Press Release Summary = Monaco is getting ready for the very welcome
invasion of race fans and celebrities which makes the Monaco
Grand Prix such a unique occasion…
Press Release Body = The Monaco Grand Prix ranks among the top sporting
events in the world, and for good reason.
The combination of Formula
One cars street racing and the influx of celebrities to the
playground of Europe make a heady mix for the annual event, and
is viewed as part of the social calendar for the world’s top
sports stars, actors, models and businessmen.
The circuit takes in Casino
Square and passes by the renowned Hotel de Paris in Monte Carlo,
making it one of the most recognisable hotels in the world.
The race started in 1929, organised by Monte Carlo resident and
founding president of the Automobile Club de Monaco, Anthony Noghes,
and the Grand Prix has made the world’s second
smallest country a destination of choice for many.
While Monaco enjoys the attention of the world’s media for one weekend
every May, she also attracts many people long term to become residents
due to her tax
haven status, and residents enjoy a zero rated income tax.
In recent years Monaco has attracted the wealthy for another visit.
The annual
Monaco Yacht Show in September has the most exclusive yachts
in the world moor at the harbour in Fontvieille, and the hotels
in Monte Carlo and Monaco are booked full nearly a year in advance.
For both events, the Monaco Grand Prix and the Yacht Show many visitors
stay in nearby Nice and travel in, and the hotels in Monaco enjoy
full occupancy at premium rates.
Monaco Real Estate
Once a European backwater, Prince Rainier turned Monaco into one
of Europe’s best known locations, combining glamour with an income
tax free policy that has attracted millionaires and billionaires
to the principality for the last forty years.
Real estate prices reflect the prestige and tax advantages of living
in Monaco. One local Monaco
estate agency report that currently they have a one bedroom
apartment, with no sea views, available at 880,000 Euros. And by
the time closing costs are taken into account this rises to around
a million Euros.
A two bedroom two bathroom apartment in Monte Carlo is available for 1,900,000 Euros.
And a five bedroom four bathroom apartment, recently featured on
the BBC’s Money Programme ‘No tax please – we’re rich’, in Fontveille,
the same area of Monaco where the Hotel Columbus, part owned by
Grand Prix driver David Coulthard, is situated with Mediterranean
views is available for ten million Euros.
With demand from clients worldwide the prices of real estate in
Monaco is likely to be among the highest in the world for the forseeable
future.
Commenting on the local property market, several estate agents have
reported good sales for Monte Carlo real estate and for Monaco generally
in the first quarter of 2006, with the top end of properties in
Monaco doing particularly well compared to the same quarter last
year.
And there are rumours among the owners of the hotels in Monaco and
Monaco Real Estate industry that two islands could be built with
bridges to connect them to Monte Carlo which would allow some 5000
new low
rise properties and a hotel to be built.
If the rumours become true of more availability of properties and
a new hotel in Monaco the possibility also exists of an extended
or changed circuit for the Monaco Grand Prix in years to come.
For a Monaco and Monte Carlo guide including the Monaco Grand Prix
http://www.yourmonaco.com Map of Monaco, weather, property and real
estate closing procedures and costs. Also, Monaco flight and Nice
hotels and airport information.
For the Hotel de Paris Monaco, the Columbus and other hotels in Monte Carlo
http://www.yourmonaco.com/hotels
Monaco Real Estate http://www.monacoproperty.net
Web Site = http://www.yourmonaco.com
Contact Details = Your Monaco, Welbeck House, High Street,
Guildford, Surrey, GU1 3JF, England
2009
