Real estate prices in Monaco have doubled since 2006, despite the global financial crisis, reports World Property Channel referring to agency Knight Frank.
Experts say that the real estate market in Monaco has no crisis signs, because the average housing price is about €31,300 per square meter now. Since the beginning of 2012, prices for elite real estate in Monaco rose by 10%.
For example, in 2012, 18 of the 24 apartments in the 49-storey residential tower Odeon Tours were sold to European buyers at the price of more than €19.6 million each. Also you can buy cheaper apartment in Monaco - about €7.1 million.