By in Holidays

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, 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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j2401 wrote on January 9, 2015, 2:38 PM

I would have a look at this place, see how the other half lives.

McIntire wrote on January 9, 2015, 2:53 PM

As much as I'd love to visit, I know this place is far, far above my reach! Even if I could afford it, I surely wouldn't fit in with the "rich, famous and beautiful-by-plastic-surgery-fat suction-botox" people, lol!

Soonerdad3 wrote on January 9, 2015, 3:29 PM

I really like to learn things about places that I have never been before and Monaco is somewhere I have heard a lot about, but will never visit.

beachchair wrote on January 9, 2015, 3:30 PM

I am not sure if i will ever get to visit. I do love to travel but my budget it a little less top drawer. I do love cruise ships and have been on many cruises.

nbaquero wrote on January 9, 2015, 4:22 PM

Maramadalina ,I would like to visit, but I am not really attracted by the oppulence of those who live there.

Anja wrote on January 9, 2015, 6:31 PM

Formula One champion Lewis Hamilton has taken up residence in Monaco for tax purposes.

shiela32 wrote on January 10, 2015, 3:02 AM

I heard Monte Carlo from the movie of Madagascar. I wished I could visit that place and capture some photos of the beautiful place.

Porcospino wrote on January 10, 2015, 4:42 PM

I would like to visit Monaco as a tourist, but most of the hotels are too expensive for my budget. I will probably just look at the pictures.

maramadalina wrote on January 10, 2015, 4:44 PM

It is indeed a gorgeous place but the prices are huge.Personally, I do not think I can afford to stay in Monaco for more than three days.

maramadalina wrote on January 10, 2015, 4:46 PM

In Monaco people live another life.But I think you are right. I prefer my free life than a crystal box. emoticon :smile:

maramadalina wrote on January 10, 2015, 4:48 PM

ha ha ha emoticon :smile: Hotels are very expensive indeed. I guess pictures are the best solution.

nbaquero wrote on January 10, 2015, 9:18 PM

Maramadalina A crystal box, a very descriptive way of putting it. I tend to like the simpler life better as well.

seren3 wrote on January 14, 2015, 8:44 AM

I visited Monaco many years ago. I stayed in Nice and took the fast train to Monaco. I walked around a bit, spent time on the beach, and went to the ballet. I could barely afford a coffee lol. The train was good and ran late at night.

trufflehunter wrote on January 24, 2015, 12:33 PM

I read somewhere that Monaco is one of the longest lived cities in the world too, because of it's excellent healthcare.