Monaco Starts a €2 billion Project to Build More Luxury Housing

Those interested in buying or renting luxury real estate in Monaco have exciting opportunities on the horizon, with the recent commencement of a €2 billion project of land reclamation from the sea. The Portier Cove development will create a peninsula with 15 acres of new land for luxury apartments and green public spaces.

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New €50 Million Architectural Project Approved in Monaco

The skyline of Monaco is set for some more change. A dramatic new project has recently been unanimously approved by the communal councillors. The privately managed project is controversial because it involves the demolition of four historic Monaco properties to be replaced by a complex called L’Ecrin de Malachite. The investor is Russian oligarch Vladimir Melnichenko, who initially applied for permission to undertake the game-changing project in December 2016.

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Opening the Door: Monaco’s Real Estate Market

The Monegasque Property Market

It’s widely known that the wealth of luxury real estate in Monaco attracts the most affluent buyers from all over the world. There’s certainly no sign that this is set to change in the near future, as the region has so much to attract the super wealthy and those accustomed to the most luxurious of lifestyles. A centre of commerce and offering everything even the most discerning of clients could ask for in terms of work and play, it’s earned solid status as a world-class property hotspot.

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6 of the Best Gardeners in Monaco

Monaco’s idyllic location on the French Riviera coupled with its sunny climate means that gardens thrive. The tiny city-state was historically a hub of agriculture where fruits and vegetables were grown in abundance and then transported to surrounding towns from the iconic Port Hercule. The Jardin Exotique is a wonderful reminder of this bygone time and Prince Albert is a keen gardener and proponent of biodiversity, a trait he inherited from both his parents, Prince Rainier and Princess Grace.

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