Property prices in Panama

The most desired place? Where YOU are happy, which is different for everyone.

Affordable? not where there are a lot of expats, and rural is cheaper than city. Avoid Panama City if you are trying to save money.

Average cost? to rent? In Panama City? $1000-1500, I have heard, for something nice. Interior, depends on what you want. I know someone who has a room for $50, someone who has a small house in a small town in Chiriqui for $125, and big houses down the road from us cost $1000+. We pay $385 for an unfurnished 3/2 in a middle class neighborhood in the north side of David, and some locals think that is a bit expensive.

We rent - simple, sign a lease, hand over one month rent, security deposit, leave with keys in hand. Our agent stops by every month to pick up the rent. Others have an arrangement where they deposit it into the bank account of the landlord.

Others can answer questions about owning, buying, taxes, etc.

What is a residency tax? I don't think we have that here.