House prices are 91% higher in monarchy nations, but who sits on the throne of global monarchy property prices?
The latest research from high-net-worth (HNW) mortgage broker Enness Global has examined current nations with a monarchy at the helm and discovered which ones comes out on top with regards to royal property prices.
On average, the current property price per square metre (sqm) across nations with a monarchy is €2,870, 91% higher than nations without a monarchy.
When it comes to the most prestigious property price monarch, Prince Albert II of Monaco claims the throne with a current average price of €47,650 per sq m.
Luxembourg is the next most prestigious monarchy property market, with Henri Grand Duke of Luxembourg presiding over an average property price of €9,690 per sq m.
Japan’s Emperor Naruhito places third with the current cost of buying at €7,870 per sq m.
Norway (€5,700), Kuwait (€5,640) and Sweden (€5,290) also rank highly, while Queen Elizabeth II comes in at seventh, but not with the UK. Australia is home to a current average property cost of €5,090, making it the jewel in the property crown of the Queen.
Denmark ranks next (€5,020) with the UK coming in at number nine (€4,770) and another property empire of the UK monarch, New Zeland (€4,470), completing the top 10.
“It doesn’t get much higher in high society than rubbing shoulders with a royal,” said Managing Director of Enness Global Mortgages Hugh Wade-Jones. “As a result, some of the most prestigious pockets of the global property market are situated in and around a royal residence. This seems to influences house prices at the top level, with nations home to a monarch commanding almost double that of their monarch-less counterparts.”
Italy has made masks mandatory at night in an effort to curb the spread of coronavirus after recording more than 600 cases in a day.
The nearby country, which was the first in Europe to enforce a lockdown, now requires people wear masks between the hours of 6pm and 6am, and has also closed nightclubs amid the uptick in cases.
Meanwhile, vacationers in Rome coming from Croatia, Greece, Malta or Spain are now being tested for coronavirus upon arrival in the country.
The new restrictions come as European countries see a resurgence in cases.
France recorded more than 3,300 new cases in 24 hours, the highest number reported since May.
The French government announced plans to increase social distancing measures in workplaces, including encouraging people to wear masks in the office and if possible, work from home.
Spain closed nightclubs as its incidence rate of Covid-19 rose to an average of 115 cases per 100,000 people over the past two weeks.
People from Monaco will now have to quarantine for 14 days upon arriving in the United Kingdom, after Britain extended it’s red list for travelers.
UK government ministers set a deadline for people to return to the UK by 4am on Saturday to avoid self-isolating, sparking a frantic dash for Britons enjoying holidays on the continent.
The isolation measure applies to France, the Netherlands, Monaco, Malta, Turks and Caicos, and Aruba, amid concerns about a rising numbers of Covid cases.
Britain’s decision to impose a 14-day quarantine on all arrivals from France will lead to a reciprocal measure, French junior minister for European affairs Clément Beaune said late on Thursday.
“A British decision that we regret and which will lead to a measure of reciprocity, hoping that things will return to normal as soon as possible,” Beaune said on Twitter at midnight.
The French Health Ministry on Saturday reported 3,310 new coronavirus infections over the past 24 hours, setting a new post-lockdown high for the fourth day in a row and taking the country’s cumulative cases to 215,521.
A total of 252 clusters are being investigated, up 17 compared with 24 hours earlier, the ministry said in a website update.
4,857 people were in French hospitals on Saturday night for Covid-19, including 376 in intensive care.
The luxurious Suite Eleven at the Monte-Carlo Bay Hotel and Resort marks a new achievement for SBM, becoming the latest member of the penthouse Diamond Suite Collection for Monaco’s most discerning clientele.
The Principality’s award-winning resort opened the doors of its grand new suite in June. Occupying the entire top floor of the Monte-Carlo Bay Hotel and Resort, Suite Eleven offers stunning views over the Mediterranean, out to the Country Club, and even takes in Karl Lagerfeld’s former jaw-dropping pad Villa Vigie. View from the terrace of Suite Eleven. The large yellow villa is Villa Vigie. Photo by Monaco Life
The 196 square metre double suite has two bedrooms including a master with sea view, a 21 square metre covered terrace, and contemporary decor envisioned by Oliver Antoine, who took inspiration from natural materials and the sea, using the resort’s signature colours of blue with hints of beige.
“Suite Eleven’s design is inspired by my love of the Mediterranean Sea, using timeless and natural materials,” said the designer. “Suite Eleven is decorated in wood panelling in raw eucalyptus or lagoon blue, and floors in natural stone such as agate. The bathroom is in marble and proposes a steam-shower room with mosaics from Bisazza.” Lounge area in the Suite Eleven, photo by SBM
There is also the possibility to connect with the Duplex Suite, allowing the resort to meet a particular demand among its high-end clientele.
“We noticed that many big families from the Orient, Russia and the like wanted a suite like this, with connecting rooms and lots of space, and we were not able to offer that, until now,” Samantha Bourreau, the resort’s communication’s manager, told Monaco Life.
Another interesting feature is the integration of innovative and easy-to-use smart technology. Illuminations under the bed, for example, are automatically triggered at night, eliminating the need to turn on disruptive, bright lights. Main bedroom with sea views in Suite Eleven, photo by SBM
The suite, like the rest of the resort, utilises clean energy sourced from solar panels installed on the roof of the hotel. Clients can also take advantage of an electric car supercharger – which was the first in Monaco. Meanwhile, a garden on site supplies fresh ingredients for the resort’s gastronomic restaurant Blue Bay.
“We have noticed that this is in the minds of a certain clientele now, particularly the younger ones who know that it is very important to take care of the environment,” explains Samantha. “I think that when they become aware of all the efforts that we make, it is a good reason to come back.”
The Monte-Carlo Bay Hotel and Resort is considered a leader in sustainable development in the Principality, and was one of the first hotels here to receive the prestigious Green Globe environment certification in 2014. It was then awarded the Gold Certification in recognition of its commitment to green practices over five consecutive years.
But it’s not just the resort’s environmental approaches which have been recognised. The iconic blue lagoon, which weaves its way through the base of the resort, was also awarded the Best Hotel Pool in Europe in late 2019.
Guests of Suite Eleven have exclusive access to Sea Bay, a private area of this lagoon. The lagoon at the Monte-Carlo Bay Hotel & Resort, photo by Monaco Life
It all combines for an ultra-luxurious experience and positions Suite Eleven among the Diamond Suite Collection of the Monte-Carlo Société des Bains de Mer, an incredible selection of the finest penthouse suites in all of Monaco.
Priced at around €11,000 a night, Suite Eleven is close to a quarter of the price of the Prince Rainier III Suite at the Hôtel de Paris, putting it in an interesting price bracket for HNWIs. That price drops by about half in low season.
The Monte-Carlo Bay Hotel and Resort is also offering other new concepts this year: a floating breakfast inspired by Bali, a private dinner under the stars, and an ‘Eat and Swim’ package for guests – aimed at locals and day visitors – who can enjoy a full day swimming in the lagoon and freshly made pizza prepared pool side.
Take a stroll through the new Suite Eleven in our gallery below: Click on the pictures in the gallery below to enlarge…
IMSEE’s report on the business climate of Monaco in June shows a certain stabilisation despite overall low levels of trade.
According to merchants and businesspeople questioned by the statistics group, the business climate in Monaco was more stable in June, though it was still lower than usual levels in the auto repair and retail sectors.
The summary indicator lost 1 point compared to May, which was revised +3 points compared to the last publication. This stabilisation resulted from a low level of management intentions, which was offset by an improvement in planned employment. The opinion balance for the general labour market outlook fell back slightly and remained clearly below its average level.
The balance of past sales, although well below average, was relatively stable. The trend was more complicated for sales forecasts, which continued the rebound that began in April and were approaching normal.
Inventory levels showed a slight improvement but were below their long-term average.
Despite an increase in May, order intentions were weakened and forecasted prices deteriorated, falling below their average level.
The balance relating to employment increased slightly. Planned employment picked up but remained below its long-term average.
The number of customers was weakened by the health crisis and is comparable to that of the previous month.
Photo: One Monte-Carlo complex, by Monaco Life, all rights reserved
The International Contemporary Art Fair coming up in late August will be the first major cultural event to be held since the beginning of the health crisis.
After months of online events and remote happenings, a real face-to-face trade show is coming to the Chapiteau de Fontvieille from the 21st to the 23rd of August. This, the first International Contemporary Art Fair to be held in Monaco, is planning to make the most of this live event to show off “a human and warm side”.
Art lovers and collectors will be able to hobnob with the artists and gallerists whose selections have been hand-picked by organiser art3f’s special committee. New talent and the possible stars of tomorrow will be showing their paintings, sculpture, ceramics and photographs amongst those of well-established and known artists.
The event requires no specific dress code and is meant to be a relaxed environment to come and enjoy the art on hand. Many pieces are priced affordably making this an interesting show for those who love fine modern art but simply do not have the wallet to match their tastes.
A restaurant will be set up on the terrace, implementing all required health procedures and serving food and drinks throughout the event.
Tickets are €10 and free for minors under 18 who come with an adult. The hours are 4pm to 11pm of Friday the 21st, 10am to 8pm on Saturday the 22nd and 10am to 7pm on Sunday the 23rd. Masks are compulsory. For more info, go to the art3f’s website at https://www.art3f.fr/index.php/en/visitors-infos-monaco
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