Why Live in a Monte Carlo Real Estate?

Monaco is arguably the haunt of Europe’s elite. In this French-dominated Monegasque state, they enjoy luxurious standards of living unknown to other countries, and get the sort of accommodation and R&R many failed to offer. That’s not to mention the fact that while they are Monaco’s official residents, they are safe from taxes and, thanks to an efficient police force, all sorts of crime.

Now Monaco is divided into four primary municipalities: Monaco-ville, Monte Carlo, La Condamine and Fontvieille. Of these divisions, Monte Carlo is probably the best known, having become synonymous to the principality itself.

What Makes Monte Carlo Popular?

Monte Carlo’s popularity is easily understandable, considering the attractions and events that draws crowds to the municipality. Here’s a sampling.

  • For one, Monte Carlo usually hosts the Circuit de Monaco, the Formula One racetrack wherein the famous Formula One Monaco Grand Prix regularly takes place. The municipality also caters a variety of sports and other entertainment.
  • Everyone loves amusement and Monte Carlo has plenty of it. The quarter’s entertainment complex includes the Les Ballet de Monte Carlo’s office and the Grand Théâtre de Monte Carlo, a major Monaco opera house.
  • Finally, there’s the magnificent Hotel de Paris that was in place since the late 19th century. You won’t miss its imposing, heavily decorated facade.

Own a Monte Carlo Residence

Knowing all this, you might just want to find a place to stay for good in the municipality of Monte Carlo. Don’t just settle for home rentals if you want to enjoy your life in this municipality. Go for the bigger fish, and with that, we mean purchasing a full-fledged real estate property.

However, given the common knowledge that buying a residence, not just in Monte Carlo but the entire Principality of Monaco can be quite expensive, you’ll probably think that the process will also be a difficult one. Well good news: owning a Monte Carlo real estate property is not.

A Quick Overview of Monte Carlo Real Properties

Monaco has a very healthy real estate industry, and this is pretty much reflected upon Monte Carlo. Given the rather small space the city occupies, most residences are of the apartment type. Residences at the first floor of Monte Carlo’s high rises and those in nonstrategic locations are typically the cheapest. Meanwhile, flats with nearby amenities or those that offer great views of the city may cost millions of Euros. Closing costs make these Monte Carlo real estate properties a lot more expensive, thanks to the legal fees attached.

Be a Resident of Monte Carlo and Monaco as a Whole

Note that once you’ve obtained the deed, make sure you stay for at least six months. After your half year stay, you may then obtain your residence status and enjoy a tax free existence within the principality’s borders.

Chill, be entertained, try to break the bank, or simply live in tax-free leisure. Monte Carlo truly does offer a lot of possibilities for those who can afford to stay.

Monaco Grand Prix – A True Test of Driving Prowess

People have a lot of reasons to come to Monaco. There are those who come to see the sights, there are those who simply want to engage in the city’s recreational activities, while there are those who come seeking for good entertainment. Enjoying some of Monte Carlo’s amusement can fulfill the last and the one preceding it. Failing that, visitors can always schedule their trip to that time of the year when the Monaco Grand Prix is held.

Racing is the one thing aside from entertainment that made Monaco famous. The fact that the Grand Prix attracts a multitude of spectators and racers every year is evident of this. Indeed, one of the first things that comes to mind whenever the words “Monte Carlo” or “Monaco” is mentioned is “Formula One”.

History of the Grand Prix and Formula One

The Prix was first organized in 1929 by Anthony Noghes. This was done under the patronage of the Automobile Club of Monaco. Soon after, the first Grand Prix was held, and the competitions went on until war broke out in 1939. The races resumed in September 1945, around four months after the war, a few years after which the Formula One category was introduced.

Significance of the Prix

The Monaco Grand Prix is ranked among the most important and prestigious automobile races, the others being the 24 Hours of Le Mans and the Indianapolis 500. The Prix is held yearly on the Circuit de Monaco. This circuit is laid out on the streets of the city, often in the municipality of Monte Carlo. The course tends to be narrow and twisty, often including a single tunnel.

This set up makes the race notoriously more complicated than any held in normal tracks. Thus, it takes a greater amount of care on the side of the driver, whose skill is deemed a lot more important than his vehicle’s power and speed. Hence, the Grand Prix is known as the slowest and yet the most difficult World Formula One Championship.

A Look into the Circuit de Monaco

To understand the intricacy of the race, we should start with the circuit. As previously mentioned, the Circuit de Monaco is laid out on the city’s streets. The course is narrow and has a great variety of features like slopes, tight corners, and seemingly random twists and turns.

The circuit is known to contain both the quickest and the slowest corners in racing. The Fairmont hairpin, the slowest, takes around 46 km/h to pass through, while the fastest corner located inside the tunnel can be taken at around 260 km/h. Speaking of which, the tunnel is known to add a lot more difficulty to the race. Passing through makes drivers undergo a disorienting switch from bright to dark environments, and vice versa.

The Monaco Grand Prix truly is a punishing test of skill for Formula One drivers, which is the very reason why many of them kept on coming back to compete. As for the spectators, well let’s just say they’ve just taken part in a very thrilling, one-of-a-kind experience.