Panama real estate for sale — browse condos, apartments, houses, land, and commercial properties across Panama City, the Pacific coast, Chiriquí, and the islands. Use the filters below to search by location, type, or price.

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Panama's real estate market offers outstanding value for buyers and investors. Browse condos, apartments, houses, land, and commercial properties for sale across Panama City, the Pacific coast, Chiriquí highlands, and Panama's islands. Use the filters above to narrow by location, property type, bedrooms, or price.

Prices range from around $80,000 for a studio apartment to $2M+ for a luxury penthouse or beachfront villa — mid-range condos in Panama City typically fall between $150,000 and $400,000. Panama is fully dollarized, charges no capital gains tax on property for foreign owners, and offers residency by real estate investment from $300,000. Popular with expats, retirees, and international investors, Panama's stable economy and low cost of living make it one of the top property investment markets in Latin America.

Frequently Asked Questions — Buying Real Estate in Panama

Yes. Panamanian law grants foreigners the same property ownership rights as citizens. No residency permit is required to purchase. Titles are registered at the Public Registry and are fully transferable.
Panama does not levy a traditional capital gains tax on most residential property sales. A flat 3% transfer tax applies to the sale price. Annual property tax is exempt on primary residences valued under $120,000, with reduced rates above that threshold.
The Qualified Investor Visa requires a minimum real estate investment of $300,000 USD. Upon approval, it grants permanent residency for the investor and qualifying family members, with the option to apply for citizenship after five years.
Studio and one-bedroom apartments in established Panama City neighborhoods typically start from $100,000 to $150,000. Mid-range two-bedroom condos range from $180,000 to $350,000. Luxury units in Costa del Este, Punta Pacífica, or Santa María can exceed $500,000 for premium floors with ocean views.
Panama City neighborhoods like Costa del Este, Santa María, and San Francisco attract investors and professionals. Boquete in Chiriquí province is a top choice for retirees seeking a cool mountain climate. Bocas del Toro draws buyers wanting Caribbean island living. Coronado on the Pacific coast is popular for beach homes and weekend retreats.

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