A combination of its small size and a friendly tax regime that attracts the world’s wealthiest individuals to its shores has made the principality of Monaco the world’s most expensive luxury property market, topping the likes of Hong Kong, New York, London and Paris, according to Savills.A home in the tiny kingdom on the Mediterranean Sea cost an average 48,150 euros (US$54,010) per square metre as of the end of 2019, or 7.7 per cent higher than in Hong Kong and almost double the level in New…
Source : South China Morning Post
Read more…Glitz and glamour of Monaco’s luxury property outshines dizzying prices in Hong Kong and New York markets















