Casco Viejo and Real Estate in Panamá
A beautiful colonial place, Casco Viejo (also known as San Felipe, or Casco Antiguo) used to be in the early years of past century one of the most beautiful neighborhoods in the city of Panamá. It was constructed after the city called Old Panamá was burned by pirates.
Casco Viejo has beautiful Catholic churches, including the pure gold altar of San Jose Church (St. Joseph), the Presidential Palace, an outstanding and beautiful National Theater and many other government and private buildings.
The streets in Casco Viejo are very narrow and made out of bricks, very similar to San Juan, Puerto Rico. It has little coffee shops and many restaurants, offering international cuisine.
One place that is a "must see" inside El Casco Viejo is "the Bóvedas", which has a beautiful view to the entrance to the Panamá Canal and the city of Panamá.
As to the prices of real estate in Casco Viejo, they vary quite a bit, because the area is a tourist place, with many properties that must be renovated, but when they are renovated, they must follow the colonial architecture.
Properties in Panamá in general sell from US $120,000 inside the city in general for condos, and houses could go from $250,000 and up. The better offer are condos, many of them, with an ocean view.
The cost for renting goes from $800 per month for an apartment to $5,000 per month for single houses located in the best neighborhoods.
With the new "Cinta Costera", a beautiful boulevard, very close to Casco Viejo, the area now has a new attraction.