Buying property in Monaco can be an expensive but ultimately profitable venture. Its excellent transport links to the rest of Europe, sunny climate and advantageous tax system attract expats. Monaco residents benefit from a prime position in the heart of the French Riviera but with an independent government administration. Monaco luxury real estate is among the most highly-sought out in the region. The Principality is popular with families, couples and individuals, who will find a wide variety of properties to choose from.
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The city-state of Monaco comprises only two square kilometres, yet its size belies its huge international profile. It is not only one of the most beautiful places in the Mediterranean, but it is also one of the most exclusive. Bursting with designer boutiques, Michelin restaurants and superyachts, Monaco luxury real estate is always in demand. Each district of Monaco has its own distinct personality, from the glamorous Monte-Carlo to the charming residential quarter of Monaco-Ville. Buying property in Monaco guarantees a fast-track to luxurious living and panoramic sea views.
Monaco luxury real estate is truly unique and exclusive. The tallest building in Monaco, the Odeon Tower is home to the most expensive apartment in the world. The “Sky Penthouse” features dance floor and a rooftop cabana with an infinity pool and water slide. The apartment is pure luxury and located close to all the upscale eateries and shops of Monte-Carlo. However, this envious lifestyle is available on a smaller but still luxurious scale across the Principality, and those who buy property in Monaco benefit from the same locale with access to landmarks such as the Casino, Port Hercule, Hotel de Paris and the Jardin Exotique. The natural geographical borders of the sea and craggy rock faces mean that most apartments are built skywards, offering fantastic views from terraces, balconies and loggias.
Buying property in Monaco is a sound investment for those who want to put themselves in Europe’s most exclusive coastal enclave. The generous tax system, beautiful scenery and connections to the rest of the world, make it ideal for business and pleasure. It has excellent international schools and an exemplary safety record. The Principality hosts a wide range of prestigious events including the F1 Grand Prix, Rolex Tennis Masters and Monaco Yacht Show. It is the perfect lifestyle for nature lovers and fitness fanatics since it perches on the Mediterranean offering access to the beaches of the Riviera, but is also close to the Alps for winter sports. These factors, combined with the fitness centres and sports facilities such as the Monte-Carlo Country Club, make buying Monaco luxury real estate a highly desirable prospect.
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To find out more information on luxury real estate in Monaco, contact a member of the La Costa Properties Monaco team.