And a five bedroom four bathroom apartment, recently featured on the BBC's Money Programme 'No tax please ? we're rich', in Fontveille, the same area of Monaco where the Hotel Columbus, part owned by Grand Prix driver David Coulthard, is situated with Mediterranean views is available for ten million Euros.
With demand from clients worldwide the prices of real estate in Monaco is likely to be among the highest in the world for the forseeable future.
Commenting on the local property market, several estate agents have reported good sales for Monte Carlo real estate and for Monaco generally in the first quarter of 2006, with the top end of properties in Monaco doing particularly well compared to the same quarter last year.
And there are rumours among the owners of the hotels in Monaco and Monaco Real Estate industry that two islands could be built with bridges to connect them to Monte Carlo which would allow some 5000 new low rise properties and a hotel to be built.
If the rumours become true of more availability of properties and a new hotel in Monaco the possibility also exists of an extended or changed circuit for the Monaco Grand Prix in years to come.
More Info
No comments:
Post a Comment