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.
*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!”
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!”