Monaco

Monaco and Surrounds

The Principality of Monaco - Monte Carlo is an independent state situated at the bottom of the Southern Alps, next to the Mediterranean and near to several French villages. Monaco consists of five neighbourhoods where property can be found. The Principality is fortunate to have very mild winters and sunny summers, but not excessively hot, making Monaco a pleasant place to live all year round. Riviera Property network can help you find your ideal home here. Ski lovers will note that ski resorts in the Alps are only an hour’s drive away from your Monaco property.

The Grimaldi family gained control of Monaco in 1295. They took up residence in the finest Monaco property the Grimaldi Palace. Years of conflict followed until Monaco received full autonomy in 1524. In 1850 the reigning family was nearly bankrupt. Following the trend of other small towns in Europe permission was granted for a new addition to Monaco. A German-style casino was to be built in Monaco. The success of the casino was slow due to the inaccessibility of the Principality. This was to change in 1868 when the railway came to Monaco bringing with it large numbers of visitors which led to the Principality grow in wealth and Monaco property developed further.

The first masters of Monaco offered territorial concessions and tax exemption to draw in new inhabitants. Currently, the Principality is still a tax haven for millionaires from all walks of life, who have bought Monaco property. The harbour provides berths for their luxury yachts and any Monaco property overlooking the harbour is very popular. Outside the Casino Monaco property investors ‘ Rolls Royce limousines are a familiar sight. Any Monaco property with a view of the Casino has a very high value. If you are feeling lucky have a flutter at the tables.

Today Monte Carlo is a leading tourist resort in Europe. For decades it has been visited by Royalty and movie stars. It hosts a Formula 1 Grand Prix event in the streets of the Principality, World Champion Boxing bouts and the Masters Tennis Tournament. Many Monaco property investments are used for Corporate rentals during these events. You could be the owner of a Monaco property with a splendid view of the race track Monaco property will always hold its value.

In Monaco-Monte Carlo there is culture, luxury and sport in which to indulge. Many sports stars e.g. Jensen Button , Novak Djokavich have purchased Monaco Property. Sir Philip Green, the High Street retail giant also owns Monaco property. To the rich and famous Monaco property is much sought after. Monaco property has a very high value. Owners of property in Monaco are able to rent out their places to clients seeking a Monaco property as their residence address. It is a lucrative business and a small Monaco property e.g. a 25 metre studio can be leased for around 3,000 euros per month.

Monaco is accessible from Nice by bus or train.

If you are looking to find property for sale in Monaco, then here at Riviera Property Network is the place to search.

Property Spotlight
Property Spotlight

Beautiful villa with heated swimming pool, olive grove, gardens, views. Provence

€546,000