What makes Monaco one of the most expensive countries in the world
Monaco is one of the most beautiful and expensive countries in the world.
Everyone dreams of having a lavish lifestyle in their beautiful home where they can turn their dreams into reality. However, if we are realistic, it is almost impossible to live a life of luxury if you cannot afford it. Even when people travel to distant countries, depending on where you are in the world, the costs can vary. Just as five-star hotels charge more for their high-end facilities, living in a safe and serene environment can also be quite expensive. We see many rich people moving to Monaco and starting a new life there. But what’s the whole attraction? Well, Monaco is one of the most expensive countries in the world. So how did Monaco win this title? We’ll take a look.
The Beautiful Monaco
If you were offered to start over in a country with an excellent climate and a cool and beautiful environment, how could you refuse? Unfortunately, moving to Monaco could well cost you a lifetime. If you think you can get a great house with just a few hundred thousand dollars, then you’re wrong. Even $200,000 can only help you buy a nice bathroom.
When it comes to real estate, Monaco takes the crown by being the most expensive place in the world. There’s a reason why people call this place the “Billionaires’ Playground”. Rich enough people can easily buy a nice piece of real estate. This is why many celebrities and business owners have fully furnished and staffed homes in Monaco.
What makes it so expensive
All these qualities are the reason why nearly 32% of the population are only millionaires, and the rest are multimillionaires or billionaires. These residents invest in properties and have their luxury yachts in Monaco, and enjoy their holidays serenely.
Political and social balance
So how did Monaco manage to retain its title of most expensive city? It takes a lot of effort and development. You want to offer your citizens the best quality of life. Monaco attaches great importance to its economic stability because the working class must have confidence in its homeland. According to World Bank measurements, Monaco is one of the best countries with political and social balance.
The superior safety of life
Well, Monaco has the most effective surveillance system which is 24/7 and installed in every corner of every city. In addition, for every 100 inhabitants, there is a police officer available at all times to ensure that everything goes well. You don’t have to worry about damage to your property while you’re there.
A lucrative real estate market
Some of the other things you can enjoy in Monaco are top-notch healthcare, elegant spas, Michelin-starred restaurants, high-fashion boutiques, and more. Several major events are organized in great detail so that each resident can have the time of their lives. There is the famous Monaco Yacht Show which is perfect for yacht lovers. You can enjoy breathtaking galas, various cultural and artistic events, operas and peaceful beaches.
The authorities of Monaco ensure that nature and marine life thrive so that everyone feels nurtured and happy. The average price of real estate is double what it is in New York. This explains why visiting Monaco feels euphoric and you never want the vacation to end.
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Sources: Balkin Estates, Business Insider
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