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Day: 21 March 2024

The most expensive streets for real estate on the Côte d’Azur revealed

by: Stephanie Horsman
21/03/2024
real estate in the Côte d'Azur

The most expensive streets for real estate in the Côte d’Azur’s three main cities of Nice, Cannes and Antibes have been revealed in a new report by online agency Meilleurs Agents.  

The French property market may be in crisis in some places, but the Côte d’Azur seems to remain recession-proof for the moment, with stable, if not increasing, prices and an enduring popularity among buyers looking to find the right balance between home and work life.  

See more: Second home market plateauing, but demand for the Côte d’Azur remains high

Although the report from Meilleurs Agents acknowledges that Paris still lays claim to the streets with the highest prices – a flat on Rue de Furstemberg, the most expensive, comes with a price tag of €24,272m², while residential property on the Avenue Montaigne will set you back €23,123m² – the Côte d’Azur has more than its fair share of expensive streets. 

NICE, CANNES AND ANTIBES 

Nice’s urban renewal over the past two decades has seen the appeal of the city shoot up. Always a popular tourist destination, it is now also a sought-after place to live year-round and real estate prices reflect this.

Still, even with the general rise in value, there are three streets that command very high prices even by Niçois standards.

See more: Nice’s Promenade du Paillon celebrates a decade of transformation and green space expansion  

To get a piece of the pie on Avenue Jean Lorrain, a seafront street on Cap de Nice, the average property will set you back €10,300m². Mont Boron’s Avenue Germaine comes a close second, with prices of €10,135m², while properties on the Cap de Nice’s Boulevard Princesse Grâce de Monaco demand €9,990m².  

Cannes’ most expensive street is arguably its most famous. On the sea-facing Boulevard de la Croisette, homes sell for an eye-watering €12,410m², with Rue de Gray hot on its heels at €12,311m². Boulevard Eugène-Gazagnaire on the Cap de la Croisette is third, with prices sitting at €10,878m².  

Heading to Antibes, there are five streets that, remarkably, have the exact same price per square metre. All situated on the Cap d’Antibes peninsular, property prices on the Boulevard John Fitzgerald Kennedy, Boulevard de Baçon, Avenue Tour Gandolphe, Chemin des Mougins and the Traversée Pas du Diable’s are a costly €10,948m².  

See more: Real estate | How much extra does it cost to own a waterfront property?

By comparison, the least expensive of the streets to feature in the report is to be found in Saint-Etienne. Homes on the city’s Rue Gabriel-Calamand cost a mere €2,165m².  

Read related:

Property prices at record levels in almost all Monaco neighbourhoods

 

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Photo source: Anthony Salerno, Unsplash

TrustConsult puts data protection in the spotlight at Monaco event

by: Stephanie Horsman
21/03/2024

The TrustConsult Group, an international and independent corporate trust boutique and global corporate service provider, held an engaging conference in Monaco earlier this month that answered some very real questions on how personal data is being circulated in the wider world, how it is being used and what corporate entities can do to minimise security risks.

The event was held at the Fairmont Hotel on 14th March, where the 180 people attending the conference were treated to a gourmet lunch in the Salles des Glaces before the TrustConsult got into the nuts and bolts of personal data protection.  

The primary goal of the afternoon’s proceedings was to highlight not only the risks associated with the widespread dissemination and use of personal data, but also the opportunities connected to personal data protection.  

Top lawyers and bankers from Paris, Geneva, London and Dubai shared their experiences in the field of data protection and offered solutions to the complex problems they have encountered themselves.

 

“As privacy is permanently threatened in the private and public sector, we felt it was a crucial time to remind clients and financial operators about citizens’ essential freedom guidelines. If we consider the high attendance, the subject is definitively attracting a lot of attention,” Christian Buhlmann, CEO of Monaco’s TrustConsult branch, told Monaco Life. 

The takeaway from the event was that while support is available for those seeking to ensure maximum levels of confidentiality and security, the first steps need to be taken by individuals.  

Monaco’s TrustConsult team, from left to right: Alessandra Vicedomini; CEO Christian Buhlmann; Kateryna Viy; Monaco Life Publisher Eric Brundage; and Patricia Cressot. Photo supplied

“The only and best protector of your privacy is yourself,” summed up Buhlmann. “Indeed, the states and public authorities who supposedly have the obligation to protect their citizens are not only overwhelmed by what is happening, but are also very often focused on collecting more and more data disguised in different ways without realising the impact for the potential leak of information that could be harmful to an individual or a company.” 

 

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Photo supplied

Rugby: AS Monaco Rugby gearing up to challenge Les Angles Gard Rhodanien at the weekend

by: Niki Borisova
21/03/2024
as monaco rugby

AS Monaco Rugby is preparing to take on the fourth-placed Rugby Club Les Angles Gard Rhodanien at the Stade Prince Héréditaire Jacques in Beausoleil over the weekend. 

This coming Sunday will present AS Monaco Rugby with a considerable challenge.

Les Angles currently sit in fourth place in the Fédérale 2 standings, compared to Monaco’s stronger second place, and the game is likely to test the resolve of both sides over two consecutive games.

The first match of the day will begin at 1.30pm, followed by a second game at 3.15pm. Both will take place at the Stade Prince Héréditaire Jacques in Beausoleil.

See more: New AS Monaco Rugby clubhouse takes pride of place at Stade Prince Héréditaire Jacques

In other news, there were mixed results for AS Monaco Rugby’s youth teams during last weekend’s matches.

The M19 team secured a commendable victory on Corsican soil, defeating their opponents 22-15, while the M16 team faced a tougher challenge in their match against Ras Sanary/La Seyne in the Var, coming away with a 31-12 loss.

 

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Photo credit: AS Monaco Rugby, Facebook

Lights out in Monaco for Earth Hour this Saturday

by: Elsa Carpenter
21/03/2024
earth hour

All around the world, millions of people will be switching off their power for a single hour this coming Saturday as part of the Earth Hour movement. Here’s how Monaco will be marking the international event. 

From 8.30pm until 9.30pm on Saturday 23rd March, the lights that illuminate the famous buildings of Monaco’s Place du Casino will be turned off.  

From the Casino de Monte-Carlo to the Hôtel de Paris and the Café de Paris, as well as the Hôtel Hermitage for the first time, all will be plunged into darkness as Monte-Carlo Société des Bains de Mer’s establishments add their names to the list of places backing the Earth Hour 2024. 

This will be the 11th year in a row that the Principality’s flagship square has taken part in the movement, which was launched back in 2007.

Those behind Earth Hour encourage private citizens, governments and companies the world over to “give an hour for Earth” by switching off power sources for a full hour. 

“Earth Hour invites you to switch off and spend 60 minutes doing something – anything – positive for our planet,” reads the official website, which can be found here. “Just 60 minutes? Yes, just one hour. It may not seem like much, but the magic happens when you, and those like you in Asia and Africa, North and South America, Oceania and Europe – supporters in over 190 countries and territories – all give an hour for our one home, creating the Biggest Hour for Earth.” 

Read more:

Interview: Robert Calcagno, CEO Oceanographic Institute – Prince Albert I Foundation

 

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Photo source: Monte-Carlo SBM

Basketball: EA7 Milan ends AS Monaco’s winning streak in a decisive victory

by: Niki Borisova
21/03/2024

EA7 Emporio Armani Milan have brought AS Monaco’s impressive eight-game winning streak in the EuroLeague to a shuddering end by winning 80-98 in the Salle Gaston Médecin. 

After a defeat against Strasbourg in the Coupe de France semifinals, which puts AS Monaco out of the running, the Roca Team are feeling the sting again.

See more: Basketball: AS Monaco’s Coupe de France title defence ends in defeat at semifinal

The team’s eight-game winning streak in the EuroLeague has ended in the wake of a loss against EA7 Emporio Armani Milan, who outplayed the Monaco team on their own court on 20th March to win 80-98.

“We fought but we had to do it from the beginning”

Alpha Diallo, who scored 17 points for the Roca Team during the game, emphasised the need for the team to bounce back in post-match comments.

“We need to regain our confidence,” said the 26-year-old American-Guinean player.

Jordan Loyd, who contributed 14 points, also reflected on the challenge of overcoming the team’s stalling momentum.

“When we’re down by a lot, it’s one thing to come back, but it’s another thing to make the effort to get ahead,” he remarked. “We fought but we had to do it from the beginning.”

The next game in the EuroLeague is another home fixture, this time against Spanish side Valencia on 22nd March.

 

 

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Photo credits: AS Monaco Basket, Facebook

Science and technical activities companies are Monaco’s biggest private sector employers

by: Stephanie Horsman
21/03/2024

Monaco’s private sector grew by 5.1% in 2023, bringing the total number of employees across a diverse range of industries to 58,326. 

A full 25% work in the scientific and technical activities fields, which includes administrative and support services, although just under half of these are seasonal or temporary workers.  

This portion of the private sector is also the Principality’s fastest growing. Within the scientific and technical activities realms of expertise, information and communication roles noted the biggest leap in positions, which rose by 10% over the course of 2023.  

See more: How much is the maritime sector worth in Monaco? €1.8 billion to be exact

Monaco’s hotels and restaurants, the accommodation and hospitality sector, accounted for 14% of all private sector employees, while the construction industry and companies offering other service activities, such as domestic staff, employed 11% of workers each.  

DEMOGRAPHICS  

The 5.1% increase in employees noted last year equates to 2,854 additional workers. Far more men filled these posts, 2,089 in total, compared to just 765 women.  

The overall gender split is equally unbalanced when looking at the private sector as whole, which was 62% male and 38% female in 2023. The average age of workers was 42.4 years. 

Monaco’s private sector is made up of employees from an astounding 140 countries. French nationals represent a full 61%, with Italians in second place. They account for 15% of the workforce.

In a rather surprising twist, it was Portuguese workers who rounded out the podium, with a 7% share. Monegasques, 1,012 of whom work in the private sector in the Principality, equal roughly 2% of the total. 

 

80% of workers are recorded as living in the Alpes-Maritimes, with one in four residing in a French town that neighbours the Principality, such as Cap d’Ail, Beausoleil or Roquebrune-Cap-Martin.  

11% of the workforce live in Monaco, according to the IMSEE report, while 9% live in Italy.  

In 2023, the private sector clocked up 103 million hours of work, 5.6 million more and a nearly 6% increase over 2022. 

To read the report, click here.

Read related:

Monaco’s tourism sector in 2023: Hotel prices hit new record

 

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Photo source: Mihai Gr, Unsplash