Monaco real estate has been highly sought after with the world’s elite for decades, offering a fantastic return on investment and a fabulous lifestyle for those who choose to reside or visit the principality. If you are considering investing in Monaco real estate, here’s our guide to what makes Monaco such an incredible destination and why it is one of the world’s most sought after destinations with VIPS, celebrities, and the world’s wealthiest.
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Favourable tax system
One of the main reasons that the world’s wealthiest opt to call Monaco home, and therefore invest in Monaco real estate, is the principality’s favourable tax system. Indeed, Monaco is considered a tax haven due to its low taxes. In Monaco, there are no property taxes, income taxes, capital gains taxes, or net wealth taxes. A person must be considered a resident of Monaco to benefit from the city state’s favourable tax system, which means residing in the principality for a minimum of six months and a day.
Superb selection of luxury Monaco real estate
For those in search of a real estate investment, they will find a stunning array of Monaco real estate for sale. From convenient Monaco studio apartments to out-of-this-world penthouses and villas, Monaco offers it all. Some of the principality’s most iconic developments include Tour Odeon, a luxury residence that towers above the Monaco skyline, the beautiful L’Exotique which is surrounded by lush tropical foliage, and Le Stella, which features an iconic ribbon-like façade. Of course, it would be remiss not to mention Portier Cove – Mareterra – a soon-to-completed development that is anticipated to set a new benchmark for luxury Monaco real estate.
Excellent return on investment
Historically high property investment yields have resulted in an excellent return on investment for those who invested in Monaco real estate. Indeed, the cost of Monaco real estate has risen dramatically in the last two decades as demand has typically outstripped supply. Prime areas include Monte-Carlo, Larvotto, Fontvieille, Monaco-Ville, and La Condamine. And, with property prices only likely to continue on their upward trend, now is the time to make a real estate investment in Monaco.
Lavish lifestyle and world-class facilities
As you would expect in such a sought-after destination, a lavish lifestyle is all part of living in Monaco. The city state’s residents enjoy award-winning restaurants, stunning resorts, and shopping courtesy of some of the world’s most coveted brands. Of course, Monaco is also home to some of the world’s most notable events, including the Monaco Grand Prix and Monaco Yacht Show. Additionally, Monaco boasts world-class facilities, including fabulous healthcare and a first-rate education system. And, of course, the best way to enjoy everything that Monaco has to offer is by investing in your very own piece of Monaco real estate.
Fabulous year-round weather and incredible location
Perched along the glamorous French Riviera and with far-reaching views of the azure-blue Mediterranean Sea, Monaco has a wonderful year-round Mediterranean climate. The weather is generally warm year-round. The hottest months are typically July and August, with temperatures reaching up to 25C, with the coolest being in January and February when temperatures average around 10C. Year-round sunshine, coupled with a more than agreeable Mediterranean lifestyle, has helped ensure Monaco real estate is always in high demand.
Crime free, safe environment
Not only does Monaco offer an economically and politically stable place to invest, but it is also one of the safest countries in the world to call home. Indeed, safety is a crucial reason why the world’s wealthiest opt to invest in Monaco real estate and call the principality home. An armed national police force maintains peace and order in Monaco, while a 24/7 state-of-the-art video surveillance system continuously monitors every single area of the principality.