Rothbard Group
    Panama City skyline at golden hour, viewed across the bay.
    Panama Real Estate

    Find the right Panama property,without the legwork.

    Tell us what you are looking for. We build a curated 10-property shortlist matched to your preferences and arrange the viewings.

    USD-denominated propertyCurated shortlistHonest perspective
    Where HNW buyers buy

    Nine places we know in detail.

    Aerial view of the Ocean Reef reclaimed islands off Punta Pacifica in Panama City, luxury high-rise condominium towers and waterfront garden apartments facing the Pacific Ocean.

    Ocean Reef

    Panama City
    US$5,000 to 7,500 / m²

    Reclaimed private islands off Punta Pacifica. Ocean-facing towers and garden apartments. The top of the market.

    Explore the area
    Aerial view of Punta Pacifica peninsula in Panama City at golden hour, modern luxury high-rise condo towers facing the Pacific Ocean.

    Punta Pacifica

    Panama City
    US$2,000 to 3,500 / m²

    Ocean-facing peninsula. Hospital walking distance. The HNW core.

    Explore the area
    Aerial view of Costa del Este in Panama City, master-planned residential neighbourhood with mid-rise apartments, palm-lined boulevards and low-rise villas.

    Costa del Este

    Panama City
    US$2,000 to 4,000 / m²

    Master-planned, family-friendly, low-rise.

    Explore the area
    Santa Maria Golf and Country Club district in Panama City, manicured fairways and water features framed by upscale low-rise apartment buildings and villas with tropical landscaping.

    Santa María

    Panama City
    US$3,000 to 4,500 / m²

    Gated golf community. Resort amenities, security, villas and towers.

    Explore the area
    Restored colonial street in Casco Viejo, Panama City, with cream and ochre Spanish heritage facades, wrought-iron balconies and a cobblestone street.

    Casco Viejo

    Panama City
    US$3,500 to 5,000 / m²

    Heritage stock. Capped supply. Premium per m². Thinner rental.

    Explore the area
    Bella Vista and the Cinta Costera waterfront in Panama City, mid-rise residential apartment towers along the Avenida Balboa coastal beltway of Panama Bay at golden hour.

    Bella Vista / Cinta Costera

    Panama City
    US$1,800 to 4,000 / m²

    Central waterfront along the Cinta Costera. Walkable, with a mix of older and newer mid-rise stock.

    Explore the area
    Aerial view of the Coronado and Playa Caracol beach corridor on the Pacific coast of Panama, low-rise modern beach villas and resort condos, palm trees and tan-sand beach meeting calm ocean.

    Coronado & Playa Caracol

    Beach corridor
    US$1,500 to 4,000 / m²

    Pacific beach corridor, 60 to 90 minutes out. New-build Playa Caracol through to older Coronado, so the range is wide.

    Explore the area
    Buenaventura luxury beach resort community on the Pacific coast of Panama, branded low-rise residences and villas beside a golf course and tan-sand beach at golden hour.

    Buenaventura

    Beach corridor
    US$2,500 to 4,000 / m²

    Master-planned luxury beach resort on the Pacific. Branded residences, golf and a beach club.

    Explore the area
    Boquete mountain town in Panama, lush green coffee farm hillsides, misty cloud forest and Volcan Baru in the distance.

    Boquete

    Mountain
    US$1,500 to 4,000 / m²

    Cool climate, mature expat community, retiree-favoured.

    Explore the area
    Relocation course

    The Panama Relocation Course

    Tax, residency, banking and buying property. The whole move, in one guided course.

    Explore the course
    The 30-second answer

    Tell us what you want. Panama City or beach. House or apartment. Single-story or multi-floor. Your budget and timeline. We build a curated 10-property shortlist matched to your preferences, deliver it with our perspective on each, and arrange viewings on the ones you want to see. We coordinate the buying process from there. If you also need help with the cross-border tax or residency side, our practice covers that.

    Start with the Panama Property Finder
    The case for Panama

    Why HNW buyers are looking south.

    01

    USD-denominated property

    No currency mismatch for US buyers. A clean USD asset for Canadians.

    02

    Territorial tax

    Panama does not tax foreign-source income. The cross-border interaction with your home country is where the work lives.

    03

    Residency through property

    Three live legal pathways. The right one depends on your passport, your timeline, and your tax position.

    04

    Yield and appreciation

    5 to 5.5 percent net rental yield in core Panama City zones. A 20-year improvements exemption on qualifying new builds.

    Who this fits

    Three buyers we work with most often.

    01

    HNW investor-buyer

    You want a USD-denominated property in Panama. A yielding asset, a foothold, or both. You want a curated shortlist, not a listings catalogue.

    02

    Retiree or lifestyle buyer

    You are moving to Panama (or splitting time) and you want a property that fits the life you are planning. Panama City, the beach corridor, or the mountains.

    03

    Cross-border family or trustee

    You are acquiring a Panama property for a family member, a trust, or a corporate vehicle. You want it done with the buying-process discipline of an advisor, not a listing agent.

    Residency through property

    Three live legal pathways. One that fits.

    Property in Panama is not just a financial decision. For HNW buyers it is also a residency mechanism and a tax-residency lever. Three live pathways use property as the qualifying asset; the fourth is property-adjacent. Pick the wrong one and you spend more capital than you need to.

    PathwayLegal basisMinimumSpeedBest fit
    Friendly Nations VisaDecreto Ejecutivo No. 197 (2021)US$200,000 (held throughout residency)5 to 6 monthsHNW buyers from FNV-eligible countries (US, Canada, EU, others)
    Qualified Investor VisaDecree Law 722 (2020)US$300,000 (rises to US$500,000; verify current decree)About 30 business daysFaster-track HNW. Immediate permanent residency.
    Self Economic Solvency VisaDecreto Ejecutivo No. 320 (2008)US$300,000 real estate or Panamanian bank deposit6 to 9 monthsBuyers from non-FNV countries. Bank-deposit alternative.
    PensionadoLaw 9 (1987)Not property-based. US$1,000 per month lifelong pension.4 to 6 monthsRetirees with verified pension. Property bought separately.
    Free guide

    Residency-Through-Property Comparison Guide

    The side-by-side that helps you pick.

    The adjacent pieces

    Buying property is one decision. Tax and residency are the others.

    Panama property has cross-border tax implications and often pairs with a residency programme. We run the property side from this page. The tax side and the residency side run from their own dedicated practice pages, built by the same team, on the same engagement when you want them.

    For US citizensFBAR, Form 8938, structuring optionsFor CanadiansDeparture tax and Panama tax-residency sequencingFor everyonePanama residency programmes that pair with property
    The Rothbard property process

    Five steps from question to closing.

    1. 01

      Tell us what you want

      Quick form on the page. We email you our intake questionnaire.

    2. 02

      Fill out the questionnaire

      City or beach, house or apartment, layout, budget, timeline. The full picture.

    3. 03

      We build your curated shortlist

      Top ten properties matched to what you told us.

    4. 04

      We deliver it with our perspective

      Each property reviewed honestly. The trade-offs flagged.

    5. 05

      We arrange the viewings

      You pick the ones you want to see. We coordinate the visits and the buying process.

    You give us your preferences. We do the searching, the screening, and the coordination. The shortlist is curated, not catalogue. We tell you what fits, what does not, and why. When you are ready to view, we make the introductions and run the visits. That is what we mean by "without the legwork."

    Living well in Panama

    The reasons buyers stay.

    01

    Healthcare

    Hospital Punta Pacífica, Johns Hopkins-affiliated. Pacífica Salud, Hospital Nacional. Private insurance markets that fit US and Canadian retirees.

    02

    Education

    Bilingual private schools with IB and US-curriculum options across Panama City.

    03

    Safety and infrastructure

    Lower crime in HNW zones than headline city stats suggest. LATAM-leading internet. Tocumen as a regional aviation hub.

    04

    Climate and connectivity

    Same time zone as US East and Central. 3 to 4 hour flight from Miami, Houston, or Toronto. Year-round tropical climate.

    Start your search

    Tell us what you are looking for.

    A few quick questions in the Panama Property Finder and we build your curated 10-property shortlist, matched to your preferences, with our perspective on each.

    Open the Panama Property Finder
    Frequently asked

    Honest answers to the obvious questions.

    Yes. Panama places no nationality restriction on titled urban property and US buyers transact regularly. The work is on the cross-border tax side, where Panama ownership produces FBAR and Form 8938 reporting. See our [US cross-border tax practice](/cross-border).

    Yes. The harder question is exiting Canadian tax residency cleanly so the property purchase does not collide with departure tax timing. See our [Canadian cross-border tax practice](/cross-border).

    US$200,000 under the Friendly Nations Visa, US$300,000 under Self Economic Solvency, and US$300,000 (rising to US$500,000) under the Qualified Investor Visa. Compare them on our [Panama Visas page](/panama-visa).

    Two ways to start

    Pick the door that fits where you are.

    01 · Highest intent

    Start Your Property Search

    Tell us what you are looking for. We email you our intake questionnaire and build your curated shortlist.

    02 · Warm intent

    Talk it through with us

    A monthly Curated Shortlist webinar is in production. In the meantime, a one-hour Panama Consulting Call covers the same ground privately.

    Still need guidance before starting your search?

    Where to go next