Monaco

Financial Overview

Property Search

Global Statistics

House Prices

Regional Statistics

Read the full article - Register now!

You have arrived at your allowance of 5 premium articles. If you enjoy our research and want full access, we ask that you support our hardworking team by registering with our site - it's free!

Already registered? Log in

Prices in Monaco continue to defy gravity

The price of Monaco’s apartments continues to spiral upwards, defying gravity. By all normal rules its prices should have dropped years ago, yet up it goes, into the skies. Does paying 1.7 million euros for a 40 square metre apartment defy logic? What about gross rental yields of 1.2%? These are the highest prices and the lowest yields in the world. It has something to do with tax havens, of course, there cannot be any other explanation. It makes sense that the very rich should buy rather than rent, especially if they want to establish a permanent presence in a tax haven. So up the spiral continues, because there is no shortage of the very rich.

» To continue reading this article, subscribe now!

Comments

Be the first to comment on this article!

Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.