Monaco retains title as the world's most prestigious property address

Despite the depressing headlines throughout the world's press of late, property for sale in Monaco and the French Riviera is faring particularly well compared to many of its European neighbours.

Recent research has proven that despite restrictive measures enforced by most governments, Europe is still leading the field in the sale of exclusive real estate to wealthy investors. Indeed, Sotheby's auction house has revealed that sales in luxury property in Monaco and France has risen by 38% this last quarter compared to the previous quarter.

Those looking to purchase property for sale in Monte Carlo with an exclusive postcode along the Avenue Princesse Grace would see little Change from $53,226 for a sq/m. Despite the high price tag however, wealthy buyers are still drawn to the principality for its tax benefits and exclusivity.

Those interested in purchasing luxury property in Monaco may also be interested to know that they will still be picking up a great deal. Property along the Avenue Princesse Grace was last year valued at an incredible $120,000 per sq/m as opposed to the $53,226 per sq/m price tag this autumn.

Source: BusinessReviewEurope.eu