Monaco has been the most expensive real estate market in the world for four consecutive years. The average property price has increased by 6% to 4.5 mln EUR in 2017. Shortage of new residential properties is being felt within all segments of the market and is pushing property values to new levels. Can this value growth be sustained and should real estate investors be attracted to the property market in Monaco amid the latest global,[…]
The Monaco property market is unique in many ways when compared to other luxury international real estate markets. One of the unique characteristics is the size of the Principality, which severely limits the potential for new builds. With approximately 2 square kilometres of land, Monaco simply has no room to expand the metropolitan area. It has to grow within its current borders with France and Italy.[…]
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