What is the price trend for property in Monaco?
The price trend for property in Monaco has been consistently upward over the past decade. Despite fluctuations in the global economy, the high demand for property in Monaco, combined with the limited availability of land, has led to a steady increase in property prices.
According to the latest reports, property prices in Monaco have increased by an average of 9% per year since 2010. This means that the average price for a property in Monaco has more than doubled over the past decade.
The COVID-19 pandemic did not appear to have a significant impact on the property market in Monaco. In fact, many buyers have continued to invest in Monaco real estate, as the city-state is seen as a safe haven for investors and offers favorable tax conditions.
In addition, Monaco is currently undergoing several large-scale development projects, which is expected to further drive up property prices. For example, the Portier Cove project will create a new, eco-friendly district in Monaco, complete with luxury apartments, offices, and public spaces.
Overall, the trend for property prices in Monaco is expected to continue to increase in the coming years, although there may be some fluctuations due to global economic conditions. Despite the high prices, many people are still attracted to the unique lifestyle and favorable tax conditions offered by Monaco, making it a highly desirable destination for those looking for a luxurious and exclusive place to call home.
For further information, please contact MONACO PROPERTIES:
Tel. +377 97 97 33 97
Whatsapp : +33 6 40 62 65 76
Email : info@mpmonaco.com
