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Spotlight on Monaco 2017

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Spotlight on Monaco 2017

Monaco is home to world-class sporting and entertainment events, successful sports teams and a royal family. With a population of 38,400, it is a big country in miniature. Spoken about in the same breath as the premier world cities, Monaco punches well above its weight on the global stage.

The Principality is a low-tax centre of commerce with all the characteristics of a leisure destination. This makes it very appealing to high-net-worth individuals as a place to live, do business and play.

At a time when prices have adjusted in the prime residential markets of many world cities, prices in Monaco have continued to rise. In 2016, average sales prices reached a record high of €41,400psm, overtaking Hong Kong to become the most expensive residential real estate in the world.

Source : Savills

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