Monaco, a tiny sovereign state situated on the French Riviera, is often described as a “billionaires’ playground” for good reason. As well as being famous for the annual Formula One Grand Prix, the glamour of the Monte-Carlo Casino and home to some of the largest superyachts in the world, Monaco is also known for being home to the most expensive real estate on the planet.
Property prices aside, Monaco has a unique real estate and financing system. Things move fast and those who are not accustomed to the way things work here can be taken by surprise. Transactions are often carried out before properties even come onto the open market, for example. And given real estate prices are so high, the traditional methods for financing property purchases in France and the surrounding areas are often rewritten in Monaco.
At Enness, we work with some of the leading experts in the Monaco real estate and finance fields. From our office in Fontvieille, the Enness team assists clients to the best possible deal from a range of best-in-class providers.