Monaco Grand Prix

The Monaco Grand Prix ranks on the list of top sports on the globe, and even for good reason.

The mix of Formula 1 cars street racing and the influx of celebrities on the playground of Europe make a heady mix for the annual event, and is also viewed contained in the social calendar for your world’s top sports stars, actors, models and businessmen.

The circuit consumes Casino Square and passes by the renowned Hotel de Paris in Monte Carlo, making it probably the most recognisable hotels on the planet.

The race were only available in 1929, organised by Monte Carlo resident and founding president with the Automobile Club de Monaco, Anthony Noghes, along with the Grand Prix has produced our planet’s second smallest country a destination of choice for many.

While Monaco enjoys the eye from the world’s media for one weekend every May, she also attracts a lot of people long term being residents on account of her tax haven status, and residents try a zero rated tax.

In recent times Monaco has attracted the wealthy for an additional visit. The annual Monaco Yacht Show in September gets the most exclusive yachts on earth moor at the harbour in Fontvieille, along with the hotels in Monte Carlo and Monaco are booked full nearly a year in advance.

For both events, the Monaco Grand Prix and the Yacht Show much traffic live in nearby Very travel in, and the hotels in Monaco enjoy full occupancy at premium rates.

Monaco Real Estate Property

When a European backwater, Prince Rainier turned Monaco into one of Europe’s most common locations, combining glamour by having an tax free policy that has attracted millionaires and billionaires to the principality the past 4 decades.

Real estate prices reflect the prestige and tax attributes of residing in Monaco. One local Monaco estate agency are convinced that currently there is a one bedroom apartment, without sea views, sold at 880,000 Euros. And by the time settlement costs are taken into consideration this rises close to one million Euros.

A couple of bedroom two bathroom apartment in Monte Carlo is available for 1,900,000 Euros.

And a five bedroom four bathroom apartment, recently featured around the BBC’s Money Programme ‘No tax please – we’re rich’, in Fontveille, exactly the same section of Monaco where the Hotel Columbus, part of Grand Prix driver David Coulthard, can be found with Mediterranean views is accessible for ten million Euros.

With demand from clients worldwide the values of real estate property in Monaco will probably be among the highest in the world for that future.

Commenting for the local property market, several estate agents have reported good sales for Monte Carlo property and then for Monaco generally in the first quarter of 2006, with the first class of properties in Monaco doing particularly well compared to the same quarter recently.

There are rumours on the list of people who own hotels in Monaco and Monaco Real Estate industry that two islands might be designed with bridges in order to connect the crooks to Monte Carlo which could allow some 5000 new low rise properties along with a hotel to be built.

In the event the rumours become the case with more option of properties plus a new hotel in Monaco the chance also exists associated with an extended or changed circuit to the Monaco Grand Prix in many years to come.

Information and advice for Monte Carlo and Monaco http://www.CheapHotelMonaco.com Monaco map, weather, property prices and property closing procedures and costs. Also, Monaco flight and Nice hotels and airport information, articles, press reviews and direct contact Monaco hotel information.

For hotels in Monte Carlo such as the hotel Monaco Faro and Columbus hotel Monaco visit http://www.CheapHotelMonaco.com