A first glance at property prices in Monaco will make you laugh or cry.
Fancy a nice view of the harbour from your spacious 2 bedroom apartment? You’ll need to be able to write a cheque for €20 to €30 million as a starting point. The smallest studio will be pushing €2 million and the average price across all transactions is in the €4.5 million to €6.5 million range.
It all comes down to economics 101,[…]
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,[…]