Boost in Q4 for Monaco Real Estate

Wednesday, November 16 2005 at 15:39

Monaco’s annual yacht show which ran Wednesday 21 September to Saturday 24 September attracted over ninety of the world’s finest yachts and five hundred of the world’s best yachting companies.

The show has grown in popularity over the fifteen years since it began, and this year attracted over twenty thousand visitors to the Principality.

The luxury yachting market has tripled in the last eight years, and helped along by orders from Russia’s ‘nouveau riche’, the industry has seen an increase in orders of over a quarter in the last year alone.

But while luxury and Monaco are often associated, poor sales and a possible drop in property prices haven’t been seen in the Prinicpality’s real estate sector for over a decade.

Read more about the dynamics of Monaco real estate market in 2005 at http://www.newswiretoday.com/news/2096/.