Monaco is the world’s smallest state after the Vatican, (less than 2 km2).
The allure of this Principality nestled on the Mediterranean coast is that it is an independent state with a long history. Apart from the glamorous lifestyle on a temperate and beautiful coast, Monaco is famous for its numerous advantages for investors. In addition to political stability, Monaco offers a stable economic environment. The security of the real estate market and the possibility of personalizing one’s investment, make the Principality of Monaco an ideal place to invest in.
The main attribute of Monaco’s fiscal policies is the total absence of direct taxation for Monegasque residents as there is no income tax, capital gains tax or wealth tax.
In addition, there is no Monegasque estate duty on assets situated outside the Principality. The Monegasque property prices were not significantly affected by the global crisis: hence a safe market. A Monegasque real estate investment could play an interesting role regarding risk reduction. An investor wishing to allocate funds in a low-risk asset could eventually include a Monegasque property in his or her international portfolio.
In world arenas, people who don’t know Monaco sometimes confuse Monaco and Monte-Carlo as being one and the same. In fact Monaco is the city, and the state, and Monte-Carlo is its best-known district.
Let’s take a few minutes to discover the different parts of the Principality and how they are adjusted to living accommodations. It is also useful to look at the constructed surface area in each “district”, whether this be for residential usage, commercial, public or industrial.
There are seven districts in Monaco:
With around 1,500 buildings in Monaco, this represents a total of 3 million square metres. Almost half of all the constructed surfaces are in Monte-Carlo and Fontvieille which also happen to be the biggest districts. 61% of the constructed space in Monaco is residential, 21% is industrial or commercial, and the remaining 18% is for administrative buildings or hotels.