Apartment$152,000
Panama Oeste
1 bd 1 ba 64 m²
Panama Apartments for Sale: City Towers and Beach Condos
1,720 apartments currently listed for sale in Panama.
Apartments for sale in Panama
32 properties shown
Apartment
Apartment$276,000
Cocle
3.5 ba 15 m²
Apartment$150,000
Panama Oeste
2 bd 1 ba 70 m²
Apartment$200,000
Panama City
2 bd 1.5 ba 47 m²
Apartment$750,000
Panama City
1 bd 1 ba 92 m²
Apartment$139,900
Panama City
1 bd 2 ba 65 m²
Apartment$50,000
Colón
Apartment$117,975
Panama City
1 ba 35 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
Apartments in Panama
Apartments for sale in Panama are the country's largest category in our data, with 1,720 of 5,253 current listings. Foreigners buy on the same legal footing as locals, which is why condos in the capital and on the Pacific coast draw so many overseas buyers.
What apartments cost
Listings on RealEstateAbroad show a country-wide median asking price of €388,879 across all property types, with the middle half between €211,984 and €849,276. Price per m² has a median of €1,974. Apartments in Panama City's best towers sit well above those averages, while smaller coastal units can fall below them. Asking prices are not sale prices, and developers frequently discount for cash buyers.
| Measure | Value |
|---|---|
| Listings in Panama | 5,253 |
| Median asking price | €388,879 |
| Middle half (p25-p75) | €211,984 - €849,276 |
| Median price per m² | €1,974 |
Where flats are concentrated
Panama City is the centre of the market, with high-rise living along the bay and in districts such as San Francisco. On the Pacific coast, Rio Hato, Nueva Gorgona, San Carlos and Chame offer beach condos within driving distance of the capital. Highland buyers look at Boquete, and Pedasí draws surfers and retirees.
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Buying off-plan versus resale
Many Panamanian flats are sold off-plan. That can lower the entry price, but you are lending money to a developer.
- Ask whether deposits go to a trust or escrow.
- Check the developer's record on delivered projects.
- Verify the building permit and promissory contract terms with a lawyer.
- Inspect resale units for water damage, as humidity is a constant problem.
Costs and incentives
Expect a transfer tax and registry fees on resale purchases, plus legal costs and HOA fees. New builds often come with a property-tax exemption for a set period, but eligibility depends on the property value and the permit date, so verify locally. Investment-linked residency programmes exist for real estate purchases above set thresholds. See our Panama consultation guide and financing guide.
In Panama the view sells the flat, but the developer's track record protects the money.
Bedroom mix
Across the market, 3-bedroom listings lead with 1,383, followed by 2-bed (725) and 4-bed (606). One-bedroom homes number 291 and five-bed-plus 372. Most apartments will be in the one-to-three range.
Compare other types
See houses, land or commercial property in Panama, or browse cheaper options. The Panama overview and market data add context.
Last updated 8 October 2026
Frequently asked questions
Can foreigners buy apartments in Panama?
Yes, with the same rights as Panamanians for titled property. Restrictions apply near borders and on some islands, so confirm with a lawyer.
How many apartments are for sale?
We list 1,720 apartments across Panama out of 5,253 properties.
Is a Panama City condo a good rental?
Demand comes from expats and professionals, but supply of new towers has been large in past years. Ask for actual rents in the same building.
What are typical annual costs?
Budget for HOA fees, insurance and, on older units, property tax. Amounts vary widely by building.
Do beach condos hold value?
They depend on developer completion and access. Check what is already built, not what is promised.
Explore more in Panama
Property types in Panama
- Houses for sale(1,681)
- Land for sale(1,172)
- Commercial Property for sale(634)
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)