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Real Estate projects and their development in Monaco by Vadim Blaustein

 

Vadim Blaustein, a resident of Monaco and an experienced lawyer dealing with numerous real state transactions provides an insight into the residential market and property developments in Monaco.

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Monaco, home to world-class sporting and entertaining events, continues to be an exceptionally attractive location for wealthy individuals and remains a global centre of commerce. Monaco's security and political stability, and a business friendly environment make real estate in high demand and attract a broad base of global occupiers and investors.

Vadim Blaustein, a resident of Monaco and an experienced lawyer dealing with numerous real state transactions provides an insight into the residential market and property developments in Monaco.

What is the current status of residential properties in Monaco in terms of price?

Vadim Blaustein: Residential property in Monaco has been recorded as the world's most expensive, overtaking Hong Kong to become the most expensive residential estate in the world.

What is the highest sale price per square meter for a residential property?

Vadim Blaustein: The average resale price in 2016 reached €41,400 per sq m and luxury residential prices in Monaco reached €53,000 per sq m in the second quarter of 2017.

Which part of Monaco is the most expensive to buy a property?

Vadim Blaustein: Exclusive properties in Monte Carlo’s Carre d’Or can reach beyond €100.000 per sq m.

Why do high-net-worth individuals choose to buy properties in Monaco?

Vadim Blaustein: Owing to Monaco's security and political stability, Monaco attracts international buyers seeking safety, wealth preservation or a business base.

What is the current of population in Monaco?

Vadim Blaustein: On 31st December 2016, the number of residents was estimated at 37,550. The number of millionaires living in Monaco is expected to reach 16,100 in 2026.

What is the average new-build sale price?

Vadim Blaustein: In 2016, the average selling price of new-build properties in Monaco was €13.7 million. In total, 33 new-build properties were sold in 2016.

What are the other interesting facts about the real estate in Monaco?

Vadim Blaustein: Monaco is taking.....

Extra informatie

Раздел Богатство и Роскошь, Общество и Стиль жизни
Номер выпуска 15
Объем (в страницах) 2
Год Публикации 2018
Формат Электронная версия
Журнал RUS Бенилюкс
Страна Монако

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