Top 5 Locations to Buy Real Estate in Panama: The 2024 Investment Guide

Why Buy Real Estate in Panama? 2024 Facts & Market Trends

Looking for the best real estate in Central America? Real Estate in Panama continues to attract savvy investors, retirees, and global nomads thanks to its stable economy, tax-friendly incentives, and welcoming culture. In 2024, the Panama property market is thriving—with consistent growth, favorable laws for foreign property buyers, and diverse opportunities for every type of lifestyle.

Why is the Panama real estate market so appealing? The country offers unique features for foreign buyers:

• Strategic location (with both Pacific and Caribbean coasts)
• Modern cities and amazing beach towns
• Pro-business environment and reliable legal system
• Equal property rights for locals and foreigners

Whether you’re seeking a secure investment, a peaceful retirement spot, or a smart way to start living abroad, Panama stands out as one of the best places to invest. Let's explore the top Panama real estate hotspots and discover exactly where to buy property in Panama for high returns and great quality of life.

The Panama Property Market: Trends & Benefits for Investors

Understanding the Panama property market is essential for a smart purchase. Since 2020, Panama’s real estate scene has seen a boost in:

• Property value appreciation (especially in key areas like Panama City and Boquete)
• Rise in foreign buyers, particularly from the US, Canada, and Europe
• Growth in expat communities and remote work hubs

Key advantages of buying Panama real estate in 2024:

• Multi-year property tax exemptions and ultra-low rates learn more
• Full property ownership rights for foreigners
• Residency through investment (ex: Friendly Nations Visa)
• Diverse property types: luxury condos, beachfront homes, eco-farms & more

These factors make Panama one of the best places to invest in real estate, offering both solid returns and an outstanding climate for ownership.

For full property listings, check the official Panama MLS

1. Real Estate in Panama City: Urban Investment & Luxury Living

Why Panama City Is a Top Real Estate Hotspot

When it comes to real estate in Panama, nowhere offers more variety—or potential—than Panama City. This cosmopolitan capital features:

• Iconic skyline and high-rise condos
• World-class healthcare, schools, and shopping
• International airport access
• Lively dining, arts, and nightlife scenes

Ideal for:  

• Property investors seeking high rental demand 
• Business professionals and expats 
• Families wanting city conveniences

Popular areas: Punta Pacifica, San Francisco, Costa del Este—known for secure, amenity-rich developments and strong resale value.

Panama City market trends:  

• Consistent price appreciation 
• Excellent liquidity for sellers 
• Short- and long-term rental opportunities

Legal safety is key:

Always conduct due diligence when buying in the Panama property market. Partner with a reputable attorney to verify property titles and review all contracts.

2. Coronado: The Best Place for Beachfront Real Estate Near Panama City

Coronado is the original Panama real estate hotspot for those dreaming of sand and surf without sacrificing big-city access. Just one hour from Panama City, Coronado features:

• Modern supermarkets and medical clinics
• International schools and golf courses
• Gated communities and expat neighborhoods

Ideal for:

• Retirees seeking safety and convenience 
• Families wanting calm beaches and city proximity 
• Investors focused on vacation rental income

Coronado's real estate options: 

• Oceanview condos 
• Beach cottages 
• Golf course villas 
• New developments with premium amenities

Trends for 2024:  



• Rapid rise in expat buyers 
• High demand for turnkey properties 
• Steady appreciation in home values

Want the full legal and practical steps on buying here? See our comprehensive Panama buying guide.

3. Boquete: Top Real Estate Destination for Retirees & Mountain Lovers

Why the Panama Highlands Are Booming

With its cool climate and stunning scenery, Boquete stands out in the Panama real estate market as the highlands haven for expats, retirees, and those seeking affordability.

Boquete draws buyers with:

• Year-round spring weather
• Secure, welcoming expat community
• World-famous coffee plantations
• Outdoor lifestyle: hiking, birdwatching, golf

Who buys here?

• Retired couples from the US, Canada, Europe 
• Younger families seeking health & tranquility 
• Small-scale investors (home rentals & eco-lodges)

Real estate options:

• Mountain-view homes with gardens 
• Condos in gated developments 
• Working coffee farms and hobby plots

Boquete real estate trends: 



• Stable entry prices, lower cost of living 
• High ROI from rentals & resales 
• Regular “Best Places to Retire” rankings

Legal reminder: 

Always validate the property title and review residency options with a trusted Panama real estate attorney.

4. Bocas del Toro: Caribbean Real Estate in a Paradise Setting

Dreaming of island vibes and eco-friendly investments? Bocas del Toro is where to buy property in Panama if you want Caribbean adventures and high rental income. This archipelago offers:

• Pristine beaches and jungle backdrops
• Active surf and dive culture
• International appeal (popular with digital nomads and vacationers)

Best buyers for Bocas:

• Vacation rental investors (Airbnb, VRBO)
• Eco-lodge operators
• Buyers seeking lifestyle + rental returns

Property types available:

• Waterfront villas and bungalows
• Jungle lots with sea views
• Boutique hotels and hostels

Bocas real estate trends: 

• Rising property demand 
• Eco-tourism driving new development 
• Strong short-term rental yields

For more, see the Bocas del Toro tourism guide.

5. Pedasí & Playa Venao: Surfside Investments and Tranquility on Panama’s Pacific Coast

Why Pedasí is the Next Panama Real Estate Hotspot

Pedasí and nearby Playa Venao on the Azuero Peninsula offer huge potential for buyers who value quiet beaches, friendly communities, and surf culture. This area stands out as one of the best places to invest in Panama, thanks to:

• Unspoiled beaches and Pacific views
• Young, tight-knit international community
• Active yet relaxed coastal lifestyle

Ideal buyers:

• Surfers and ocean lovers 
• Early-stage investors seeking long-term upside 
• Boutique developers and retirees

Types of Panama real estate here: 

• Beachfront homes and undeveloped land 
• Small-scale hospitality projects 
• Ranches and working farms

Market trends:  

• Fast-growing value, especially for waterfront and near-beach properties 
• Expanding infrastructure and amenities 
• Opportunities for value buys in early-stage areas

For tax guidance, visit this Panama property tax update.

How to Buy Real Estate in Panama Securely

Buying real estate in Panama is straightforward for foreigners, but expert legal guidance is vital.

Step-by-step to safe property investment:

1. Conduct due diligence. Always review property titles, boundaries, and ensure no legal encumbrances.

2. Title verification. Use the Public Registry of Panama for an official title search.

3. Work with a trusted law firm. Independent legal advice is key for contract drafting, title research, and navigating Panama’s tax rules.

4. Understand your buying rights. Foreigners can own titled land almost everywhere, with few restrictions.

5. Ownership options.  Buy as an individual or via a Panama corporation for asset protection.

Thinking about entering the Panama property market? Schedule a consultation with independent legal experts for secure, compliant investing and peace of mind throughout your real estate journey.

The Best Places to Buy Real Estate in Panama in 2024

From the vibrant amenities of Panama City to the peaceful shores of Pedasí, there’s a perfect match for every buyer in the Panama property market. Whether you dream of luxury city condos, beachfront homes, eco-lodges, or coffee farms, Panama offers exceptional value, choice, and lifestyle reward for your investment.

Ready to make your move? Unlock the best places to invest in Panama and purchase property with total confidence—using expert legal support and the latest market insights.