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Monaco’s Gross Domestic Product: A Report

papper money

Monaco’s GDP was 5.64 billion euros in 2015, compared with 5.32 billion in 2014. GDP recorded an increase of 5.4% by volume, corrected for inflation. Following the downturn noted in 2009, Monaco’s GDP is continuing to increase, although this growth is showing a reverse trend. The rate of growth in the Principality slowed down in 2015 but remains strong at …

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Monaco secondary property market in 2015

Monaco secondary property market in 2015

The Monegasque Institute of Statistics and Economic Studies (IMSEE) has published its annual review of the real estate market in Monaco. The sales of primary property have increased considerably, while the progress on the secondary market is quite slow. Only 15 secondary housing transactions were carried out between 2006 and 2014. Plus another two-room apartment and a villa over the …

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Total sales of primary residences in Monaco reach 454 million euros

Construction of La Petite Afrique in Monaco

Primary residence market in Monaco in 2015. Since 2010 Monaco has witnessed economic growth, with a parallel increase in its population. Consequently, the Monegasque real estate market has grown significantly, for both primary and secondary residences. According to the annual report published by the Monegasque Institute of Statistics and Economic Studies (IMSEE), the primary residence sector has shown its best …

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The most expensive real estate and the lowest property tax in Monaco

The most expensive real estate and the lowest property tax in Monaco

According to Knight Frank, a leading British real estate consulting company, Dubai and Monaco figure among the top 15 cities charging the lowest property tax, while London remains the most expensive. According to Knight Frank forecasts, Sydney will head the list of the cities with the lowest property tax in 2016. “As we enter a new era of higher interest …

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Fiscal and budget performance in 2016: MONACO’S BUDGET HAS INCREASED BY 2.1%

Fiscal and budget performance in 2016: MONACO’S BUDGET HAS INCREASED BY 2.1%

The Principality has published its budget for 2016, showing a 2.1% increase compared to the same period last year. As of 30 April 2016, the budget amounted to €352 million, €7 million higher than last April, and €8 million higher than forecasts. The money paid into the Monegasque treasury this year from taxpayers totalled €264 million, while in April 2015, …

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