Blog on the real estate market of Monaco - MONACO PROPERTIES
Zoom on the Larvotto and la Rousse districts
The Larvotto and La Rousse districts in Monaco are through several urban projects being deeply transformed. A well advised investor would not need too long to understand that this is the place to put your money in. With the Odéon tower, second highest building on the Mediterranean, offering the world most expensive properties, prices are being pulled into the high. And momentum is expected to keep on going, with two new urban projects that are under construction and will be both finished in the coming years:
Testimonio II & the Giroflée tower
This great project, which will be finished by 2022 will boost the attractiveness of the eastern part of Monaco. The project comprises a new tower of 26 floors, an international school, a kindergarten and a large car parking. The new building will be ideally located between the beaches of the Larvotto, The great Monte Carlo Bay and the Country club.
Anse du Portier
Monaco has a great history of offshore urban projects, but the Anse du Portier will definitely be the most important one. The project that should be completed by 2025, will create an area of six new hectares of land over the sea, enabling the development of new places to live in Monaco. 60.000m² of residential areas, a park, a seafront promenade and a marina will be constructed and this while respecting the marine environment.
The Odéon Tower
The Odeon tower is with 170 meters the second highest building on the Europe’s Mediterranean coast. The tower is mainly composed of luxury apartments with swimming pools and panoramic view on the sea. It also comprises a business center with several renewed companies having their office there. In 2016 the tower has been internationally remarked for offering the most expensive apartments worldwide.
Monaco Properties is ideally located at the border between the La Rousse and Larvotto district and if you wish more information on the new construction projects or to sell/buy properties in Monaco, we would more than happy to help you.