A view of Monaco Principality during the Monaco Yacht Show, one of the most prestigious pleasure boat events in the world. Photo: Reuters A view of Monaco Principality during the Monaco Yacht Show, one of the most prestigious pleasure boat events in the world. Photo: Reuters
A view of Monaco Principality during the Monaco Yacht Show, one of the most prestigious pleasure boat events in the world. Photo: Reuters
Business

Glitz and glamour of Monaco’s luxury property outshines dizzying prices in Hong Kong and New York markets

  • Tiny principality is world’s most expensive market for luxury property, where tennis star Djokovic and F1 champion Hamilton call home
  • Demand is boosted by celebrities and ultra-wealthy, drawn by the country’s favourable tax policies

Topic |   Capital gains tax
Cheryl Arcibal
Cheryl Arcibal

Updated: 6:19pm, 7 Jul, 2020

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A view of Monaco Principality during the Monaco Yacht Show, one of the most prestigious pleasure boat events in the world. Photo: Reuters A view of Monaco Principality during the Monaco Yacht Show, one of the most prestigious pleasure boat events in the world. Photo: Reuters
A view of Monaco Principality during the Monaco Yacht Show, one of the most prestigious pleasure boat events in the world. Photo: Reuters
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