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#18 Panama City, Panama

Population: Just over 1,500,000
Average Annual Temp: 84°F
Affordability (7 of 10)
Real Estate Prediction Meter (6 of 10)
Quality of Life (7 of 10)

Why We Love Panama City, Panama

With its modern high-rises, gorgeous beaches, a bustling city center with world-class shopping, lots of entertainment options, and a real emphasis on tourism and growth, Panama City has all of the modern amenities expected of a 21st century metropolitan area. Its skyline is as striking as that of Miami, to which it’s often compared. Yet it offers a cultural experience that’s one-of-a-kind.

Founded in 1519, Panama City’s rich cultural history has been one of its most attractive features. Two locations within the city are recognized as World Heritage sites. Panama Viejo contains architectural ruins from the first Spanish settlement, and Casco Viejo is the historic district of the town that was rebuilt after the destruction by the pirate Henry Morgan in 1671. Caribbean, Colonial, French, Spanish and Art Deco styles can all be seen in the buildings in this district.

As a major hub for both commerce and international banking, Panama City is one of only three sites in Central America to be designated as a beta-world city.  It also serves as a key transportation hub that connects Central and South America with the rest of the world. Its Tocumen International Airport is the largest and busiest airport in Central America has many regularly scheduled flights from major cities across the globe.

Who Else Will Love Panama City, Panama

Investors and expats seeking entrepreneurial opportunities will be particularly drawn to Panama City. With its modern infrastructure, convenient access to the U.S. and Europe, and development opportunities, Panama City is a location for reinvention and innovation. Retirees who want all of the modern convenience of a major U.S. city while being located in tropical destination will also find this metropolis an attractive option.

Panama City, Panama Investment Outlook

Panama City is continuing to grow and to undertake new construction and development projects. Prices are on the rise but there are still possibilities for a great return on investment, particularly in some of the poorer sections of the city that are the focus of revitalization efforts. With the government actively courting foreign retirees with relaxed residency requirements, the residential market will continue to grow.

Check out Episode 2 of the Central America Real Estate show on the Podcast.  Here, we interview experts from Nicaragua, Panama, & Costa Rica.  Don’t miss it.

More Panama City Resources

In addition to our Panama City resource page that has all sort of articles, here are a few other great sites to help you dig deeper.

Real Estate in Panama City, Panama

Panama City
Panama
Listing No.1052-4105 Lot for sale in Amador, with breathtaking view of the Panama Canal with zoning to make hotel, apartments or commercial premises Lot measure...
Lots/Land
$6,200,000
6,200,000
USD
Panama City, Panama Latitude: 8.9823792
Longitude: -79.5198696
Panama City
Panama
Listing No. 1052-4100 Commercial Business for sale at Los Andes Mall This place size is 1,280mt2 Rent $ 51,301.60 rent plus ITBMS Sale price $ 7,680,000 Agent: ...
Commercial
$7,680,000
7,680,000
USD
Panama City, Panama Latitude: 8.9823792
Longitude: -79.5198696
Panama City
Panama
Listing No. 1052-4106 Warehouse for sale in France Field The warehouse measures 3,834mt2 divided into 1,260mt2 in PB and two floors of 1,302mt2 Parking of 4 con...
Commercial
$1,480,000
1,480,000
USD
Panama City, Panama Latitude: 8.9823792
Longitude: -79.5198696
View More Real Estate in Panama