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)

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

  1. Choose the area and hire an independent Panamanian lawyer.
  2. Search the public registry (Registro Público) to confirm the title, owner and liens.
  3. Sign a promise-to-purchase contract with a deposit, often 10%.
  4. Complete due diligence, including a survey for land.
  5. Sign the public deed before a notary.
  6. Pay transfer taxes and register the deed with the public registry.
  7. 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.

CostTypical range
Transfer taxApprox. 2% of the higher of price or registered value
Registry and notary feesApprox. 0.5% to 1%
Agent commissionApprox. 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 taxApprox. 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