Monaco Retains Title as the World's Most Prestigious Property Address

For the fourth year in a row the principality of Monaco boasts the most desirable luxury property for the world's elite.

2012-01-05

ST TROPEZ, FRANCE, January 05, 2012 (Press-News.org) 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.

London, resting in a respectable second place sells for a seemingly reasonable $20,505 per sq/m. However Monaco is still the most popular address for the world's elite and this shows in the fluidity of the country's property market.

Lorenza von Stein is Monaco's leading real estate agency, specialising exclusively in luxury property in Monaco, as well as luxury apartments for rent in and around Monaco. Accompanying this unique collection of Monaco real estate, is a selection of elegant homes to buy and to let in the most sought-out locations on the French Riviera, Saint Tropez and worldwide.

Lorenza von Stein's multilingual property consultants based in Monaco offer an incomparable facility to buyers and sellers of luxury homes. This is thanks to a professional team whose expertise in the Monegasque property market is second to none, handpicking only the most exclusive property for sale in Monaco, Monte Carlo, Cap Ferrat, Cap D'Ail, Roquebrune Cap Martin, Cannes, and Saint Tropez.

For further information on this topic or how Lorenza Von Stein can assist you in your search for property for sale in Monaco please visit the website at www.lorenzavonstein.com or contact the Monaco office on +377 97 97 97 02 77 to arrange a meeting with one of their knowledgeable property brokers.

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