Monaco Yachts Attract Royalty and Multi-Millionaires

The super yacht industry has gone from strength topotential property buyers to view properties.
strength in recent years, and the Monaco Yacht Show'If someone is visiting Monaco for the Yacht Show and
has proved to be the natural home for their annualhas several million Euros available, it's a pretty safe
display to would be buyers.assumption that those buyers will have a few million
Spotted among possible buyers was British Royalfor a property too, and a luxury yacht and Monaco
Prince Michael of Kent.Real Estate appeal to the same type of buyer.'
The world's leading luxury yacht show in Monaco heldTypical of Monaco Real Estate prices is a two
18-22 September is to pay for 55 wind turbines in Newbedroom two bathroom apartment in Seaside Plaza,
Zealand - enough to generate power for 45,000close to where the Yacht Show is located, at
homes - making the event 'carbon neutral'.3,700,000 Euros.
Under the watchful eye of Prince Albert, the yachtMonaco Hotels
show is part of Monaco's new stance on globalThe emergence of the Yacht Show has helped the
warming, and comes shortly after Prince Albert himselfMonaco economy by drawing the world's wealthy to
travelled to the North Pole in April to highlight thethe principality for four days in September.
damage he believes global warming is having on theUntil recently the Monaco Grand Prix in May and the
environment.Monte Carlo Masters tennis the month before have
'Since Prince Albert came to the throne last year'been the two main events of the year which boost
commented one Monaco travel guide after the show,the occupancy levels of the hotels in Monaco.
'Monaco has changed her policy from one of the fewWith the Yacht Show in September filling the hotels at
countries not to sign the Kyoto Protocol to not onlypremium rates, it has proved to be a welcome addition
signing it but taking a lead in the battle against globalto the calendar of events for both residents and
warming. Prince Albert has personally taken steps tobusinesses alike, and the Hotel de Paris Monte Carlo
show how concerned he is, and by setting theproved to be the scene of many deals being signed
example of going to the North Pole has shown theover the four days.
leadership necessary to encourage MonacoThis year also saw the first Monaco Flower Show,
companies to become environmentally friendly, and thewhich it is hoped will also be a tourist magnet in future
Monaco Yacht Show is an example of this'.years.
The Monaco Yacht Show has bult a reputation over'In the past Monaco has had the highlights of the
the years as the place for the wealthy to viewMonaco Grand Prix and the tennis, with consistent
potential purchases, and this year there will be nearly anumbers of visitors the rest of the year,' say the
hundred yachts on display to those able to afford it.Monaco travel guide, 'but Monaco is becoming much
In total some 22,000 visitors attended with over 500more diverse in what it offers throughout the calendar
exhibitors from the yachting world exhibiting.year. The Yacht Show has been a success, and given
The mix of wealth and Monte Carlo also means thata little time the Monaco Flower Show will appeal to a
real estate agents in Monaco were on full alert. Indifferent type of tourist, and might be as popular as
previous years the Monaco Yacht Show has oftenthe Hampton Court and Chelsea Flower Shows are in
proved more beneficial for the realtors than thethe UK. Diversity is the key to sustained tourism, and
Monaco Grand Prix.Monaco is doing it very well.
The Monaco Grand Prix attracts tens of thousands ofDespite being the second smallest country in the world,
Formula 1 fans annually to the principality at the end ofMonaco has attracted many of the world's top
May, but with some Monte Carlo streets closed,business and entertainment people to live there due to
showing property in Monaco can be more problematicher income tax free status, and with Prince Albert at
than during the Yacht Show.the helm it seems that the principality is beginning to
A Monte Carlo real estate agent says that the morepunch above her weight in world politics as he takes
relaxed atmosphere of the Yacht Show allowsthe lead on environmental issues', they add.