Lifestyles of the Rich and Famous in Monaco
Think F1 Grand Prix races…world-class tennis tournaments…fancy casinos in Monte Carlo…film festivals…and celebrities. There has always been something royal and unique about Monaco. With its white-sand beaches and excellent lifestyle, this rich, exotic island is truly extraordinary.
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- Population: 30,500
- Capital City: Monaco
- Climate: Mediterranean, with mild, wet winters and hot, dry summers
- Time Zone: GMT+1
- Language: French (official)
- Country Code: 377
- Location: Bordering the Mediterranean Sea south of France, near the border with Italy
Glamour and glitz of St Tropez amongst others…
As you read this, I’ll be listening to our contact Stefania Russo talking about the best places to find your own piece of la dolce vita, or hearing what my colleague Maria Savage has to say about Varna, Bulgaria. I might also have to sample a little of that ham I keep hearing about or some seafood tapas—all in the interests of research as I’ll be in Barcelona.
Now that the excitement of the 60th Cannes film festival is over, European culture vultures will be looking elsewhere for entertainment.
Real estate prices are becoming more predictable-and stable-on the French Riviera. After almost 10 years of continued growth, signs of a slowdown have started to show. At the beginning of the year 2000, the price per square foot on the Promenade des Anglais, Nice was 280 euro ($372) average, but had risen to 990 euro ($1,320) by the end of 2006. Prices for small studios and apartments, valued at less than 300,000 euro ($405,000), continue to escalate, as there is increased demand and a limited supply.
US$1 equals .79 euro Thanks to a glamorous casino and a personal income tax rate of 0%, Monaco has become one of the world’s most expensive property markets. Apartments in prime locations cost $1,869 to $2,243 per square foot, and even at these prices supply is scarce. But even if you have only a few […]