Neighborhoods
Casco Antiguo
Casco Antiguo is the historic colonial quarter of Panama City—also known as San Felipe—a UNESCO World Heritage Site. Its cobblestone streets hold restored lofts and penthouses inside centuries-old buildings, where square meters are scarce and highly prized. It suits buyers who want to live in, or invest in, Panama's most iconic neighborhood.
Lifestyle
Life in Casco Antiguo is walkable and cultural: plazas, historic churches, art galleries, rooftop bars overlooking the bay and skyline, and internationally recognized chef-driven restaurants. Locals, expats and creatives live side by side. The vibe is bohemian yet refined, with boutiques, specialty coffee and nightlife just steps from your door.
The real estate market
The stock is mostly lofts, boutique apartments and penthouses in restored buildings; supply is limited and price per square meter ranks among the city's highest. It draws foreign buyers, short-term rental investors and second-home owners. Rental demand, both short and long stay, stays steady year-round.
Properties in Casco Antiguo
Frequently asked questions
- Why is the price per square meter in Casco Antiguo so high?
- Casco Antiguo commands some of Panama City's highest prices per square meter because it is a protected UNESCO district with no land left to build on. The restored inventory is finite while demand stays strong.
- Can foreigners buy property in Casco Antiguo?
- Yes. In Panama, foreigners buy property in Casco Antiguo with the same rights as citizens. Non-residents typically finance through a local bank with around 30% down, or purchase in cash; Vaca Group guides you through the entire process.
- Is Casco Antiguo a good area to buy for rental income?
- Casco Antiguo draws both tourist and long-stay rental demand thanks to its cultural appeal. Professional property management typically runs 9%–10% of monthly rent, with a $100/month minimum. Always confirm the building's short-term rental rules before buying.
Nearby neighborhoods