Thread: High rental prices in Panamá

Hello,

2 years ago I moved to the Canary Islands. I like living here very much but would like to explore some really tropical countries in Latin America or Carribean or.... So, I am looking for a quite safe, cheap and developed country with good Internet connection where to live for 1-2 years.

Panamá looks very good for me and all information sources say it's a cheap country. I just checked some real estate websites and looks that Panamá isn't cheap at all. Yes, there are cheap properties for buying, but rental prices are extremaly high. After checking a few websites I didn't find any apartments for rent under 1200-1500 USD/month. I don't know the prices in USA, but in Europe such a price is normal for large cities like Barcelona or Madrid. 1500 USD/month for an apartment in Latin America looks almost like a hotel price.

In Gran Canaria where I live now I pay 500 EUR/month (water and electricity included in the price) for an 50 m2 apartment with sea views and 100m from the beach.

Are really rental prices in Panamá so high or I just visited wrong websites?

Thanks.

---------- Post added at 09:08 AM ---------- Previous post was at 09:06 AM ----------

I am sorry, I wanted to publish this thread under "Living in Panama". Can anyone move it?

I have live in Panama for 3 years now, Panama city is full of cheap cars and ultra high rental prices. All classified websites showing ads from real estate companies are pure scam. exorbitant prices.....the city is not what you think.......lol........yeah...is true you can find some interesting places around the city, beautiful beaches, etc, etc........but......nahh.....it was a bit exciting during the first year......then....quite boring.

After all......Hey!....come to Panama!

Rental prices still remain pretty high in Panama City, especially short-term (less than 6 months). I do agree that Panama City is fun for the first year but after that it gets old. I found that if somebody is going to live in Panama it is necessary to get out of the city as often as possible and explore the country. There are many things to do and see in the country but people fall into a rut and get bored.