Monaco Real Estate News
Beyond Price Tags: Understanding the Complexities of Property Valuation
Discover the best methods for property valuation in Monaco. Gain transparency and accuracy with MONACO PROPERTIES' adaptive appraisal techniques. Make informed decisions in the high-value real estate market. Contact us for a free property appraisal.
What is the most expensive estate in Monaco?
The most expensive apartment in the world: Tour Odéon penthouse: Le Tour Odéon penthouse, located in the upscale La Rousse neighborhood of Monaco, is widely considered to be the most expensive apartment in the world. With an estimated value of 335 million euros, the penthouse is a symbol of luxury and exclusivity in the world of high-end real estate. The property even boasts a mini nightclub that connects to an infinity pool via a water slide.
Invest in Monaco
Investing in Monaco provides an opportunity to benefit from its strategic location and unique political and economic environment. The Principality offers a luxurious lifestyle and efficient administrative infrastructures in a safe and secure environment. With a favorable fiscal regime and strong legal protections for investors, Monaco is an attractive location for investment. It also provides an ideal living environment for highly qualified professionals and offers a banking sector capable of managing international assets and comprehensive services. With a booming real estate activity, a diversified economy with service sector activities and value-added industries, Monaco provides numerous investment opportunities. The financial activities are also dense, making it a paradise for those seeking a prestigious and secure lifestyle.
Why invest in monaco?
Monaco is an attractive destination for investment due to several reasons. Firstly, the tax advantages in Monaco are significant for residents, with no income tax, wealth tax, or capital gains tax. Secondly, the country has a stable constitutional monarchy and a business-friendly government, providing investors with a sense of security and predictability.
NEW FONTVIEILLE SHOPPING CENTER IN MONACO
Major works are planned for the Fontvieille district in Monaco. The complete reconstruction of the Fontvieille shopping center is expected in 2027. This large-scale real estate project was entrusted to the Socri Reim group by the Principality of Monaco.
OFF-MARKET PROPERTIES IN MONACO
Many of the world's most valuable properties are sold off-market . An off-market property offers a unique opportunity to acquire a magnificent property that is highly sought after. Many of Monaco's most exclusive properties are sold off-market to buyers looking for something unique and extraordinary. The professionals at Monaco Properties illustrate how they can help you find an off-market apartment in Monaco.
Off-market properties in Monaco are frequently sold by the richest people in the world who do not want to publicize the fact that their property is for sale. Concerns about privacy and security are common motivations for wanting to sell off-market. Instead of using more traditional public marketing techniques, the seller will work with a trusted real estate professional and rely on the agent's relationships to find interested and qualified buyers.
NEW LARVOTTO BEACH: TRANSFORMING THE AREA
The new project unites the Larvotto both at waterfront level and at the level of the Promenade-Princess Grace Avenue, resulting in a public space of 15,000 m2. In addition to the 10,000 m2 of restaurants, cafes and shops, the iconic Blue School occupies a prominent place with additional functions for children, creating a dynamic environment that will attract people all year round. The avenue is surrounded by Mediterranean umbrella pine vegetation. The Director of Urban Development expressly stressed that the rehabilitation work should aim to "reclaim the public space" of this famous place in the Principality. As a result, there is a new cycle path, over 130 trees for shade and a range of amenities such as a nursery, gym and diving school. Thanks to the restoration of the site for ease of access, people with reduced mobility and disabilities can now enjoy the beach.
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.
