Friday December 6, 2019

A place in the sun for the super-rich

If watching today’s Monaco Grand Prix gets you thinking about acquiring a bolthole in the principality, you’ll need very deep pockets, writes Fabio Benedetti Valentini

26th May, 2019
Monte Carlo’s F1 racetrack snaking around the marina: Monaco’s property prices are not for the faint-hearted Picture: Getty

It seems like everybody wants to move to Monaco right now - everybody who is super rich, that is.

Property in the sunny principality on France’s Mediterranean coast is experiencing a surge in demand. Last year, prices for second-hand homes rose to €48,800 per square metre, an 18.1 per cent increase from 2017.

The value of total transactions came to €2.7 billion, according to the city-state’s statistics office.

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