Monaco: The Essential Relocation Guide
Real Estate - Finding Your Home The Principality of Monaco is surrounded by nature, on one side you have the deep blue Mediterranean Sea, and on the other side, the mountains with their vibrant green vegetation. Monaco offers a balanced lifestyle; one can walk around and discover the amazing tiny old streets of Monaco-Ville, and then venture to the other side of Monaco to experience the excellent luxury buildings including the fabulous Tour Odeon housing the most expensive apartment in the world. Anyone aiming to relocate or invest in the Principality of Monaco should first seek to understand the local real estate characteristics of Monaco, including the districts, buying and selling processes, as well as understanding future real estate developments. Let us summarize Monaco briefly again. The Principality of Monaco is an independent sovereign state located in the south east of France, close to the Italian border. Its great location and exceptional climate makes Monaco a highly comfortable place to live right throughout the year with mild winters and fabulous summers. The traditional language of the Principality is MonÊgasque, and the official language is French, although Italian and English are widely spoken. Monaco benefits from an international environment with more than a 140 nationalities residing in the Principality for a total population of approximately 39,000 inhabitants. The territory of Monaco covers only 2.02 km² of which 20% has been reclaimed from the sea. It may seem easy to understand Monaco by its numbers and facts, however understanding the real estate market is much more challenging, and the demand extremely diversified. 120