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Living in Monaco

Glitz and glamour go hand in hand when it comes to living the life in Monaco. The independent city-state is the epicenter of luxury, wealth, and living the high life. Celebrities and billionaires consider Monaco a favorite getaway destination, and many have been known to take residence here.

Located between the Southern Alps and the Mediterranean, Monaco is known for offering the very best of European living. Here are some highlights to expect when visiting or choosing to relocate to Monaco.

Lovely weather and climate

Monaco’s ideal location allows average temperatures of 16° C or 60.8° F. Summers in Monaco are drenched in sunshine but aren’t exceedingly hot, while winters are very mild. Rains fall for less than 87 days per year, and the sun shines for seven hours per day. With sea temperatures varying from 11°C or 51.8°F in the winter to 26°C or 78.8°F in the peak of summer, it’s no wonder that Monaco is host to the grandest annual yachting event in the world. Thanks to its Mediterranean climate, Monaco experiences pleasant weather all year round.

Language and currency

Monaco’s official language is French, though English and Italian are both widely spoken. Monegasque, or le Monegu, the traditional language is still spoken among older residents and is taught in all local schools. The currency used is the euro, and Monegasque coins are used.

Close to beaches, close to the Alps

In Monaco, residents and visitors get the best of both worlds with majestic mountains on one hand, and sparkling beaches on the other. So whether skiing is your game, or tanning on the beachfront, Monaco has both. Ski resorts in the Alps are only a few hours’ drive away. While the waters at Cote d’Azur and Larvotto await you.

Food and culture

With Provence and Italy so close to your doorstep in Monaco, the bordering French villages surrounding it, and the Mediterranean, it’s no wonder that gastronomic feasts are but one highlight of Monaco lifestyle. In fact, food is one of the biggest tourist attractions of the city-state, with three of the best cuisines in Europe finding a natural home in Monaco. Open-air markets offering the freshest produce are open every day all year round. Residents and visitors alike have access to the freshest catch when it comes to seafood.

The Grand Prix life

The world’s most glamorous and prestigious motor race, the Grand Prix de Formula 1 takes place in Monaco. Its urban circuit was designed in 1929, which makes the Grand Prix the oldest and most celebrated motor race event in the world. The best drivers compete in this extremely technical course, making names like Schumacher a household name.

Yes to yachts

Apart from the legendary motorcar races taking place in Monaco, yachts are also a fixture. Every year, the Monaco Yacht Show attracts celebrities and billionaires from all over the world. The latest in luxury yachts are showcased at this event at the end of September. With its main exhibition covering the whole Port Hercule, sailing enthusiasts are treated to dozens of exhibition lounges and various parties to attend.

A safe haven

Many who choose to make Monaco their home are attracted to the city-state’s tax- efficient regime. International buyers see Monaco as a more stable environment than their native countries. Residents enjoy Monaco’s “safe haven” status and fiscal stability. Residents in Monaco also benefit from having zero income tax, zero capital gains tax, zero wealth tax, and zero inheritance tax.

Place your bets

Monte Carlo is almost synonymous to Monaco. Known for having the best and most exclusive casinos, Monte Carlo is a magnet for high rollers and VIPs. The main gambling room, the Salle Europe, features blackjack, Texas hold-em poker, and English and European roulette. Meanwhile, the Salle Renaissance and the Salle Amerique are open to the public and feature slot machines.

A playground for the senses

The nightlife in Monaco is second to none. Residents and visitors alike have access to the hottest clubs where celebrities like Leonardo Di Caprio and even Bono have been known to make an appearance or two. Party the night away at Jimmy’z, Monaco’s most popular nightclub.

Proximity to royalty

Originally a fortress in 1191, the Prince’s Palace is home to the Monaco Royal Family. Prince Albert II, Princess Charlene, and their twins Prince Jacques and Princess Gabriella of Monaco live there.

If Monaco and the French Riviera is your kind of town, Spark & Partners will show you a diverse selection of luxury real estate, including houses, villas, and apartments. We are the best site to start your search for the most desirable high-end properties in the world’s most gorgeous locations. Contact Spark & Partners today at 377.97.777.000 or email hello(at)spark-estate(dotted)com. You can also send a message here.

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