A two bedroom apartment has recently become available near the centre of Monaco.

Maison Apollonie

13 Rue des Orchidées Monaco

Close to Place des Moulins and Larvotto Beach

FOR SALE

76 m² apartment

2 Bedrooms

Bath/Shower Room with Toilet

Independent Toilet

Living Room with large Kitchen

10 m² Cellar

Exposition South South-West

Front Entrabce Maison Apollonie Monte Carlo

Situated directly behind the Place des Moulins, this apartment is within 10 minutes walk of :

• The centre of Monaco
• Parkings
• Supermarkets
• Restaurants
• The Post Office
• Schools
• Parks
• The Beach
• Chemists
• Grimaldi Forum
• Hotels
• Casino
• Sporting Club de Monaco
• Sass Café
• Jimmy’z
• Bus Stops for – Monaco Districts, Nice, Menton, Airport

PRICE € 1,780,000

Bedroom - Monaco Apartment For Sale

Kitchen Area

For more information and photos of this exclusive 2 bedroom apartment for sale in Monaco visit www.monaco-invest.com.

Whilst property prices in most of Europe have been in the worst slump in many years a recent article claims that a survey shows that Monaco prices have risen by as much as 30 per cent this year.

The reason for this is given as twofold :

• high tax rises in the UK leading to wealthy individuals looking to move offshore
• the broadband age and lack of currency controls has made relocation for tax reasons much easier than for any previous generation.

Whilst I do not agree with all the statistics in the article it is certainly true that Monaco is enjoying an influx of UK tax exiles who can these days run their businesses easily from anywhere with a good broadband connection and this must have an effect on the local property market.

I did however read recently in the Monaco Matin (local newspaper) that property transactions in the Principality were down 34% in volume on the previous year, and the general impression talking to people in the street is that rental prices are coming down.

Read the whole article at Monaco Property Prices

Watch this space!

Damian

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• Monte Carlo Glitz Pulls New Buyers (isparisexpensive.com)

Image via Wikipedia

Monaco is made up of four districts : Monaco Ville the historical seat of the Principality, situated upon the Rock where the Prince’s Palace stands, Monte Carlo the district surrounding the Casino, La Condamine around Port d’Hercule, Fontvieille the new industrial district, built on ground gained from the Sea (22 ha.). Property prices from district to district but are generally highest in Monte Carlo and in the Condamine if you happen to overlook the famous Grand Prix circuit. Anyone who has ever watched the F1 Grand Prix will have seen the hordes of people standing on the balconies overlooking the track. If you are lucky enough to find a property with a good view of the circuit then you can use it for hospitality for your friends or business clients or if so inclined rent it out for Grand Prix week for a small fortune. If you are looking to buy a Monaco property in order to set up a business in Monaco you should first take advice about setting up a business as generally you will need to apply for a license or set up a local company and this may take some time and will generally require that you rent or buy a Monaco office or premises.

Image via Wikipedia

Property transactions in any jurisdictions are notorious targets for shady characters. If you are considering entering the Monaco property market, which just happens to be one of the most expensive in the world you would be well advised to get good local advice. Due largely to Monaco’s income tax free status, its low level of crime, great climate and easy access to the major European cities property in Monaco ranks among the highest per m2 in the world. The official language in Monaco is French, however there are a large number of English speaking residents including UK, US and Australian expats as well as many residents who speak fluent English as a second or third language. This means that getting by on a day to day basis is straightforward even if you do not speak any French. If however you are considering buying a Monaco property all the legal documentation will be in French and you will have to deal with a local Notary. It is therefore advisable to use a local agent to represent you in any major Monaco property transaction.