• Property Shortlist
  • 539

Destinations » Monaco

Flag of Monaco

Monaco is one of the tiniest and most densely-populated countries in the world.  Its economic development was spurred in the late 19th century with the opening of its first casino, Monte Carlo, and a railway connection to Paris. Since then, its mild climate, magnificent scenery, and gambling facilities have made Monaco world-famous as a tourist destination and recreation centre for the rich and famous. Monaco boasts the world's highest GDP nominal per capita, the lowest unemployment rate and the highest number of millionaires and billionaires per capita in the world.

In recent years, Monaco has become a major banking center and has successfully sought to diversify its economy into the services. With no income tax and low business taxes, Monaco is well known for being a tax haven. Although it is not a member of the European Union, it is very closely linked via a customs union with France and, as such, its currency is the same as that of France, the euro.

Monaco has a warm-summer Mediterranean climate, with warm, dry summers and mild, rainy winters. In the winter, frosts and snowfalls are extremely rare and generally occur once or twice every ten years.

< Return

Latest News

19th July 2019
House prices are expected to continually increase throughout summer, reflected from the agreements that have already been reached. Analysis from properties that have been already sold, or have an agreed deal, has shown…
19th July 2019
Singapore recorded its highest sales in six years for new private homes in June, as condominium units became more popular on the market. Developers sold 821 homes in June, not including executive condominiums. June…
10th July 2019
Home prices in Las Vegas have been boosted in June, following three months of less-than-optimistic figures. The Greater Las Vegas Association of Realtors revealed that existing single-family homes sold in South Nevada through…
9th July 2019
Property investors based in Hong Kong are now turning to London for commercial property, according to West End and City agents. As the Standard reports, political protests related to a proposed bill allowing extraditions…

Join our newsletter

Please note that Property International / Devere Group will only use the above data to contact you accordingly. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.

  • Connect with Property International on LinkedIn
  • Follow Property International on Twitter
  • Like Property International on Facebook
  • Connect with Property International on Google Plus