Combining a highly advantageous tax system with a rich history and stunning Mediterranean setting, Monaco is unlike anywhere else on earth. A fantastic destination for anyone looking to enjoy the finer things in life and make the most of their assets, Monaco has something to offer expats from a variety of backgrounds. If you’re currently considering a move to the south of France, buying property in Monaco will be the first step in realising your dream. Giving you a foothold in this diminutive principality, buying Monaco real estate will set you on the path to enjoying the finer things in life. It can help maximise your assets too so it makes financial sense as well as giving you the chance to live in luxury.
Why Live Or Rent In Monaco?
With a total area of just 0.78 square miles, Monaco is the second smallest state in the world after Vatican City. However, despite its small size, Monaco has a lot to offer. As well as being the most densely populated sovereign state in the world, it’s home to more billionaires per capita than any other country. On top of that, a staggering one in three of the remaining population are millionaires.
In general, these wealthy individuals weren’t born in Monaco. Instead, they’ve chosen to move to the principality thanks to its generous tax rules and high quality of life. In fact, making the move to the south of France can be beneficial for your health as well as your finances. Research has found that Monaco now boasts the longest average life expectancy, with many in the principality living to 90 and beyond.
On top of the clear financial benefits of moving to Monaco, expats will be able to enjoy a wealth of luxurious amenities and facilities on their doorstep. The principality is home to an outstanding choice of designer shops and exclusive outlets as well as some of the best restaurants in the world. Monaco also boasts some fantastic Mediterranean beaches and is within easy reach of the expansive stretches of sand of the French Riviera.
What Types Of Property In Monaco Are Available In Monaco?|Monaco Houses For Sale Types To Look For Real Estate In Monaco Has A Lot To Offer
If you’re considering buying one or more properties in Monaco, the first thing you’ll need to take a look at is the property stock on offer. As the principality is densely packed, houses in Monaco are fairly rare. Most of the Monaco properties on offer are flats. These can vary from small studio apartments to large, luxurious penthouses. In many cases, Monaco apartments come complete with concierge services, gyms, swimming pools and a variety of other extras.
What Influences The Cost Of Property In Monaco?|Factors Affecting The Price Of Properties In Monaco Living In Monaco Money Matters
There are a number of factors that dictate how much a particular property is worth. Even though Monaco is small, location still has a big impact on price. The more desirable the spot and the better the views the more you’ll pay per square foot for your property.
The style and condition of the property will also significantly influence the price you’ll pay. Although most apartments in Monaco are in good condition, some might need updating while others will have been recently renovated and won’t need any work at all. Relocation Monaco are an approved Relocation Services provider by the Monaco Chamber of Commerce and Economic Development. Relocation Monaco are based in Monaco, their website has lot of information regarding www.relocation-monaco.com/monaco-residency.html as well as general Monaco banking and property advice.
Last but definitely not least, the size of the property you buy will have a major impact on its value. The more bedrooms, reception rooms, bathrooms and terraces a property has, the higher its price tag is likely to be.
Try Before You Buy Property In Monaco Consider Apartments For Rent In Monaco Find Out If You Love Living In Monaco First
If you’re unsure about making the move to the south of France, renting property in Monaco is a good way to test out the lifestyle before you buy. Renting an apartment will give you the time to get a feel for life in the principality and for the different neighbourhoods of Monaco. The same factors that impact on retail value also affect the rental price of properties in Monaco. Most specialist estate agents will be able to give you a list of potential properties in your price range so you can find the house or apartment that suits you best.
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Buying property in Monaco, and moving your life to the south of France, is a big step. If you find all the research, admin and organisation involved a bit daunting, you could choose to use the services of a specialist relocation consultant. They’ll be able to talk you through all the processes involved in buying property in the principality, find suitable property for sale in Monaco and walk you through everything you need to do to make the move as smooth as possible.
Although using a professional consultant will cost more in the short term, the help and support they offer can help you to save money in the long term. For a start, a professional relocation service will be able to use their contacts and their expertise to find the perfect property for your needs. Finding a new home quickly can help to minimise the amount you spend on rent and help make your transition smoother.
Buying property in Monaco will allow you to take advantage of the country’s generous tax laws and benefit from the high quality of life it offers. Why not start planning your move today and discover this unique principality for yourself?