Monaco Residential Market

Monaco Residential Market
 
Outlook

26 May 2016, by Paul Tostevin

Safe haven credentials, political and economic stability will continue to underpin Monaco's appeal

 

■ Stability: In the face of global economic uncertainty, Monaco’s safe haven credentials, political and economic stability will continue to underpin its appeal.

■ City and retreat: While the ultra prime markets of many world cities cool, in terms of price and/ or turnover, Monaco will continue to benefit from its dual status as both a business destination and a recreation centre. Prime prices are set to show stability or modest growth, particularly given limited new supply against sustained demand.

■ Evolution: Monaco is expanding and rebuilding to remain relevant to modern-day occupier demands. In addition to new residential and commercial space, the Le Portier reclamation project and Sporting d’Hiver will bring new and enhanced public spaces and cultural facilities.

■ Cachet: Thanks to its history, heritage and busy sporting and social calendar, the Principality has an unrivalled global reputation as a destination for the world’s wealthy. Many new competing city enclaves are emerging around the globe, but status takes time to foster and very few currently have the cachet of Monaco.

 

 
Monaco has a cachet that is hard to rival
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Key Contacts

Paul Tostevin

Paul Tostevin

Associate Director
World Research

Savills Margaret Street

+44 (0) 20 7016 3883

 

Hugo Thistlethwayte

Hugo Thistlethwayte

Head of
International Residential (Operations)

Savills Margaret Street

+44 (0) 20 7409 8876