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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
Three bedroom furnished apartment located in The Star & Herald building, one of the Panama City areas of greater historical value. This apartment is unique and ...
Apartment
3.0 beds
3.0 bath
$2,300
2,300
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
Old Quater is a mix of restored Spanish colonial buildings that are now apartments, boutique hotels & hostels, restaurants, and rooftop bars. This cozy apartmen...
Apartment
1.0 beds
2.0 bath
$1,200
1,200
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
Casco Viejo
Panama
Cozy and comfortable apartment of 78 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
$1,100
1,100
USD
Casco Viejo, Panama Latitude: 8.9531326
Longitude: -79.5357556
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