"Over 30% of the roughly 38,000 residents of Monaco are millionaires, according to Williams’ research. “Next down the list are some Swiss cities like Geneva and Zurich and so on,” he says.
That number is forecast to rise. According to Knight Frank property agency’s analysis, there will be 16,100 millionaires or multimillionaires hoping to claim a piece of this diminutive country for themselves in the next 10 years, but at the moment they can’t. There’s no more room.
Research from Knight Frank show house prices in Monaco now top the world market with prices between €53,000 ($67,000) and €100,000 ($142,000) per square metre.
...
The £1.5 billion ($2.1 billion) Offshore Urban Extension Project will add 15 acres of landmass to the principality by 2026. Portier Cove, will include a harbour big enough for 30 ships, a landscaped park and luxury residential buildings with plans for 120 new homes. "
http://www.bbc.com/capital/story/20180206-the-country-running-out-of-space-for-its-millionaires
That number is forecast to rise. According to Knight Frank property agency’s analysis, there will be 16,100 millionaires or multimillionaires hoping to claim a piece of this diminutive country for themselves in the next 10 years, but at the moment they can’t. There’s no more room.
Research from Knight Frank show house prices in Monaco now top the world market with prices between €53,000 ($67,000) and €100,000 ($142,000) per square metre.
...
The £1.5 billion ($2.1 billion) Offshore Urban Extension Project will add 15 acres of landmass to the principality by 2026. Portier Cove, will include a harbour big enough for 30 ships, a landscaped park and luxury residential buildings with plans for 120 new homes. "
http://www.bbc.com/capital/story/20180206-the-country-running-out-of-space-for-its-millionaires