Monaco real estate has recently been the subject of some significant changes in property law. Specifically, Law No. 1.448 on private international law was modified in June 2017 to align Monaco’s inheritance law with the European Union’s Regulation 650/2012. This innovative law was established to simplify and unify the international private law, adapting to the increasing internationalisation of families and their assets. The laws of succession work very differently now, but they make the Principality an even more attractive prospect for international investors looking at Monaco property for sale.
The focus of the property world will be on the French Riviera’s festival town of Cannes from Tuesday 13 March to Friday 16 March when it hosts MIPIM, the industry’s leading real estate exhibition and conference.