Property for sale in Monaco
The high purchasing power of even the few citizens residing in the Principality makes the city-state overlooking the Mediterranean coast an ideal destination for foreigner companies that market medium-high quality products.
Principality of Monaco, has a territory which extends over just over 2 sq. Km, with a population of about 38,000 residents. Since its small geographic and demographic dimensions are inversely proportional to its enormous ability to project a positive image in the world, the Principality has become in fact a prestigious showcase of exclusive products in the luxury sector.
There are many interesting property for sale in Monaco.
Monaco's economy enjoys excellent health. For almost seven years now the state budget has been in surplus, thanks to careful management of the economy that is increasingly based on the revenue generated by the value added tax (VAT), the only tax that knows the Principality. The European Union has recognized the current virtuous phase of the Monegasque economy, bypassing Monaco from all lists of tax havens, which has led international investors to choose the Principality and attract new foreign residents.
In the luxury real estate market, the Principality of Monaco is confirmed for the fourth consecutive time at the top of the most expensive houses in the world and in its territory you can find many luxury property for sale in Monaco.
Owning an apartment does not only serve as a status symbol, but also offers practical advantages. Strategic access to France and northern Italy and with a simple 5 minute helicopter flight to Nice International Airport (the third busiest airport in France), makes Monaco an attractive residence for the so-called "global trotters".
In addition, a domicile in the Principality may allow the landlord to obtain residence in Monaco and be in close contact with other influential businessmen from all over the world. The size of the Principality also strongly limits the number of new projects, which in turn adds resilience to the value of properties for sale in Monaco.
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