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Real Estate in Monaco
Real estate in Monaco can become a successful investment in a stable economy with a guarantee of preservation and growth of capital. The main characteristics of the market are high liquidity of properties as well as the taxation system (more precisely, the lowest possible taxes). A wonderful climate, azure sea, high standards of living, favorable conditions for doing business are additional positive factors that attract wealthy buyers from all over the world.
It is worth noting that the main offer on the Monaco real estate market is apartments. The territory of the state is only 2 square kilometers and there’s just not enough space for villas. Mansions do appear on the market rarely, but, in any case, they are more like city-type houses almost without plots of land.
The cost of Monaco properties in many ways depends on the area and the distance from the coast. Moreover, the level of the residential complex - quality, location, prestige, additional services – have a strong impact on the price. And, of course, the apartment with views will be significantly more expensive than analogs without a view. The cost per square meter can vary from 30.000 to 100.000 EUR. Most offers start from 5.500.000 EUR per apartment 100-150 square meters and can reach 30.000.000 EUR. However, despite such a high cost, the demand for the purchase of real estate in Monaco is consistently high and far exceeds the supply. Real estate properties are sold very quickly, and therefore often do not even appear on the open market.