Monaco: princely real estate and light taxes.

The principality of Monaco is called the perfect place to relax, because it is located on the Riviera, famous for the many casinos and beautiful parks, here is a rich infrastructure and a high standard of living. But experts assure that this country is ideal for the addition of funds in real estate.

Of course, the European “tax paradise” is attractive for wealthy people, and one of the conditions for obtaining a residence permit in Monaco is the purchase or rental of residential real estate. Of course, not everyone can afford it, the prices here are very high, on average 45 thousand euros per square meter. The cost also depends on the location of the apartment, how close to the sea or Formula 1 highway, for example, the price per square meter of housing in the very center reaches 78 thousand euros.

When investing in real estate in Monaco, you need to remember some nuances. So, there are frequent cases when terraces, bathrooms and even wall thicknesses are included in the overall meter. In addition, experts recommend buying parking spaces with housing, the price of which can be several hundred thousand euros.

The gold square with the center on Place du Casino is considered the most prestigious area of ​​Monaco. Here are the gambling house, opera theater and expensive hotels. Real estate here is 10-15% more expensive than in the rest of the principality, but the opportunity not to pay taxes and future income attracts wealthy people.

Photos are taken from a catalog site for the selection of foreign real estate: