Monaco - The shelter for all those beautiful and rich
In 1850, Monaco was among the poorest countries in Europe. Its luck was changed in 1865, with the opening of the first casino in Europe - Casino Monte Carlo. The building, which impresses by its beauty, is the work of Charles Garnier, the one who created the Paris Opera. The casino, located right on the shore of the Mediterranean Sea, was built in 1863 upon the request of the Principality of Monaco.Since then, Monaco has become a symbol of luxury and exquisite entertainment for the rich and famous, but also a paradise that annually attracts huge financial fortunes.Monaco is currently the country where the square meter is sold with almost $ 60,000.According to a study by Globalpropertyguide.com, quoted by Forbes, the prices have become so high because of lack of space and lack of taxes in the country.
Monaco is the place of lovers of luxury and elegance and this is reflected everywhere - from spectacular properties and cars made to order to costly hobbies and bright accessories. The Principality chosen by those rich and famous has the most expensive real estate market in the world and properties here are considered to be a good investment regardless of price. Casinos, stars, breathtaking views of the Mediterranean Sea are so many reasons that make Monaco the paradise of the richest real estate investors in the world.And as if it would not be enough, the residents also benefit from tax breaks.
Monaco real estate market has not experienced the term of "crisis" and the property price has not suffered in recent years.For the fifth year in a row, Monaco was named the city with the most expensive real estate market in the world, according to the study Wealth Report 2013.The new residential projects are few because of the lack of land, so that the modern houses are traded with staggering sums (tens of millions of euros).
Extravagant and brilliant, Monaco is the place where everything is at its best - casinos, cars, yachts, jewelry, holiday homes. Really valuable properties are sold in closed circles and these are considered "a good deal", regardless of price.As a result, Monaco became a fiscal shelter for the very rich people, having the highest percentage of millionaires and billionaires in the world.
So,welcome to Monaco, the place with the most expensive properties in the world - the traditional "nest" of super rich people.
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