Real Estate
A Guide to Real Estate in the World’s Most Expensive Market
There are no bargains to be had in the Mediterranean hot spot of Monaco. But the taxes are so, so low that the global wealthy are flocking there anyway.
Source: Christie’s International Real Estate
It seems like everybody wants to move to Monaco right now—everybody who is super rich, that is.
Real estate in the sunny principality on France’s Mediterranean coast is experiencing a surge in demand. Last year, home prices in the city-state’s secondary market rose to €48,800 per square meter ($4,560 per square foot), an 18.1% increase from 2017. The value of total transactions came to €2.7 billion, according to Monaco’s statistics office.