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#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

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More Casco Viejo Resources

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Real Estate in Casco Viejo, Panama

Casco Viejo
Panama
Teatro Amador is located in the heart of the historic district of the Republic of Panama, just a 5-minute drive from downtown Panama City and a 10-minute walk f...
Lots/Land
$3,950,000
3,950,000
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
Beautiful apartment in the Old Town of Panama, specifically in the Arco Chato Building, it has two levels, two bedrooms on the upper floor, two bathrooms, woode...
Apartment
2.0 beds
2.0 bath
$1,650
1,650
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
Warehouse for rent in Panama Viejo Buisness Center Price: 3,200.00 Footage: 220m2 THE PVBC PROJECT is a master development with Corporate Office Buildings and O...
Commercial
$3,200
3,200
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
View More Real Estate in Panama