26 ° C
Breaking News

Three new cases of Covid-19 on 2 July brings total in Monaco to 106: 6 home monitored, 95 cured, 1 resident death

Monaco still top of the prop

Monaco still top of the prop

By Staff Writer - December 29, 2016

monaopropertThe latest Knight Frank Prime Global Cities Index has reconfirmed Monaco as having the most expensive real estate worldwide.

The top-end agency reports that $1 million (€954,000) buys only 17 square metres in the Principality, less than in any other city. While prices continue to increase each year, with a 10 percent jump in 2015, Knight Frank says that high demand and a limited supply have caused property prices to rise by 27.8 percent over the past five years.

Largely due to a surge of buyers from Asia, Vancouver had the fastest house price growth of any city during the 12 months to September 2016, with an average increase of 32 percent. Later in the year, demand was somewhat dampened when British Columbia introduced a 15 percent transaction tax for foreign buyers. (Feature image: Photo: Tobi 87)

READ ALSO: Pastor Real Estate lights up Shepherd Market with the help of Elizabeth Hurley
READ ALSO: Monaco residents rank number one

Previous articleBank accounts become more expensive
Next articleMore top acts for Circus Festival


July 3, 2020 | Business & Finance

MEB pays a working visit to the DEE

Cassandra Tanti

The MEB has met with the Economic Development Department to strengthen collaborations and learn more about the role of each group.

July 1, 2020 | Business & Finance

Jeremy Williman’s Dragonfly capstone

Simon Pavitt

Jeremy Williman, the man behind the retractable barrier system ‘Tensabarrier’, speaks about his new project, the ‘Dragonfly’, a hyperscooter bringing luxury to the future of micro-mobility.

July 1, 2020 | Business & Finance

Inflation up in Eurozone

Stephanie Horsman

Inflation unexpectedly rose in June in the Eurozone, prompting fear among experts that consumer price growth will be stunted for several years.

June 30, 2020 | Business & Finance

Government lays out latest recovery plan

Cassandra Tanti

Monaco will extend its financial support for businesses most affected by the Covid crisis as part of a new four-point plan to revive the local economy.