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🇵🇦Panama · Price tier
Homes in Panama under $200K
$200,000 in Panama buys very comfortably. Two-bed condos in Panama City's Punta Pacífica or El Cangrejo proper, beachfront condos in Coronado and Playa Blanca, two-bed homes in Boquete or El Valle de Antón (highlands retirement favorites), and full detached houses in secondary cities like David or Santiago. Expect US-style amenities on newer stock: pools, gyms, 24-hour security, generators. Coronado in particular has built up as an American retirement enclave with English-speaking services. Closing costs run 5-7% (transfer tax 2%, notary, registration).
Listings
3,078
Median price
$155K
Cities covered
25
Avg size
3197 m²
Visa & residency
Friendly Nations Visa — available to US citizens with professional/economic ties to Panama. Requires employment, $200,000 real estate investment, or $200,000 bank deposit. Grants 2-year provisional residency, then permanent. Pensionado Visa — for retirees with $1,000+/mo pension, extensive senior discounts on flights, restaurants, and utilities.
Read the full Panama guide →60 listings under $200K
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