Monaco World

Monaco is World’s Priciest for Prime Apartments

Monaco Yacht Show 2017

Monaco, the tiny, independent region on the French Riviera known for its yacht-lined harbors and tax breaks :

commanded the highest price-per-square-meter worldwide for its prime real estate in the third quarter, according to a report by New World Wealth released Wednesday.

A prime apartment—which New World Wealth determines based on location and size—in the area now costs $48,000 per square meter (rounded to the nearest 1,000), the report said. The figure is an increase of $1,000 compared to last year’s third quarter, when Monaco also topped the list of the 30 prime property hotspots worldwide.

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