Panama Real Estate by City
Panama's property market is highly local: a beach condo in Coronado, a mountain home in Boquete and a restored apartment in Casco Viejo are priced, financed and rented in completely different ways. These guides cover typical prices, the best areas, the buying process for foreigners and rental demand in each market, updated for 2026.
Compare Panama's main real estate markets
| City | Region | Typical Price Range | Best Known For | Guide |
|---|---|---|---|---|
| Coronado | Panamá Oeste | $120,000 – $700,000+ | The most developed Pacific beach town, golf and expat services | Coronado real estate |
| Boquete | Chiriquí | $150,000 – $900,000+ | Cool highland climate, coffee farms and retiree community | Boquete real estate |
| Pedasí | Los Santos | $120,000 – $800,000+ | Uncrowded Azuero beaches, surf at Playa Venao and sport fishing | Pedasí real estate |
| Panama City | Panamá | $120,000 – $1,000,000+ | Financial centre, high-rise condos and the deepest resale market | Panama City real estate |
| Bocas del Toro | Bocas del Toro | $90,000 – $900,000+ | Caribbean island living, tourism rentals and waterfront land | Bocas del Toro real estate |
| David | Chiriquí | $90,000 – $450,000+ | Western Panama's service hub with the best urban value | David real estate |
| El Valle de Antón | Coclé | $130,000 – $600,000+ | Cool volcanic crater valley, weekend homes and gardens | El Valle de Antón real estate |
| Santa Catalina | Veraguas | $70,000 – $600,000+ | World-class surf and the gateway to Coiba National Park | Santa Catalina real estate |
| Casco Viejo | Panamá | $250,000 – $1,500,000+ | UNESCO colonial quarter, heritage restorations and tourism rentals | Casco Viejo real estate |
City buyer guides
- Panamá OesteCoronadoThe most developed Pacific beach town, golf and expat services$120,000 – $700,000+
- ChiriquíBoqueteCool highland climate, coffee farms and retiree community$150,000 – $900,000+
- Los SantosPedasíUncrowded Azuero beaches, surf at Playa Venao and sport fishing$120,000 – $800,000+
- PanamáPanama CityFinancial centre, high-rise condos and the deepest resale market$120,000 – $1,000,000+
- Bocas del ToroBocas del ToroCaribbean island living, tourism rentals and waterfront land$90,000 – $900,000+
- ChiriquíDavidWestern Panama's service hub with the best urban value$90,000 – $450,000+
- CocléEl Valle de AntónCool volcanic crater valley, weekend homes and gardens$130,000 – $600,000+
- VeraguasSanta CatalinaWorld-class surf and the gateway to Coiba National Park$70,000 – $600,000+
- PanamáCasco ViejoUNESCO colonial quarter, heritage restorations and tourism rentals$250,000 – $1,500,000+
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