Why the world’s richest opt for a Monaco real estate investment
Monaco is one of the world’s most sought-after destinations with the world’s wealthiest individuals, with many opting to invest in real estate. There are multiple reasons for investing in the Principality of Monaco, from its robust economic landscape to its world-class infrastructure. If you want to learn more about the reasons for making a Monaco real estate investment, read on.
1 – A robust real estate investment
Like many of the world’s most sought-after super-prime real estate markets, a Monaco real estate investment ensures healthy returns. According to the latest Real Estate Observatory Report, Monaco real estate has increased by 75% in the past decade, providing investors with an incredible return on investment. While prices have cooled over the past couple of years due to economic volatility, real estate experts predict that Monaco prices will continue to rise, fuelled by increasing demand and limited landmass.
2 – Sought-after location
Monaco’s sought-after location in the heart of Europe further adds to the principality’s appeal, and is another reason wealthy individuals opt to make a Monaco real estate investment. Located along the stunning French Riviera, Monaco residents are just a short drive away from the Nice Cote d’Azur Airport, which offers direct flights throughout Europe and the Middle East. The principality’s enviable location means it also benefits from a wonderful year-round climate, with sun-drenched summers and balmy winter days. Enjoy the Mediterranean Sea and some of the world’s most exclusive beach clubs in the summer, then in the winter, head to chic ski resorts in the French Alps.
3 – Light taxation
Monaco’s light taxation offers significant benefits to wealthy investors seeking to reside or set up a business in the principality. Residents benefit from zero income tax (except for French citizens) and low business tax rates. Residents also enjoy no property, wealth, or capital gains taxes. All of these Monaco tax benefits help ensure that the principality boasts an economic advantage for businesses and residents over other jurisdictions.
4 – Political and economic stability
Monaco has a robust and diversified economy, providing peace of mind when making a Monaco real estate investment. The city-state’s advanced financial services, which have sealed the principality’s spot as a centre of international business, make it a great place to do business. Economic drivers include travel, trade and commerce, and the financial sector, ensuring a vibrant economy. Robust export and import sectors add further kudos to Monaco’s economy.
While not officially a member of the EU, Monaco has bilateral and reciprocal agreements with France. This means that European directives that apply in France also apply indirectly in Monaco, providing enhanced economic stability.
Finally, Monaco’s political stability provides peace of mind in a volatile world. Monaco is a constitutional monarchy headed up by Prince Albert II, with legislative power exercised jointly by a freely elected parliament and Prince Albert.
5 – An infrastructure designed for the future
The principality is the first country in the world to roll out an advanced 5G network, ensuring residents and businesses remain ahead of the digital curve. The roll-out is part of Monaco’s ambitious plans to be one of the most technologically advanced countries in the world and a hyperconnected city of the future. 5G is 10 times quicker than 4G, offering multiple business benefits across various sectors.
Not only is Monaco’s infrastructure designed to ensure it is technologically advanced, but it also seeks to be one of the most sustainable countries on the planet – opening a new economic pillar to eco-minded investors. The country is already well on its way to meeting its carbon-neutral aim in 2050, with state-of-the-art sustainable technology in place, including a recent trial for self-driving vehicles.
6 – Luxury Monaco property that caters to wealthy individuals
For those wishing to make a Monaco real estate investment, there is no shortage of luxury real estate in Monaco. Developers are meeting the needs of the world’s wealthiest investors with ultra-luxurious prime real estate designed to meet the lifestyles and consumer habits of the world’s wealthiest. Monaco’s most sought-after luxury developments, such as L’Exotique, Marterra, and Bay House, boast numerous amenities, including concierge services, swimming pools, fully equipped fitness centres, spas, and lush gardens. Due to the principality’s fast-moving and hyper-competitive real estate market, investors should work with an experienced real estate agency with in-depth market expertise.
There is no question that for wealthy investors, the Principality of Monaco offers multiple reasons to make a Monaco real estate investment.
Author: Joanna Lewis
