Monaco Ranks as the Most Expensive Place to Buy Property

monaco property for sale

It was recently revealed that Monaco property for sale is the world’s most expensive, with the average price of a home increasing by roughly 180% in just 10 years. Sold properties averaged €4.3 million in 2016, which equates to €41,400/sqm. Narrowly beating Hong Kong to the top sport, property in Monaco shows no sign of dropping in price and continues to attract families from across the world, with its allure of a safe environment, access to fantastic schools, and a close proximity to the Mediterranean Sea. Continue reading

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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