Monaco remains the most expensive real estate market in the world - in popular areas prices for some apartments reach 100,000 euros per square meter.
Although over the past year most of the transactions for the sale of real estate did not exceed the amount of 5 million euros, over the past decade the number of purchases in the "5 million euros plus" segment almost doubled, and in 2017 it was 23% of total sales.
However, PropertyWire reports that recently the most noticeable trend in the real estate market in Monaco has been the growing demand for new buildings from both local residents and foreign buyers from all over the world. A big plus for investors in this segment of the market is the lack of a tax on income from the sale of real estate, which contributes to its liquidity.
In 2017, buyers from New Britain, Italy, France, Switzerland, India and the Middle East made deals on buying new buildings. At present, investors from the USA and Scandinavia are of great interest. According to experts, in the next 15 years, demand in this segment will only increase.
HomesOverseas.ru