Blog on real estate in Monaco
21 Princesse Grace : 21, av. Princesse Grace, Monaco
21 Princesse Grace : 21, av. Princesse Grace Monaco is a remarkable residential building that graces the prime location of Avenue Princesse Grace, directly facing the picturesque Larvotto beaches.
LUXURY REAL ESTATE MARKET AND THE WEALTH GAINS EFFECT IN MONACO
The real estate market of Monaco has been particularly dynamic since the beginning of 2018. As stated in our newsletter from February 2018, there have never been two consecutive years of decrease in the average value of real estate transactions in the principality. The trend of the first half of 2018 is confirming this statement and we believe that the dynamism of the market is currently being supported by the so-called wealth gains effect.
ZOOM ON THE LARVOTTO AND LA ROUSSE DISTRICTS
The Larvotto and La Rousse districts in Monaco are the heart of several urban projects that will profoundly transform the principality. A wise investor will not hesitate to understand that this is the place to invest. With the Odeon Tower, the second tallest building in the Mediterranean, offering the most expensive properties in the world, prices are being pulled up throughout the neighborhood. With two new urban projects under construction that will be completed in the coming years, the momentum of rising prices will continue.
MONACO REAL ESTATE MARKET TREND AND OUTLOOK FOR 2018
Average value of transactions on the Monaco real estate market [2000 - 2017]
Looking at 2017, the average value of transactions on the Monegasque real estate market decreased by 6% compared to 2016. This decline is the result of rising nominal interest rates in the United States and the quantitative easing program in Europe, both followed by rising government bond yields. Investors must therefore support higher interest rates on their investments.
Annonciade, 17, av. de l'Annonciade, MONACO
Nestled in the tranquil La Rousse - Saint Roman district of Monaco, L'Annonciade stands as a symbol of opulence and comfort. With round-the-clock concierge service and easy access to nearby beaches via a public elevator, it offers residents a luxurious seaside retreat. Experience refined living at L'Annonciade Monaco, where every detail exudes sophistication and serenity.
BEAU RIVAGE, PORT, MONACO
Nestled along Avenue d’Ostende, just a stone's throw away from the exhilarating first corner – St Devote, stands the iconic Beau Rivage building in Monaco. This architectural gem not only graces the glamorous streets of Monaco but also holds a unique position on the famed Monaco Grand Prix track, making it a prime destination for enthusiasts of both luxury and motorsports.
Buckingham Palace 11, av. Saint-Michel, Monaco
Nestled in the vibrant center of Monte-Carlo, the Buckingham Palace stands as a symbol of modern elegance. Its 12-story façade graces 11, Avenue Saint-Michel, offering residents easy access to the renowned Casino and its picturesque gardens, making it a coveted address in the heart of Monte-Carlo.
