Why is Monaco considered a place to be?
Monaco has always been a thriving spot in Europe. Its high quality of life, security, internationality and luxury surroundings are features that are unique. Located in Europe’s most desired area, Monaco has managed to maintain its image as the place to be.
Monaco is the world’s second smallest (Area: 1.96 km2), but most densely populated state. It is one of the six microstates located in Europe. The Principality of Monaco has always had to adapt its urban planning, construction and real estate to the exiguity of its territory. Real Estate operations are often ambitious, technically sophisticated, and continuously aim at satisfying new needs dictated by demographic and economic growth. They are also inspired by the city’s residents and international visitors aspirations for a better quality of life.
Who buys luxury Real Estate in Monaco and why?
For many years, French and Italian buyers comprised the bulk of foreign demand but in the last decade the Principality has caught the attention of not only other European buyers but also of an increasing number of Russian and CIS, North American, South African, Middle Eastern and Asian buyers.
This type of buyers decide to invest in Monaco not only for its high quality of life but also for the reliability of its Real Estate and advantaging tax system.
Is Monaco a tax heaven?
There is no individual income tax system in the law, except for American, Taiwanese and French citizens.
Convinced by the city’s unique advantages yet? Discover our amazing luxury properties in Monaco.
