5. Offers Luxurious Real Estate
As mentioned before, Monaco has been one of the most popular choices of residence. However, the city-state is only 0.78 square miles wide.
What is the result of many rich people wanting to live in the same limited area? Expensive real estate. Monaco is the world’s most expensive in terms of real estate.
The average price of real estate in Monaco is around $6,000 per square foot. As comparison, the average real estate price in New York, USA is only around $2,000 per square foot.
Keep in mind that the price of real estate will only go higher and higher. And considering the high level of demand and the rising popularity of Monaco, people who live in Monaco will end up getting richer with the increasing value of the real estate they own.
