21 ° C
Breaking News

Covid latest: 19 hospitalised - 18 res, 78 home monitored, 12,497 recoveries, 57 deaths, 411 incidence rate

Monaco drags behind Dublin’s property market

Monaco drags behind Dublin’s property market

By Staff Writer - November 20, 2016

Monacoproperty2Monaco is lagging behind Dublin in terms of prime property prices, according to the latest report from Knight Frank.

Dublin’s prime residential properties, defined as the top five percent of the housing market, increased by 0.9 percent to 5.5 percent on an annual basis for the second consecutive quarter, making the Irish capital the highest performer in Europe.

Monaco – where supply remains limited – and Geneva both grew at 1.8 percent annually, followed by Edinburgh with 1.6 percent growth, according to the property consultancy.

Although Vancouver remains top of the global index, its quarterly price growth fell to 1.5 percent in the three months to September, due largely to the introduction of a 15 percent tax for foreign buyers, a successful policy move intended to slow down price increases.

Overall, the Knight Frank index increased by 3.8 percent in the year to September 2016. In Europe, Vienna (-1%), Milan (-1.4%), London (-2.1%), Zurich (-3.3%), and Paris (-3.8%) all witnessed declines in prime property prices over the period.

READ MORE: Property prices in Principality jump 25% over 5 years
READ ALSO: Monaco property buyer younger and non-European, says report




Sign up to our newsletter
Previous articleMy Yacht Group hosts “epic” party aboard M/Y Turquoise
Next articleNFL organisers over the moon


June 21, 2022 | Business & Finance

MYS’s announces new Sustainability Hub

Stephanie Horsman

The Monaco Yacht Show has a new aspect they are rolling out for 2022. It’s called the Sustainability Hub and it will be welcoming companies that specialise in environmentally friendly superyacht technology.

June 20, 2022 | Business & Finance

Macron’s party fails to take absolute majority

Stephanie Horsman

The centrists of France have lost their majority in parliament due in part to gains by a new left alliance and a stronger than expected showing by the far-right.

June 17, 2022 | Business & Finance

Figures show strong economic start to 2022

Stephanie Horsman

The first quarter of 2022 showed remarkable signs of economic recovery in Monaco as the pandemic lessened its grip on the both economy and the world.

June 15, 2022 | Business & Finance

Top Marques Monaco a huge hit in numbers and sales

Cassandra Tanti

Thousands of car lovers turned out to celebrate the return of the Top Marques Monaco supercar show last weekend, with expectations exceeded in terms of sales and the number of visitors.