MONACO / ACCESSWIRE / June 10, 2022 / Monaco Real Estate firm, Caroline Olds Real Estate, have shared their views in line with a recent government report from the Monegasque Institute of Statistics and Economic Studies (IMSEE). The comprehensive report, titled “Real Estate Observatory 2021” was released earlier this year and breaks down a wide range of statistics about the Monaco real estate market. After a careful study of the report, they have released their breakdown of the information contained in this comprehensive study.
According to a posting on the Caroline Olds Real Estate website, the conclusions reached about the Monaco sales statistics are very positive for investors. Last year the average home resale price was 5,000,000€. The report overall shows that the real estate market in the principality is strong and stable, with the Monte-Carlo district leading with the highest values per square meter. While many of the world’s oldest family fortunes can be found in Monaco, more recently they have seen an increasing number of young entrepreneurs and investors attracted to the Principality.
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Owner Caroline Olds expanded on the firm’s response to the report, “Monaco property remains the most sought after in the world, with annual sale and resale transactions reaching 2.3 billion Euros in 2021. This included 440 sale (new build) and resale transactions on 2.1 kilometers of land!
For the first time the price per square meter exceeded the symbolic mark of 50,000€, approaching 52,000€. By comparison, average square meter prices were 28,173€ back in 2010, which means that there has been a remarkable 75% increase over the last decade.
The Monaco real estate market has proven time and again and without exception, how resilient and stable it is. One thing is for certain, vibrant Monaco is as popular as it has ever been.”
ABOUT CAROLINE OLDS REAL ESTATE
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With over 30 years’ experience in real estate, Caroline Olds Real Estate is known for delivering a VIP Service. They are well connected and believe in gained trust, respect, and true partnership with everyone they work with. That gives them the advantage of excellent connections and harmonious relationships with customers and fellow agencies alike.
Whether it is buying, selling, or renting, they offer the best selection available. Their absolute accountability and passion for real estate, backed by extensive research and a tireless work ethic, ensures that their clients find the perfect home. They are dedicated to demonstrating full accountability with every interaction.
To contact them today for help with your Monaco real estate needs please see below. Caroline Olds Real Estate can assist with residential or commercial property to buy or rent in Monaco. They can also help with your relocation to Monaco, with Monaco bank referrals, and finding offices and other business premises in Monaco.
CONTACT: Caroline Olds
PHONE: +377 93 25 86 66
EMAIL: [email protected]
SOURCE: Caroline Olds Real Estate
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https://www.accesswire.com/704663/Caroline-Olds-Real-Estate-Reflects-on-the-Annual-Report-Published-by-the-Monaco-Institute-of-Statistics-and-Economic-Studies