Monaco Gets A New Modern Designed Apartment Building

Monaco PropertyMonaco can be a surprising place – with real estate often in the Principality among the most expensive in the world, sometimes the apartment buildings can be disappointing.

In fact some of the buildings wouldn’t be out of place on a South London housing estate built iMonaco can be a surprising place – with real estate often in the Principality among the most expensive in the world, sometimes the apartment buildings can be disappointing.

In fact some of the buildings wouldn’t be out of place on a South London housing estate built in the 1960′s or 70′s.

But it’s not necessarily the architecture that draws multi-millionaires to Monaco. It’s the prospect of living in a country that has no income tax.

However for those who want to buy brand new, there’s a new development being built that promises to match the image that Monaco has around the world, with top quality apartments in a building that will also accommodate a hotel on lower floors, restaurants and leisure facilities.

It’s called the Odeon Tower Monaco.

The building when complete will be 170 metres high and be the second tallest on the Mediterranean coast – and will be a prominent feature of Monaco’s skyline for years to come.

The property section at banksinmonaco.com have had several enquiries and viewings for Odeon Tower as it is being built, and virtually all the first phase of the apartments for sale have gone already, with more already sold on the next stage released by the deveopers.

The fact that Odeon Tower is selling well is testimony to what many observers have said in recent years, that while most people have seen a decline in their financial status in recent years, the wealthy have very often become even wealthier, and the gap between the rich and poor in society has widened significantly.

Typical prices for Monaco property for sale for a three bedroom apartment comes out at around 26 million Euros, but varies depending upon floor and views. Speculation in the property press suggests that the very best apartment could set a new world record for the price paid for an apartment when it is sold.

Away from the Odeon Tower property prices in areas such as Monte Carlo are available for less, but still rank among the highest real estate prices in the world.

It’s rare to find a studio apartment under a million Euros, two bedroom apartments typically change hands between three and five million Euros, while three bedroom apartments are often around the eight million mark.

The Odeon Tower is potentially a good investment, but buyers might want to consider resale property as well in the 1960′s or 70′s.

But it’s not necessarily the architecture that draws multi-millionaires to Monaco. It’s the prospect of living in a country that has no income tax.

However for those who want to buy brand new, there’s a new development being built that promises to match the image that Monaco has around the world, with top quality apartments in a building that will also accommodate a hotel on lower floors, restaurants and leisure facilities.

It’s called the Odeon Tower Monaco.

The building when complete will be 170 metres high and be the second tallest on the Mediterranean coast – and will be a prominent feature of Monaco’s skyline for years to come.

The property section at banksinmonaco.com have had several enquiries and viewings for Odeon Tower as it is being built, and virtually all the first phase of the apartments for sale have gone already, with more already sold on the next stage released by the deveopers.

The fact that Odeon Tower is selling well is testimony to what many observers have said in recent years, that while most people have seen a decline in their financial status in recent years, the wealthy have very often become even wealthier, and the gap between the rich and poor in society has widened significantly.

Typical prices for a three bedroom apartment comes out at around 26 million Euros, but varies depending upon floor and views. Speculation in the property press suggests that the very best apartment could set a new world record for the price paid for an apartment when it is sold.

Away from the Odeon Tower property prices in areas such as Monte Carlo are available for less, but still rank among the highest real estate prices in the world.

It’s rare to find a studio apartment under a million Euros, two bedroom apartments typically change hands between three and five million Euros, while three bedroom apartments are often around the eight million mark.

The Odeon Tower is potentially a good investment, but buyers might want to consider resale property as well.

For more details about Monaco property for sale and the Odeon Tower visit the real estate section of banks in Monaco

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