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title: ""Over 30% of the roughly 38,000 residents of Monaco are millionaires,…"
date: 2018-03-14
source: facebook
type: Archer T. Ships shared a link.
---

# "Over 30% of the roughly 38,000 residents of Monaco are millionaires,…

*March 14, 2018 · Facebook*

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[http://www.bbc.com/capital/story/20180206-the-country-running-out-of-space-for-its-millionaires](http://www.bbc.com/capital/story/20180206-the-country-running-out-of-space-for-its-millionaires){target="_blank"}
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\"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.\
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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.\
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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.\
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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. \"\
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[http://www.bbc.com/capital/story/20180206-the-country-running-out-of-space-for-its-millionaires](http://www.bbc.com/capital/story/20180206-the-country-running-out-of-space-for-its-millionaires){target="_blank"}
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