Monaco is the second smallest soverign state behind the Vatican, and the most densely populated.
The principality is governed under a form of constitutional monarchy, with Prince Albert II as head of state.
In the late 19th century with the opening of the state’s first casino, the Monte Carlo Casino, as well as a railway connection to Paris kickstarted Monaco’s economic development.
Over 30% of the residents are millionaires with real estate prices reaching $116,374 per square metre in 2018.
Number 1. Travel Connections.
Peter Sagan spent $7 million dollars in a four bedroom apartment overlooking the Mediterranean in Monaco with reportedly a rooftop helitransport. Meaning he can catch a helicopter from the roof of his apartment and fly to Nice airport within 10 minutes.
Monaco is considered a strategic location as it is accessible by helicopter, boat, train or car. And is situated in the south of France with neighbouring Italy just 19 kilometres away.
Number 2. Safety and security.
Monaco has one of the lowest crime rates in Europe and more police per square mile than anywhere else in the world. With approximately 1 police officer per 100 residents. In addition to sophisticated country wide 24 hour video surveillance.
Most residential buildings have their own surveillance systems, backed up by a concierge who acts as a gate keeper. If necessary access in and out of Monaco can be blocked within a few minutes.
Number 3. Climate.
With approximately 300 days of sunshine a year and average highs of 27 degrees in July and August, even during the months of January and February highs average 12 degrees. Monaco and the area around is one of the few places in Europe where you can cycle outdoors the whole year around.
Number 4. Tax haven.
Since 1869 Monaco has not levied a personal income tax on its residents. Providing you own a property and live 3 months of the year in the principality (to be considered a resident).
Number 5. Typography.
From the city to quiet, secluded roads and enjoying the fantastic scenery of France or Italy in less than 30 minutes by bike.
Making it Ideal for outdoor athletes, particularly for cyclists as there is plenty of smooth tarmac and elevation to be ridden in the hills behind the high-rise buildings. In the form of the French Alpes-Maritimes.
Would you live in Monaco if you were a pro? Let me know down below!
2 Comments
great video very informative…nice job
Hell Yeah! It’s beautiful there😂 I did know the pro had bank like that. Helicopter pad! Nice