Casco Viejo

Panama City's UNESCO-listed colonial Old Town, boutique hotels, cobblestoned streets, premium short-let, and Panama's most-photographed quarter.

Updated May 19, 20265 min read

About Casco Viejo

Casco Viejo (Casco Antiguo) is Panama City's UNESCO-listed colonial Old Town, a 16th-century walled district on a peninsula that has been transformed over the past 20 years from a derelict slum into Panama's most desirable boutique-tourism quarter. The neighborhood is anchored by Plaza de la Independencia, the Presidential Palace, Casco's iconic plazas, and rooftop bars with Panama City skyline views. Residential prices in restored buildings run USD 3,000-6,500 per square metre, among Panama's highest, with gross yields of 7-12% in well-managed short-lets. Heritage protection limits new construction, sustaining premium pricing. Lifestyle is exceptional: walkable cobblestone streets, dozens of restaurants and rooftop bars, boutique hotels, museums, and a vibrant arts scene. Tourist density is significant but the lifestyle premium is real.

Location

Casco Viejo in Panama City, Panama Province, Panama

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