How Monaco plans to stay on top of the world

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Record year sees tiny Principality overtake Hong Kong to become the most expensive resi real estate market on the planet...

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Main image: The $335m penthouse at Groupe Marzocco's Tour Odeon, one of Monaco's most in-demand new schemes

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The latest instalment of Knight Frank’s Global Residential Cities Index, which tracks the performance of mainstream house prices across 150 cities, sees Shenzhen continuing to lead the world rankings…
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A new report into the buying, holding and selling costs for foreign buyers of prime resi in fifteen of the world's top cities has picked out Monaco as the one offering the lowest taxation, and Shanghai…
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Property prices in London and other global financial centres "are now, in many cases, fundamentally unjustified," says UBS. "The risk of a real estate bubble in these cities has risen sharply."