Page 100 - Monaco Economie 125

WHAT ELSE

Monte-Carlo accounted for 80% of the market,
with prices between €50,000 and €70,000 per
m , with a peak at €100,000 per m . Average
prices ranged between €30,000 and €50,000 in
the Exotic Garden area, between €40,000 and
€60,000 in Fontvieille and a Rousse, between Combien de temps fonctionne
€35,000 and €60,000 in a Condamine and
between €50,000 and €80,000 in arvotto. un appareil avec 1 kWh ?

What type of property is most in demand?
There is a strong demand for four bedrooms
and above (an increase of more than 41%) Plaque
compared to 2020 and for two bedrooms (an à induction
increase of 8% compared to 2020).
Radiateur
What are the reasons given by new residents d’appoint

concerning the specificities of Monégasque
real estate? Sèche
One of the main characteristics of the cheveux
Principality lies in the fact that the taxation Monte Carlo Palace
for natives is very attractive. The only direct Four à
tax in the Principality is corporate tax and only At what stage is the digitisation of the will be slow and careful as, if it is possible to micro-ondes
for those that generate more than 25% of their property market? design a blockchain without cryptocurrency,
turnover internationally. There is no wealth The real estate sector has long remained so far most blockchains require a fi nancial Machine
tax, property tax or housing tax. There is also sheltered from major innovations. Anchored incentive for miners and, therefore, have an à laver
no tax on investments or income generated in traditional methods, the property market associated cryptocurrency. owever, in the Fer
outside of Monaco. Monaco remains one of only saw a real upheaval a few years ago. current economic context, the volatility of à repasser
the few states where residents are not required The emergence of PropTech (contraction of the cryptocurrency market inspires mistrust

to file tax returns. Inheritance tax applies to property and technology) is shaking up the more than enthusiasm. It is the same for Téléviseur
property located in Monaco or having its base entire real estate market. These new types of the metaverse, this new virtual world, too LCD
there, regardless of the domicile, residence estate agencies offer many advantages over experimental to date for investors, who cannot
or nationality of the deceased or the donor traditional agencies. Fixed fees are one of the afford to take reckless risks. Ordinateur
(subject to the provisions of the Franco- main advantages offered to clients. The use portable
Mon gasque convention of 1 April 1950). of digital tools and the elimination of physical
The level of taxation is made according to the points of sale have allowed a colossal reduction Ampoule 60W
degree of kinship between the deceased and in agency costs. Many start-ups have shaken classique

the heir, ie 0% in direct parent-child affiliation up the real estate market in recent years by
or between spouses, and 16% between non- seeking to modernise the offer, making it more Réfrigérateur
relatives. suited to social and economic changes and to
The internal security policy in the Principality customer expectations in terms of transparency Borne
of Monaco is a fundamental foundation and innovation. WiFi
for maintaining the climate of confidence This trend towards digitisation is also currently
in economic matters for which it is known. shared by the largest operators in the market, Ampoule LED

Confidence in the Principality attracts not only indicating a relevant response to deal with équivalent 60W
cautious, wealthy investors and international periods of uncertainty. The health crisis has
companies for its unique business prospects reinforced this fundamental dynamic at all Guirlande
but also families concerned about giving their levels of the real estate market. Regarding de Noël
children access to a demanding education the tokenisation of real estate, it still remains
system in a privileged environment. vague and abstract for many players. It is,
The Principality’s attractiveness factors are not actually, the registration of an asset on a
lost on investors, who particularly appreciate token, in order to allow its management
the real estate market for its intrinsic qualities. and peer-to-peer exchange on a blockchain,
The asset value of real estate remains in a instantly and securely. Tokenisation has several La Boutique by SMEG
resilient bubble in the face of crises and global advantages. Whilst a few property transactions
geopolitical events that hit similar markets in have been made through blockchain - and 11 allée Guillaume Apollinaire

other countries more severely. there is significant interest in it - the evolution Florestan Suivez-nous :
smeg.mc
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