Monaco is a dwarf state located in the south of Europe, on the Mediterranean coast. On land, the state is surrounded by France on all sides. It is simultaneously among the smallest and most densely populated countries in the world. Monaco is located near the French Riviera, just twenty kilometers from Nice. The length of the coastline of the principality is only about 4 kilometers. Currently, the population of Monaco is just over 31,000 permanent residents. At the same time, the population density is more than 18,000 people per square kilometer. One of the significant features of the population of Monaco is the highest average age of residents in the world. It is 55 years. At the same time, the average life expectancy of a citizen of Monaco is also the highest in the world - 89 years. Monaco is a multinational state, where the French, Italians, English and the indigenous population of this territory - the Monegasques - live side by side. Monaco is known throughout the world for its Monte Carlo Casino and the Monaco Grand Prix competition held here.
Real estate in Monaco is mainly represented by apartments in residential complexes. There are several developers in Monaco, which are well-known construction companies. The principality has a significant number of commercial real estate properties. Several hundred real estate properties are sold in Monaco every year. New buildings account for about 35% of all real estate sales, the remaining share is secondary real estate.
Every year, the Principality of Monaco is visited by more than 500,000 tourists. Most of them are VIP tourists, so the tourism industry, as well as the real estate market, are focused on the most demanding investors and lovers of luxury real estate. Currently, the cost per square meter of real estate has reached €50,000 per square meter, and the total amount of transactions has exceeded three and a half billion euros. The rental market in Monaco is the most expensive in the world, as the average rent per square meter of real estate here is €110 per month. The total area of residential premises is approximately 20,000. More than 85% of jobs in Monaco are in the service sector. Most of the jobs are occupied by specialists who have come from other countries. The real estate market in Monaco is characterized by high prices, but at the same time it allows not only to preserve, but also to increase capital, as the cost of real estate here is steadily growing. Investors planning to buy real estate in Monaco, in most cases, choose not only investment-attractive real estate, but also a house in which it is pleasant to live themselves. The small state is one of the best places to live, and people who buy real estate here choose not only exclusive real estate, but also comfort, safety and a high level of the environment.
On our website you will find ratings and reviews of Monaco developers left by real estate buyers. Studying reviews will allow you to form your own opinion about the advantages and disadvantages of different construction companies, terms, quality of construction, quality of finishing of real estate objects. This will help to make an informed decision about investments in projects of one or several developers.
To make a choice when buying Monaco real estate, you can check out the rating of Monaco real estate developers. And if you are interested in a specific location, then study the reviews of real estate agencies.