Living in Monaco gives access to a lifestyle like no other. This tiny sovereign city-state with a surface area of just 2.02m2 offers a safe and beautiful living environment overlooking the Mediterranean Sea. The advantages of living in Monaco go way beyond the country’s favourable tax system: speak to any resident and they will tell you how privileged they feel.
Monaco stands proudly on a narrow ribbon of the Mediterranean coast and is bordered on three sides by France. Its vertical cityscape instantly distinguishes it from the French Alpes-Maritimes foothills behind it and the stunning stretches of French Riviera coastline on either side of its own. On one side of Monaco, Nice, Cannes and Saint Tropez are among the French hotspots close by. On the other, charming Italian towns such as Bordighera, Sanremo and Portofino beckon from beyond the Italian border.
Hiking opportunities are plentiful in the hinterlands and, in winter, residents head to the slopes of the many ski resorts within easy driving distance. The climate also ranks highly on the list of advantages of living in Monaco, with approximately 300 days of sunshine each year. In July and August, temperatures average highs of 27°C and even January and February, the coolest months, average highs of 12°C mean residents rarely need to wear a winter coat.
Residents who have lived elsewhere particularly appreciate living in Monaco, which is one of the safest countries in the world. With approximately one police officer per 100 residents and a sophisticated, country-wide 24-hour video surveillance system, the crime rate is extremely low. Most residential buildings have their own surveillance systems, backed up by a concierge who acts as a gate-keeper. If necessary, access in and out of Monaco can be blocked within a few minutes.
The streets of the Principality are kept immaculately clean. In summer, mini-ashtrays are distributed on the beaches to keep them free of cigarette butts.
Monaco life is punctuated with high-level competitions, shows and exhibitions. May’s Formula One Grand Prix is the Principality’s most famous sport event but it also hosts a top-level showjumping event – the Longines Global Champions Tour – the Rolex Monte Carlo Tennis Open, the Herculis International Athletics Meeting, among many others.
Music-lovers living in Monaco have plenty of entertainment too. The Salle des Etoiles and Opera Garnier host some of the biggest names in rock, jazz, French variety and pop throughout the year. Notable events include the Monte Carlo Jazz Festival, which is staged every autumn, and the Monte Carlo Sporting Summer Festival.
An impressive array of shows, concerts, congresses and exhibitions are organised at the Grimaldi Forum, while the Princess Grace Theatre offers a programme of performing arts and hosts a cinema. From June to September, film enthusiasts head to Monaco’s open-air cinema, in its spectacular setting perched above the sea.
Living in a luxury home in an extraordinary location is another of the many advantages of living in Monaco. Some apartments buildings have swimming pools, fitness areas and spas, as well as 24/7 concierge services. Numerous apartment buildings built in the ’70s or ’80s have been entirely renovated with top quality finishings and, in recent years, several new luxury developments have taken their place along Monaco’s skyline. The impressive Portier Cove land extension project will allow more apartment buildings and villas in Monaco’s future eco-district to enter the property market.