With its exceptional real-estate market the Principality of Monaco attracts millionaires to invest into Monaco based properties. Based on the success of our previous articles called “Understanding Monaco: Exceptional as you are” we decided to dive into the secrets of the Principality with the help of Monaco’s dynamic real-estate agency, Monte-Carlo Estates.
To buy an apartment in the Principality of Monaco often requires a guided decision therefore we requested Monte-Carlo Estates to guid our readers through the most important steps and good-to-know practices when someone aims to purchase a property.
“One of the most important step is to find a client oriented real-estate partner instead of a transaction oriented one.” - says Gianluca De Lucia, director of Monte-Carlo Estates
Why is this important? Because for instance Monaco is in a rapid development. Thinking about the new land extension project nobody wants to purchase an apartment which will be overshadow by another one in the next two years.
A transaction driven real-estate agency may forget to tell you that from the next year on there will be a construction next door, which will bring uncomfortable noises, it destroys the view and also it will decrease the future value of the property. And as for any investor an investment is only good if it can maintain its value.
“By working with a good partner you can easily identify and estimate the current and future market value of your targeted property.” - says Gian...
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