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Monaco: luxury and stability

09.06.2015
Homesoverseas.ru editorial office
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Monaco – the very name of this state is associated with the concepts of "luxury", "abundance", "stability", these epithets can be described and a thriving real estate market of the Principality, which has a number of features in comparison with other European countries. What opportunities Monaco to foreign buyers that the objects represented on the market... and where is the best place to invest – say our experts.

Geography and not only

The Monaco is a tiny independent state, one of the smallest in the world. Lies on the Ligurian sea and on land borders with France, is about 20 km from nice. The total area of the state can be compared with a relatively small Moscow Park and is only about 2 sq. km, the population Density of Monaco, including because of the tiny size of the country is very high and is about 18 000 inhabitants per sq. km. As it is easy to calculate, the total population of the Principality is about 36 000 people. 47% of them are French, 21% of Monegasques (the indigenous inhabitants of Monaco), 16% of the Italians and 16% of the representatives of the other 125 nationalities. Politically Monaco is closely associated with France under the Treaty of 1918.

The Supreme legislative power of the country lies in the hands of His Serene Highness the Sovereign Prince albert II of Monaco, as well as the National Council, or Parliament. Some other members names can also be bestowed the title Prince of Monaco, however it should not be confused with the title of the Reigning Prince albert II.

How to get

It is most convenient to get to Monaco from Moscow or Saint Petersburg flight to nice and then by bus (about 45 minutes), by train (20-30 minutes), by car (about half an hour) or helicopter (10 minutes). The airline "Aeroflot" and Air France operate regular daily flights to nice and Paris. The flight takes about four hours.

Tiny Principality has a well-developed transport infrastructure. Monaco has rail, road, sea and air. The train station is in the heart of Monte Carlo, and the sea ports in the districts of Fontvieille and La Condamine. Developed helicopter.

Convenient system of elevators and escalators connects the upper and lower parts of the Principality, which enables the car to move through its territory on foot or by bus. For motorists there is a large number of Parking spaces, both underground and above ground.

Monaco visa you can obtain a French visa centers, as representative of the Principality in Russia. Visa centers located in Moscow, St. Petersburg, Yekaterinburg and Nizhny Novgorod.

Restrictions on the import and export of foreign currency, but for tourists from countries outside the EU, worth over ˆ10 000 EUR are subject to Declaration.

Why Monaco?

Location, climate, history and the economic status of the Principality as if specially combined together to attract success and prosperity. This concentration of the "rich and famous", two square kilometers of area, which occupies the country, perhaps, to be found nowhere else in the world. This also applies to the real estate market, which is currently in full bloom and presents a very interesting object, the cost per square meter which may reach nearly ˆ100 000.

The beautiful coast of the Ligurian sea, the proximity of the azure Coast of France, mild Mediterranean climate create the most favorable atmosphere for living and recreation of the powerful. And the status of the "world financial center", guaranteed Bank secrecy, low taxes for foreigners and the lack of income tax for residents annually in Monaco attract billions of dollars. The economic laws of the Principality aimed at attracting foreign capital by providing the above preferential tax treatment.

There are about 800 international companies and banks 50. Opened two major commercial centre and home to countless famous boutiques. Their usual working hours: from 9.00 to 12.00 and from 14.00 to 19.00.

As for the tourism industry, the Monaco is also possible to apply the epithet "high-end": a five-star luxury hotels, cruises, Michelin restaurants and social events are represented in the Principality in all its glory.

Monaco – a cultural center with many attractions. All year round desiproject event worthy of the stars, including "Grand Prix Monaco", "Formula 1". And its prestigious status of the Principality is largely won because of the casino "Monte Carlo", the first gambling house in Europe and one of the oldest gambling establishments in the world. Only in the Principality today opened five casinos.

In Monaco are the most prestigious educational institutions, both public and private. This and kindergartens, and primary and secondary schools, a Lyceum (with specialization "Tourism") and one higher school – international University of Monaco. The diversity of choice and high level of education in Monaco attracts wealthy families with children from all over the world.

Medical care in Monaco is considered one of the most highly qualified in Europe and around the world. The hospital is equipped with the most modern equipment for diagnosis and treatment of various diseases.

The crime rate in Monaco is one of the lowest in Europe: the country has a strong system of police surveillance.

The situation on the real estate market

Monaco is the most expensive housing market in the world. Of course, in Hong Kong or London, you can also find objects with the "exorbitant" cost per square meter, but average prices in Monaco, there is almost nowhere on the planet. In addition, the cost of housing here is constantly increasing, and square meter may be estimated at ˆ80 000 and above. Tiny Principality is almost entirely built-up and vacant plots for building were left. Therefore, the construction of new projects is carried out on the site of the old buildings.

According to the research company Savills, 2014 was a great year for Monaco the best in the history of real estate sales when the total volume of transactions reached ˆ2.4 billion, exceeding the indicators of the "peak" of 2007. Its role in the prosperity of the market, by the way, was played by the Russians, who hurriedly invested in a premium housing principalities during the Russian financial crisis. The demand for housing Monaco's stable – and at present already considerably exceeds supply.

Purchasing real estate in Monaco is a profitable investment, which only strengthens and multiplies its value. The foreigners buy real estate in the more quiet districts of Monaco, and as an investment popular one-, two-bedroom apartment, preferably with sea views and direct access to the beach. Having a swimming pool is always a plus. Plus, Monaco has no property taxes and the glamour.

Areas and investment

Until 1917 in Monaco, there were three communes, but then they were merged and today the Duchy consists of one district and 10 districts.

Monte Carlo (Monte Carlo). Here is the famous casino "Monte Carlo", a resort area, the Spa baths and hotels Hotel de Paris, Hermitage, Metropol, shopping centre Metropol and boutiques. As you can guess, this is one of the most expensive places in the Principality. Monte Carlo is a popular place for Russian investors. Here is the living residence with full infrastructure, a Concierge service, heated pools, etc.

The district of San Roman (Saint-Romain) , or La Rousse (La Rousse). The prices here are around ˆ30 000-ˆ40 000 / 1 sq. m. currently in San Novel built a tower Tour Odeon, which will house some of the most expensive apartments in the world (thus, the cost of the penthouse is estimated at ˆ300 million). Luxurious and modern, this residential complex will be unique even for Monaco and beyond with exclusive properties will offer its residents a pool, Lounges, stores, gym and much more.

A quarter of Larvotto (Larvotto) – the picturesque resort part of the Principality's magnificent waterfront, where there are "rave" places known in Monaco and on the Cote d'azur. The most Eastern point of the Principality. Unfortunately, the apartment on the first line (Àvenue Princesse Grace) is not sold, the residences here owned by the family Pastor and rented. Pictures of Larvotto, on average, amount to ˆ18 000-ˆ30 000 per square meter, with the exception of exclusive offerings, when the cost of housing may increase twofold or higher. Many rezidencii sea views, swimming pools. In the near future in Larvotto will erect a new multi-storey project, so some of the residences located behind it, will lose view of the sea.

La Condamine (La Condamine). This is one of the oldest parts of the Principality, located around the port Hercule (Hercule). Average property prices of ˆ30 000 / 1 sq. m. and may vary depending on residence type. From the Windows of houses that are located on the waterfront, offering beautiful views of the port, but can be noisy due to passing below route 1 Boulevard Alberter. From here starts the Grand Prix "Formula 1", which makes the apartment with a good view of the track extremely profitable investment for their owners.

Monaco-Ville (Monaco Ville) or, as it is called Monaco, Le Rocher. Here is the Prince's Palace, and the buildings are breathtaking views of the Principality and its environs. The area of Monaco is one of the most budget – as much as this concept can be applied on the real estate of Monaco. This is because the area is some distance from the city center, and houses here are quite old buildings with small apartments. This area is mostly interesting for letting or renting apartment for a few months.

Fontvieille (Fontvielle). The most Western quarter of Monaco, built in 1971 on the water. Here is the port of Fontvieille. It's quite neighborhood, ideal for permanent living, with new houses, hospitals and attractions. Because of the distance from the centre prices range from ˆ20 000 to ˆ60 000 / 1 sq. m. of Russian buyers prefer to buy a spacious apartment in modern residence overlooking the sea, Parking place and swimming pool.

The "Golden square" (Carre D'or) is the Central part of Monaco, the famous casino environment. Property prices here can reach ˆ100 000, but in spite of this housing is in great demand, particularly apartments in the residences overlooking the sea and pool (such proposals very little). Soon in the heart of the Golden square will be built housing and entertainment complex, some of which apartments will open views of the sea. Because of this, it will lose apartments of a number of existing residences.

Saint-Michel (Saint Michel), Moneghetti (Moneghetti), La If (La Colle), Le Revoir (Les R

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Lana
It would be interesting to know this information when monacci equip their apartments and living and acquire carpets-mats, such as paintings, murals, glass and so on, they prefer only local products of mass demand, or they are interested in the piece is the author's design of the product ?
10 of Jun 2015 12:06:14
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