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