Category Archives: Monaco

Monaco Monte Carlo

The Principality of Monaco is barely two square kilometers full of art and culture, fine dining, sumptuous hotels, luxury shopping, non-stop nightlife and excitement in the legendary Monte Carlo. This and much more, one will experience, if you visit the small country on the French Riviera.

Monte Carlo is not the capital of Monaco, as some mistakenly believe, without a district in Monaco. The country is divided into seven districts / areas: Annonciade (the first district coming from France), Larvotto (with Monaco’s only beach), Monaco-Ville (old sta’n), Condamine (Port), Monte-Carlo the casino), the Jardin Exotique (Botanical Garden and its neighborhood) and Fontvieille (recreation and light industry). Without any natural resources to explode beyond its location and climate, the Promenade has become a resort for tourists and a tax heaven for private individuals and businesses. Monaco is six times larger than the Vatican and the world’s most densely populated country.

A large part of the available real estate market in Monaco consists of apartments, from small studios to large luxury duplex, triplex and penthouse floors. View of the harbor and the Formula 1 course is of course more expensive. There is also a selection of luxury villas and beautiful townhouses and these are even more valuable.

Acquiring a house or apartment in Monaco is quite simple. There are no restrictions for foreigners. You need the help of a lawyer to ensure that the terms of the agreement are accurate and in accordance with the law. The purchase is usually done in two steps: Write purchase contract and then “closing” at a notary. At the time of signing the purchase contract, buyers are required to pay a deposit of 10% of the price, which may be deposited on a client agent account with the lawyer. You may also be asked to sign a pre-contract. This is commonplace with a highly sought after and attractive apartment or house. There is no consumer protection that gives you the right to retrieve a quick purchase and thereby recoup your deposit money.

Cost of purchase as a percentage of the agreed price is; a registration fee of 4.5%, a fee of 1.5 to 2.5%, local tax payers tax of 3% + VAT of 20.6%, plus 20.6% VAT for newbuildings or houses and apartments under construction .

Climate in Monaco

Monaco’s excellent location on the French Riviera provides a pleasant climate all year round with mild weather and a lot of sunshine. During the high summer season the average temperature is around 20 – 30 degrees and there is no big danger of rain. In July and August, you can actually enjoy over 300 hours of sunshine. Even though Monaco has warm temperatures, it’s never too hot here. This is thanks to the mild breeze as fans of the Mediterranean. The winters in Monaco are short and mild, but it’s also like most of Monaco’s rainy days. The lowest temperatures are usually found in January when the average temperature drops to about 12 degrees to rise to an average temperature of 16 degrees in April.

The food in Monaco

Monaco is a vibrant and luxurious city inspired by both French and Italian cuisine over the centuries. The proximity to the sea is obvious, not to mention Monaco’s exclusive and glamorous inhabitants.

Some of the most popular dishes in Monaco are fougasse, a type of bread with almonds and nuts. Stocafi, a tasty fish casserole made of cod and barbagiuan, ravioli with pumpkin, rice, spinach, cheese and leek served with sugary croquant biscuits.

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