• Property Shortlist
  • 146

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

5th September 2019
Property prices in Paris have risen exponentially, with the price of an average square metre surpassing €10,000. As thelocal.fr reports, Paris prices have increased by 62.5% over the past 10 years, increasing to the highest…
4th September 2019
House prices in Sydney and Melbourne in August have risen to their highest monthly figure since 2017, driven by record low interest rates and looser lending rules. As 9News reports, the optimistic results follow two years…
29th August 2019
Home sales in Southern California witnessed an increase in July, compared to the previous year. The rise was the first time sales climbed in 12 months, providing a break for the region’s sluggish housing market.The…
28th August 2019
Agent research has revealed that property sales in Mallorca have doubled over the last five years.Engel & Völkers said that the southern part of the island has seen demand heighten as a result of its vicinity to the…

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