Property for sale in Monaco

1/ Capital: Monaco

2/ Country: Monaco

Is a small sovereign city-state located in Western Europe. The territory lies on the northern coast of the Mediterranean Sea and is completely enclosed by France. Monaco is often regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries, making up a majority of 84%

3/ Property for sale in Monaco

The Principality of Monaco is an independent sovereign state set in the heart of Europe, on the “Côte d’Azur” between Cannes and the Italian border. The Principality of Monaco has achieved a reputation for being a serious business centre and ideal place of residence for families wishing to live in a very safe and accessible European location with sophisticated facilities, a temperate climate and favorable tax system.

The Principality is a prestige area and, as such, Monaco property changes hands for considerable sums. There are few bargains to be sought as can be well understood from the density and quality of much of the extant accommodation. However, its tax haven status ensures the market remains buoyant and prices stable so investment in Monaco property continues to be attractive.

Much of the available property for sale in Monaco and Monte Carlo is apartments, from small studios to large luxury triplexes and penthouses. Those overlooking the harbor and Formula 1 circuit are naturally more valuable.

Prices for property for sale in Monaco could rise steeply in the next couple of years, and Europe's favorite tax haven could be out of reach for some millionaires.

Different recent surveys have all been good indicators for Monaco, with more people likely to apply for residency and buy property for sale in Monaco. Buyers from the UK in particular are expected to rise in number.