Homes in Monaco are Now the World’s Most Expensive

Homes in Monaco are Now the World’s Most Expensive

According a report from Savills, Monaco now has the world’s most expensive home prices. Monaco with an approximate population of 38,400 recorded an average resale price of US$44,992 per square meter in 2016. The value of total transactions also reached a record high of US$2.93 billion.

“an average resale price of US$44,992 per square meter in 2016.”

~ Bloomberg

Monaco has overtaken Hong Kong which is the second most expensive prime residential market with prices at US$42,489 per square meter.

Related Reports: Mansion Global, Bloomberg

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5-story Penthouse for Sale in Monaco for $335 Million-Plus

5-story Penthouse for Sale in Monaco for $335 Million-Plus

A five story penthouse in Monaco’s highest building is one of new properties coming up to cater to the increase of the super rich moving to Monaco. The five-storey penthouse on offer at Tour Odéon has a 3,500 square meter floorplan, infinity pool and waterslide. The developers has claimed that is current secret selling value may reach well above the 300 million euros price tag.

“Property prices is also one of the most expensive in the world with super prime values approaching 100,000 euros per square meter.”

~ CNBC

The number of people living in Monaco with net assets above $30 million has increased by 62% in the past decade. Property prices is also one of the most expensive in the world with super prime values approaching 100,000 euros per square meter.

Related Reports: CNBC

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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