| The number of residency applications from
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| | principality is Europe's best known tax
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| women in Monaco is increasing, according
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| | haven, with residents enjoying a zero
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| to a Monaco travel guide.
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| | rated income tax.
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| Best known of Europe's tax havens, Monaco
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| | With property prices among the highest in
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| has also been seen as a social gathering
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| | the world, residents of Monaco normally
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| and vacation place for the rich - and
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| | need to spend six months a year there to
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| home to successful businessmen enjoying
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| | maintain residency.
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| the zero per cent income tax policy.
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| | An announcement has been made recently
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| With the social highlights of the Monaco
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| | that a new island is to be built off
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| Grand Prix, the luxury yacht show and the
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| | Monte Carlo, and this will provide more
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| casino, the image of Monaco's incoming
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| | land and property in the world's second
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| population could be misconstrued as a
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| | smallest country.
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| male dominated business orientated
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| | Bidders for the development have been
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| environment, with women taking their
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| | asked to take the environment into
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| place behind the casino dealing tables
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| | account - and also the Monaco Grand Prix.
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| and the pit lanes for the Monaco Grand
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| | Which suggests a possible new route for
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| Prix.
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| | the race.
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| But the incoming mix is changing, and
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| | Despite being one of the world's most
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| with it Monaco and Monte Carlo's image.
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| | glamourous sporting events the Monaco
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| A Monaco travel guide claims that the
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| | Grand Prix is notorious for a lack of
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| change has been noticeable in recent
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| | overtaking opportunities, and the new
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| years, with more women taking top
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| | space might in time address the
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| positions in the banks and finance houses
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| | historical criticism of the race.
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| in Monte Carlo.
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| | Property prices in Monaco are high due to
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| 'Even ten years ago it would almost
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| | the lack of land - in the past one of the
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| certainly have been a man you would be
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| | districts, Fontvieille, had much of its
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| seeing if you wanted to open a bank
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| | area reclaimed from the sea, but property
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| account in Monaco. Now there's a fairly
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| | prices there equal those of the better
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| good chance that the manager will be a
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| | known Monte Carlo.
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| woman, who earned the position on merit'.
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| | One of the best known buildings in
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| Further evidence of the change in
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| | Fontvieille, Seaside Plaza, has average
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| Monaco's population comes from a Monaco
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| | prices of three to four million Euros for
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| real estate specialist company who have
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| | a three bedroom apartment, and a four
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| noticed a bigger percentage of their
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| | bedroom four bathroom one is currently on
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| enquiries coming from women.
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| | the market at close to ten million Euros.
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| 'The amount of women enquiring for a
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| | One property company who specialise in
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| property in Monaco has increased in
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| | Monaco property doubt that prices will
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| recent years', they say. 'At one time it
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| | ease much.
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| was mainly businessmen who were selling
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| | 'By the time the development is finished
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| up and looking for a tax haven to retire
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| | prices would probably have gone up in
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| to. There's definitely more businesswomen
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| | Monaco anyway, and this new development
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| looking for property in Monaco now, and
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| | on the housing side is likely to be
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| more women of independent means too.'
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| | aiming for quality rather than quantity',
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| A report in the UK from the Centre of
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| | they claim. 'It's almost certain that the
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| Economics and Business Research suggests
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| | properties will be snapped up by
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| that the trend of more women deciding
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| | investors off-plan, and then come back to
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| independently to move to the tax haven of
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| | the market with a premium once the
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| Monaco might increase as they suggest
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| | buildings are complete. The development
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| over half of millionaires in a few years
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| | in itself will attract more attention to
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| time will be women.
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| | the Monaco property market. In the short
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| Monaco Residency
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| | and medium term prices are likely to rise
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| As well as the Monaco Grand Prix, the
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| | in Monaco rather than fall'.
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