Published on May 26, 2023Updated on October 18, 2023
They want space, contact with nature, a swimming pool, or a ranch to ride their mare. These Monegasque residents would like to acquire a second home in France, in the French Riviera or in the Var. On the other hand, others are looking for properties in the Principality of Monaco, known for their top-of-the-range amenities, including a swimming pool, spa and gym.
Discover the various desires of these Monaco residents!
Many British, Scandinavians and Russians make up 7 to 8% of the business volume for Nice Properties. “Search mandates rarely go below €2 million. Residences near Monaco (Roquebrune, Beausoleil, Peille, Peillon, La Turbie) are very popular. Those looking for more natural surroundings prioritise inland areas north of Nice. We have sold some beautiful villas in Falicon and Aspremont at 2.2 and 2.7 million”, explains the agency’s director, Michael Fusaro. Some of our clients prefer to acquire a property near the vineyards in the Var (Canton of Faïence, Callian). “We are usually asked for turnkey properties that are ready for people to move into, sometimes fully furnished right down to towels and crockery. They want to be efficient with their energy and time…” says Michael Fusaro. What are the most frequent requests from these Monegasques?
Major events in Monaco may also encourage people to move or acquire second homes. While the Cannes Film Festival is not very good for business, because the town is blocked off, there is a genuine Grand Prix effect in Monaco. “After the event, we always have five or six times more requests than the previous weekend. If we receive 10 requests, the conversion rate is 20 to 30%”, observes Michael Fusaro.
Is a swimming pool, spa or gym a deal-breaker for your choice of residence?
The exclusive properties from new operations such as Mona or future developments such as Mareterra or the Bay House obviously have all of these top-of-the-range services, and much more.
An entire floor at 26 Carré Or is set aside for well-being with its 12-metre swimming pool, jacuzzi, hammam, sauna and fitness room, while the penthouse has its own private swimming pool.
Certain older buildings such as the Château Périgord, the Patio Palace or in Fontvieille, the Seaside Plaza and the Terrasses du Port are also renowned for their swimming pools. “The Grand Large and the Eden Star are beautiful residences with concierge services, and have access to the swimming pool at Hôtel Columbus. “You’ll need to come up with at least €50,000/sq. metre if you want a beautiful view at these properties”, says Florian Valeri, founding manager of Valeri Agency.
Photo: 26 Carré Or is typical of Monaco’s new property developments with its contemporary lines and facilities including a spa, swimming pool, jacuzzi and fitness room for residents. © Francis Amian
In the heart of central Monaco, facing the Casino gardens, the Park Palace (243 apartments up to the penthouse) is still one of the most popular buildings, particularly loved for its indoor swimming pool, sauna, and fitness room and gym. The same applies to the Mirabeau”. The selection is more limited for tennis fans. “On the Jardin Exotique side of town, Les Ligures is the only building in Monaco with a tennis court! Its seventies charm and wooded park offer a real living environment” says Fiona Wiegersma Bruno, manager of the Dameno Monaco Real Estate agency.