Panama City is the main location of the province of Panama, and it is also the capital of the country. Most of the population of the country resides in this province, as well as the most diverse range of activities and places of interest.
Panama City is situated on the Pacific Coast and is the principle commercial center with the most modern and successful International Banking Center in Latin America, offering investors over 100 Banks from more than 32 countries around the world. The city also has a sophisticated technical infrastructure and fiber optics, high-en and duty-free shopping (in nearby Colon City), casinos, nightlife, and numerous sporting activities such as golfing, world-class deep-sea and lake fishing, and bird watching, in and around the city.
Panama City has become a cosmopolitan modern metropolis, with many rise buildings overlooking the ocean and the Bay of Panama in exclusive residential areas, such as: Balboa Avenue, Costa del Este, Marbella, Punta Paitilla, Coco del Mar, Punta Pacifica and San Francisco -- all of these areas offer a good range of apartments and condominiums for sale.
Panama City has a rich history that extends back to the 16th century. The original Panama City (known today as Old Panama) was sacked by the infamous pirate, Henry Morgan. The second Panama City of the Spanish colonial days is visible as the section of the city known as Casco Viejo.
