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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
Live in the most charming and picturesque neighborhood in the city, where you can enjoy a spectacular international gastronomy that will undoubtedly delight you...
Apartment
3.0 beds
2.0 bath
$680,000
680,000
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
Historic Building for Sale in Casco Viejo, 14,555.06 sq ft of construction on a 3,810.10 sq ft lot This beautiful commercial building, built on a lot with an ar...
Lots/Land
$2,500,000
2,500,000
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
The Property We offer for rent this place in Casco Viejo, characterized by being one of the busiest and most famous areas of Panama City. Making it an ideal inv...
Commercial
$3,050
3,050
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
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