>

#28 Casco Viejo, Panama

Population: Just over 900,000
Average Annual Temp: 84°F
Affordability (6 of 10)
Real Estate Prediction Meter (4 of 10)
Quality of Life (7 of 10)

Photo by Damian James

Casco Viejo, the historic quarter of Panama City may be one of those undiscovered jewels that is on the verge of becoming a major hub of expat and investor activity. Overlooking the Pacific entrance to the Panama Canal, this UNESCO World Heritage Site contains historic architecture that gives visitors a glimpse of the foundations of modern day Panama. Buildings from the Colonial period often sit next to refurbished structures converted to high-end residences, combining Old World charm with the promise of the future.

Photo by This American Girl

Housing is very affordable in Casco Viejo, particularly for those looking to restore older properties to their former grandeur. There are an increasing number of smaller hotels with modern amenities that make finding lodging in the old town convenient. Local vendors, restaurants, and the general street scene all make Casco Viejo an experience as much as a destination.

There are a number of conservation and development projects under way in throughout Casco Viejo, all of which make this a very good time to invest or purchase property. The emphasis on keeping the area authentic translates into an increased potential for tourist activity and a good return on initial cash outlays. With so many available properties that could be restored and customized, Casco Viejo could be “the next big thing” for expats, retirees and investors.

Photo by This American Girl

Panama Residency

Listen to an attorney discuss Panama Residency Options

More Casco Viejo Resources

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

Real Estate in Casco Viejo, Panama

Casco Viejo
Panama
Cozy and comfortable apartment of 7 square meters distributed in 1 bedroom and 2 bathrooms, living room, kitchen, internal laundry.This apartment, located in a ...
Apartment
1.0 beds
2.0 bath
$1,200
1,200
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
RE-MODELING COMMERCIAL LOCAL WITH EXCELLENT LOCATION IN OLD TOWN, HAS 4 FLOORS, A LARGE OFFICE, BEAUTIFUL LOBBY, ELEVATOR, 5 SPACIOUS SPACIOUS (ROOM, FOURTH) 6 ...
Commercial
$12,000
12,000
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
Santa Familia will accommodate studios and apartments of 1 to 4 bedrooms right in front of Santo Domingo Beach. It will have the most spectacular views of the ...
Apartment
4.0 beds
5.0 bath
$370,701
370,701
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
View More Real Estate in Panama