Inside-View-Monaco-2017-5094.Pdf
INSIDE VIEW MONACO 2017 Overview Monaco market overview There are few places in the any more”, yet that is precisely UHNWIs expect. These properties world where one would what Monaco does, with its only offer the best value in Monaco, but consider buying off-plan opportunity for expansion to extend the price must be right to take into property eight years in into the sea. account the refurbishment costs, advance, but Monaco is far effort and time required to bring The latest 2bn land reclamation from typical. € them up to scratch. programme will see six hectares This glamorous pocket of the Côte of new land created from Sicilian Time is on the side of today’s d’Azur is unwaveringly desirable, sand. On it will sit 120 new high-end buyers in Monaco, however, with thanks to the superlative location, apartments whose prices will be the average age now 35-55, lifestyle and fiscal advantages it in excess of €100,000 per sq m – compared with the 55-60 plus offers. But it also has a minuscule which ultra prime stock in Monaco demographic of a decade or supply of new property and a limited is already achieving. Of those 120 so ago. They make the most of amount of land, which means that units, 50 have already been retained the good schools, the growing Monaco is a place where you need to by the developer, leaving just 70 to number of great restaurants and plan ahead. sell with several years to go until the year-round buzz. As a result, completion.
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