
Browse through our listings of Panama City Panama condos for sale, and contact us with any questions. The Panama City skyline is defined by the variety and the scope of the offering of condos for sale in Panama. Like most large cities, Panama City, Panama has developed vertically as opposed to horizontally, meaning that if one is thinking about living in the urban centre of the city, in all likelihood the search will be for Panama condos for sale. Trying to choose from the many condos for sale in Panama, one has to consider a variety of options including the location, quality, and overall cost of the condo (not just the purchase price).
A widely held idea for those doing their research on the internet is that the average price of a condo for sale in Panama is drastically cheaper than a similar condo for sale in other parts of the world, but this isn’t necessarily true. For example, compared to a city like Sao Paolo, London, or New York, the cost of a Panama condo will, of course, be significantly less, however for cities like Miami, Medellin, or Phoenix on the surface the pricing may not appear to be any great value.Focusing on strictly the city center of Panama, one can generally expect the price of a condo for sale in Panama City Panama that is between one and five years old to run anywhere from $1,100 per square meter all the way up to as much as $3,000 per square meter and in a few cases even higher. This equates to roughly $100-280 per square foot. With condos for sale in other markets going for half that much, Panama City condo pricing may not appear to be the bargain that it’s purported to be.
However, one has to consider the overall cost of condo ownership when trying to determine total value, meaning factors like property tax, building administration, and cost of labor for general maintenance as important considerations on the overall cost of owning a condo in Panama. All of the condos for sale in Panama that have been completed in the last six years have the benefit of a 20-year property tax exoneration that is 100% transferrable. That means that if an owner sells a condo to a new buyer and that condo is four years old, then the new buyer will have a 16 year Panama property tax exoneration that is associated with that specific condo for sale. This represents a significant saving when compared to other condos for sale in other parts of the world.
Panama City Panama Condos for Sale
If you are thinking about moving to Panama City Panama, in all likelihood you are going to end up living in a condo because, in the end, this is a condo town. Some cities in Central and South America tend to have more homes than condos, but Panama City Panama is an exception to that rule.
The offering of Panama City Panama condos for sale varies significantly depending on the area and the developer. For example, condos for sale in Panama City neighborhoods like Punta Pacifica, Costa del Este, and Balboa Avenue tend to be higher priced but also more exclusive in their finish quality, amenities offered, and of course the size and views. These types of Panama condos for sale generally have ocean and/or city views, depending on how high up they are in the building and where the condo is located within the neighborhood.
Panama Condos for Sale: Features
Most condo buildings in Panama City Panama have some sort of social area that includes, among other things, a lobby, security guard office, building administration office, pool, gym and in some cases a sauna, squash court, basketball court, tennis court, and spa.
Most Panama condos for sale utilize split air conditioning units as opposed to central air conditioning units. The “split” a/c system generally tends to be more economical because you can choose which rooms to cool and when.
Building administration charges or CAM (common area maintenance) charges for Panama condos for sale generally, vary between $.80/meter up to $3.00 per meter depending on the amenities being offered in the condo.
Panama Condos for Sale: Advice
If you are investigating buying a condo in Panama that has not been completed yet, it is important to do your research on the developer. There are some very old and established developers in Panama and there are also new foreign developers, some of whom are just getting started in Panama.
If you are interested in a Panama condo for sale that has not been completed yet and is being promoted by a new developer, try to get a sense of how well funded the project is. Ask questions like “what percentage of the condos have been pre-sold?” and “Is there bank financing involved?”
Views are also a very important factor to consider when investigating condos for sale. Typically, the higher the floor, the more expensive the condo is. Views, however, can be short-lived in Panama because there are a handful of developers who cannibalize the views of past projects to build newer, more directly facing ocean view Panama condos for sale. Make sure that there are no plans to build in front of the apartment you are investigating, and more importantly, no space to build.
Ready to start your search for your Panama Condo? Then check out the listings we currently have available below or contact us directly to be teamed up with one of our agents who is here to make your real estate journey in Panama as easy and enjoyable as possible.
Spacious 2-Bedroom Condo for Rent at Allure at the Park
This spacious 2-bedroom condo for rent in Allure offers a…
$1,900
Luxury Condo for Rent in Allure at the Park, Stunning Views and Prime Location
Discover Allure at the Park, one of Panama City’s most sought-after…
$3,500
Cozy One-Bedroom Condo For Rent in Historic Casco Antiguo
This cozy condo for rent in Casco Antiguo combines modern…
$950
Panama City Penthouse for Sale: Prime Amador Causeway Location with Bay and Skyline Views
This luxury penthouse on the Amador Causeway is a rare…
$550,000
Live the Modern Dream in Casco Antiguo – Check Out these Casco View Condos for Sale!
Casco View condos represent one of the most modern and…
$420,000
Exquisite Luxor 400 Condos Available in El Cangrejo
The Luxor 400 in El Cangrejo, crafted by Pacific Hills,…
$378,000
BIOMA Pre-Sale Luxury Condo In Costa del Este
Explore this spacious 2-bedroom condo in Costa del Este with…
$480,000
NOGAL Preconstruction Costa del Este 3-bedroom Condo for sale!
Nogal will feature several floorplans ranging from 100 to 130…
$453,560
Brand New Nogal Panama Costa del Este 2 Bedroom Condos for Sale
Nogal will feature several floorplans ranging from 100 to 130…
$360,574
The Ultra Luxury World of Club Residences In Ocean Reef
Welcome to The Club Residences, where city living takes on…
$817,039
Skyline Bliss: Spectacular Titanium Condo For Sale
This 3-bedroom, 3.5 bathroom condo in PH Titanium, Costa del…
$550,000
Welcome to Seaside, in the Heart of Panama City
Discover Seaside, an exciting new development nestled in Calle Uruguay,…
$261,000
BIOMA Pre-Sale Luxury Condo For Sale in Costa del Este
Early release on the two bedroom condos in one of…
$484,000
BIOMA Pre-Sale Two-Bedroom Luxury Condo For Sale In Costa del Este
Check out this new 2 bedroom condo for sale in…
$404,000
BIOMA Pre-Sale One-Bedroom Luxury Condo For Sale in Costa del Este
We are super excited about this new condo project in…
$325,000
3 Bedroom Luxury Panama Condo For Rent: Ocean Reef
The main entrance gives you access to the first floor…
$8,590
Luxury 2 Bedroom Residence For Sale At Bristol Panama
This managed two-bedroom residence at P.H Bristol offers you the…
$598,000
Brand New Luxury Building With The Best Views In Punta Paitilla
Seapoint Tower is the latest and greatest development that Punta…
$960,000
Two-Bedroom Discounted Condos For Sale In El Cangrejo
Here’s your opportunity to own in the heart of downtown…
$308,000
Discounted Condos For Sale in El Cangrejo
With a smart floorplan, luxury finishes, and fantastic city views,…
$321,000
New Condos in Casco Viejo, Panama Casa Variedades
The Casa Variedades project is brought to market by one…
$268,964
Combining Technology With Beauty in El Cangrejo
Located in the heart of El Cangrejo! We are excited…
$229,302
Bright and Airy Three Bedroom Condo For Sale in Van Gogh El Cangrejo
Located in the heart of El Cangrejo! We are excited…
$294,378
Stunning Floor To Ceiling Glass Windows In this Panama Condo For Sale
The spectacular views from the floor to ceiling glass windows…
$380,000
Spacious and Elegant Condo For Sale in the Heart of Panama City
This classic condo is in the heart of Panama City…
$415,000
VITA, The Most Exclusive Tower Of Coco Del Mar For Sale
VITA is one of the most modern Tower projects located…
$430,000
Modern Living in Historic Casco Antiguo – Casco View Condos for Sale
Casco View condos represent one of the most modern and…
$160,000
Historic Casco Antiguo: Discover Casco View Condos Available for Sale
Casco View condos represent one of the most modern and…
$306,500
Luxury Condos For Sale in Luxor 400 in El Cangrejo
The Luxor 400 in El Cangrejo is another impeccable project…
$240,600
The Point is Panama’s Icon of luxury
Enjoy magnificent views of the skyline, the Bay, and out…
$1,250,000