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Monte Carlo Real Estate: The Advantages of Living in One

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Monaco is widely known as a cozy tourist spot that offers plenty of entertaining activities. Among all of Monaco’s administrative divisions, Monte Carlo is the one that gets the most fame as a tourist destination.

Apart from being Europe’s amusement mecca, Monte Carlo is known to host the famous and notoriously difficult Monaco Grand Prix. It also offers other albeit less-known recreational activities, like seeing theater performances, leisure walks and chilling in one of Monte Carlo’s bars and clubs. Knowing this, you won’t really be surprised to find individuals wishing to live somewhere in that section of the Monegasque city state.

Monte Carlo Life Does not Come Cheap

However, a trip to Monte Carlo – or, in fact, anywhere else in the Principality of Monaco – can be quite expensive. Imagine how much more you can spend once you start living in it! Rents cost several thousand dollars per month, and actually owning an apartment can cost a lot more. Given all the surrounding conveniences and nearby attractions, you’ll be sure that Monte Carlo real estate property value is rather high, and so are the prices.

The Benefits of Living in Monte Carlo

Whenever you spend a lot on something, you expect that product or service to provide you something that’s worth its cost. You can easily say it’s a waste of time and money if it doesn’t. In this case however, living in Monte Carlo delivers. How does it do so? The next two sections will neatly sum it all up.

Live in a Monte Carlo Real Property and Live Tax Free

As mentioned, living in Monte Carlo is never inexpensive. However, you are basically pouring money on your needs and wants but are not required by the government to spend any further on various public services. In other words, you don’t have to pay tax when living in Monte Carlo, or the entire Monaco for that matter. The Principality is an official tax haven, and as such, it attracts so many affluent individuals who want to keep their large and highly taxed income intact.

Nonetheless, you’ll need to have a resident status to enjoy Monaco’s main attraction. To obtain it, you’ll need to have your own residence and stay there for at least six months, after which you’ll have to present the necessary papers to the residency officials who’ll then take care of the rest.

High Levels of Security in Monte Carlo and Anywhere Else in Monaco

Monaco may not have an army, navy or an air force but it has a largely present police force that’s bigger – with regards to the number of policemen for the entire populace – than those of its neighbors. This ensures that everyone is safe from crime not only in the income-generating district of Monte Carlo but also in the rest of the city state. Monaco’s cops are effective at their work, and even incorporate units with certain useful specialties.

So is living in Monte Carlo worth what you pay for? Given the lack of tax – which sometimes come in at least five-digit figures elsewhere – an environment that provides a lot of leisurely activities, and the feeling of safety and comfort, you can bet your stay is worth the top dollar.

Monaco Grand Prix – A True Test of Driving Prowess

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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.