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As it is the Monaco Grand Prix this weekend, I thought I would re-post this thread I did on Monaco some time ago.
This blog is about everything decadent (as the tag-line for our company is “Decadence for Divas”) and what more decadent a place than Monaco.
If you are from the USA you have Vegas. But if like me you are from Europe, then we have to settle for this little principality.
I have been to Monaco a few times, but the thing that strikes me is just how over-crowded and built up it is.
Here are some more facts I’ve gathered about the “playground for the rich and famous” :-
*Monaco is only about the size of Hyde Park (London), which is only about 350 acres. Now you get a feel for just how small this principality is.
*70% of people rent their homes in Monaco, including one of their richest residents Sir Phillip Green (owner of TopShop).
*the average rent for a “normal” apartment in Monaco starts at 25,000 GBP/ $40,000 or 30,000 Euros PER MONTH!
*A 4 bedroom duplex, facing the harbour will set you back 60M Pounds to buy. That works out to about 30,000 GBP/squared metre!
* 1.5 Million GBP will buy you 47 squared metre; basically a shoe box with no garden, or no pool. The most basic accommodation you can imagine.
*There are more millionaires per squared metre than anywhere else in the world.
There are approximately 2,000 Millionaires and 50 Billionaires currently living in Monaco.
*There is NO crime, and the papparazzi are banned from the principality.
*Every car license plate is scanned and recorded as it enters Monaco.
*The streets are scrubbed clean every morning, and there is no graffiti anywhere
*40,000 workers from France cross the border everyday to work.
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*Monaco is 6X the size of the Vatican
*It is the most densely populated independent country (as you can see from the photos)
*The Gran Prix started in Monaco in 1929,and is now broadcast to 100M people. It is now deemed the most glamorous Gran Prix in the world.
*Lets not forget the principle reason people move to Monaco; it is a tax haven.
* Jack Nicholson called Monaco “Alcatraz for the rich!”
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So there you have it, some trivia about one of the most glamorous places in Europe.
If you could, would you want to live there in a shoe box simply because your postcode was Monaco? I’m really not sure I would. I think I would prefer to live just across the border in France and get more “bang for my buck!”
I would love to hear your views, and if Monaco is on your list of “Places to see before I die!”