The market is driven by foreign buyers, particularly from Asia and the Middle East, who are attracted to the principality’s luxury lifestyle and tax benefits.

The Rise of Luxury Real Estate in Monaco

Monaco’s real estate market has experienced a significant surge in recent years, with property prices increasing by 60% compared to a decade ago. This growth can be attributed to the principality’s unique blend of luxury lifestyle, stunning natural beauty, and favorable tax environment. The average price per square meter in 2023 was a staggering €51,418, making Monaco one of the most expensive real estate markets in the world.

Factors Driving the Market

Several factors contribute to the allure of Monaco’s real estate market, particularly among foreign buyers. These include:

The Role of Foreign Buyers

Foreign buyers, particularly from Asia and the Middle East, play a significant role in driving Monaco’s real estate market.

It is also a hub for international business and finance, with many multinational corporations having a presence in the country. Furthermore, Monaco is known for its stunning natural beauty, with crystal-clear waters, picturesque villages, and breathtaking mountain scenery.

A Luxury Lifestyle in Monaco

Monaco is a destination that embodies the essence of luxury living.

The country’s strong economy and favorable business environment also contribute to its safety.

A Safe Haven for Tourists and Residents

Monaco is a popular tourist destination, attracting millions of visitors each year. The city’s safety is a major draw for tourists, who can enjoy a wide range of activities, from luxury shopping to high-stakes gaming. The principality’s compact size and well-organized infrastructure make it easy for visitors to navigate and find their way around.

The Visionary Behind Mareterra Monaco

Mareterra Monaco is the brainchild of Prince Albert II, who has always been passionate about sustainable development and innovative urban planning. As the Sovereign Prince of Monaco, Prince Albert II has been instrumental in shaping the country’s vision for a greener, more sustainable future. His commitment to environmental protection and social responsibility has led to the creation of Mareterra Monaco, a revolutionary new district that embodies the values of eco-friendliness and community-driven development.

The Concept of Mareterra Monaco

Mareterra Monaco is an eco-district that combines innovative architecture, sustainable design, and cutting-edge technology to create a unique living experience. The district is designed to be a model for future urban development, showcasing the possibilities of eco-friendly design and community-driven living. Mareterra Monaco features a range of eco-friendly buildings, including residential units, offices, and public spaces, all designed to minimize environmental impact and promote sustainable living. Key features of Mareterra Monaco include: + Energy-efficient buildings and renewable energy sources + Green spaces and parks for recreation and relaxation + Electric vehicle charging stations and public transportation options + State-of-the-art waste management and recycling facilities

The Benefits of Investing in Mareterra Monaco

Investing in Mareterra Monaco offers a unique opportunity for real estate investors to be part of a pioneering project that sets a new standard for sustainable development.

The development is a joint venture between the Government of the Principality of Monaco and the French company, Société des Bains de Mer (SBM).

The Concept and Vision

Mareterra is a master-planned development that aims to create a new urban lifestyle, blending seamlessly into the existing Principality of Monaco. The project’s concept is centered around the idea of creating a vibrant, sustainable, and connected community that showcases the best of Monaco’s natural beauty and rich history. The development will feature a range of luxury residences, from apartments to villas, as well as a variety of amenities and services, including: + A 5-star hotel + A luxury spa and wellness center + A private beach and marina + A range of restaurants, bars, and cafes + A state-of-the-art sports complex + A children’s play area and nursery

The Design and Architecture

The Mareterra development is designed by the renowned architecture firm, Kohn Pedersen Fox Associates (KPF), in collaboration with the local architecture firm, Atelier 10. The design is inspired by the traditional architecture of Monaco, with a modern twist that incorporates sustainable and eco-friendly features.

Located in the heart of the city, this 54-story building is a prominent landmark and a testament to the architectural prowess of its designers.

Architecture and Design

The sleek and modern design of Tour Odéon is a reflection of the city’s rich history and cultural heritage. The building’s façade is a stunning example of contemporary architecture, with a unique blend of curves and angles that evoke the spirit of the Mediterranean. The exterior walls are clad in a combination of glass, steel, and stone, providing a striking visual contrast that adds to the building’s aesthetic appeal. Key design features: + A sleek and modern façade with a unique blend of curves and angles + Exterior walls clad in glass, steel, and stone + A striking visual contrast between the materials and textures The interior design of Tour Odéon is equally impressive, with spacious and well-lit apartments that offer breathtaking views of the city. The building’s high ceilings and large windows provide an abundance of natural light, making the living spaces feel airy and spacious. The interior design is characterized by a minimalist aesthetic, with clean lines and a neutral color palette that creates a sense of calm and serenity. Key interior design features: + Spacious and well-lit apartments with breathtaking views of the city + High ceilings and large windows for an abundance of natural light + Minimalist aesthetic with clean lines and a neutral color palette*

Lifestyle and Amenities

Tour Odéon offers its residents a luxurious lifestyle, with a range of amenities and services that cater to their every need.

The Location of Bay House

Bay House is situated in the heart of Monaco, offering breathtaking views of the Mediterranean Sea. The development is nestled in the picturesque district of Jardin Exotique, which is known for its stunning gardens and tranquil atmosphere. The proximity to the sea and the beautiful gardens creates a serene and peaceful environment, making it an ideal location for those seeking a luxurious retreat. Key features of the location: + Breathtaking views of the Mediterranean Sea + Proximity to the sea and beautiful gardens + Tranquil atmosphere + Ideal location for a luxurious retreat

The Architecture of Bay House

Bay House is a stunning example of modern architecture, with sleek and sophisticated designs that blend seamlessly into the surrounding landscape. The development features a range of luxurious apartments, each with its own unique character and charm.

The building is a modern, sleek, and sophisticated design that blends seamlessly into the surrounding architecture.

The Luxury of Villa Portofino

Villa Portofino is a stunning example of modern luxury living, offering residents a unique blend of style, sophistication, and unparalleled views. Located in the heart of Monte-Carlo, this villa is the epitome of elegance and refinement, making it the perfect choice for those seeking a luxurious lifestyle.

Key Features

The Perfect Blend of Style and Functionality

Villa Portofino’s design is a masterclass in balancing style and functionality. The modern and sleek architecture is perfectly complemented by the spacious and airy apartments, which offer residents a comfortable and luxurious living space.

This luxurious hotel is nestled between the famous Casino de Monte-Carlo and the iconic Hotel de Paris.

A Luxurious Oasis in the Heart of Monte-Carlo

Le Mirabeau is a 5-star hotel that embodies the essence of luxury and sophistication.

But what does it mean to own a property in Monaco, and what are the benefits and challenges of living in this exclusive principality?

The Luxury of Ownership

Owning a property in Monaco is a status symbol that comes with a hefty price tag. The median price of a property in Monaco is around €1.5 million, with some luxury villas and apartments selling for upwards of €50 million. However, for those who can afford it, the benefits of owning a property in Monaco far outweigh the costs.

Benefits of Ownership