A Haven Of The Rich: What Makes Monaco One Of The Most Expensive Countries In The World
Everyone dreams about having a lavish lifestyle inside their beautiful home where they can turn their dreams into reality. However, if we are being realistic, then it’s almost impossible to live a life of luxury if you don’t have the means for it. Even when people travel to far-off lands, depending upon where you are in the world, the costs can vary. Just like five-star hotels charge more for their top-notch facilities, living in a safe and serene environment can be quite expensive too. We see a lot of rich people moving to Monaco and starting a new life there. But what’s all the attraction? Well, Monaco is one of the most expensive countries in the world. So, how did Monaco earn this title? Let’s take a look.
If you were offered to start over in a country with an excellent climate and a fresh and beautiful environment, how could you refuse? Unfortunately, moving to Monaco might just cost you entire life savings. If you think that you can secure a great house with only a couple hundred thousand dollars, then you’re mistaken. 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.” People who are quite wealthy can easily buy a beautiful piece of real estate. This is why a lot of celebrities and business owners have fully furnished and staffed houses in Monaco.
All these qualities are the reason why almost 32% of the population is just millionaires, and the rest are either multimillionaires or billionaires. These residents invest in properties and have their luxury yachts in Monaco, and enjoy their vacations peacefully.
Well, Monaco has the most efficient surveillance system that is 24/7 and set up in every corner of every town. Moreover, for every 100 residents, there’s a police officer available at all times to make sure everything is running smoothly. You don’t have to worry about any damage happening to your property when you’re there.
Some of the other things you can enjoy in Monaco are top-notch health care, elegant spas, Michelin-star restaurants, high-fashion couture shops, etc. Several major events are organized in perfect detail so every resident can have the time of their lives. There’s the famous Monaco Yacht show which is perfect for yacht lovers. You can enjoy stunning galas, diverse cultural and arts events, opera, and peaceful beaches.
The authorities of Monaco make sure that nature and marine life are thriving so everyone feels nurtured and happy. The average price of real estate is double what it is in New York. It explains why visiting Monaco feels like you’re experiencing euphoria, and you never want the vacation to end.
Sources: Balkin Estates, Business Insider
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