In 2006, the average price per square metre for a house in Monaco was €15,000. By 2015, that had crept up to €36,000, making it the second-most expensive place in the world after Hong Kong.
The most recent figures from Savills show that it has continued to rocket since then, up to €41,300 per square metre. Hong Kong is now comfortably in the rear view mirror: Monaco is now the most expensive place in the world to buy property.
As such, you won't be entirely surprised to learn that agents Finlay Brewer are soliciting offers of around €75 million for this glorious flat, named 'Le Panorama', overlooking Port Hercules and right at the heart of the action.
It's a lovely Art Deco home that has been beautifully refurbished – not always a given in Monaco, where many places come to the market not having been re-done for many years – and is being sold as-is, with all furniture, fittings and fixtures included.
The apartment takes up an entire floor of the building, with the balcony wrapping around most of it. And while the views are the most eye-catching feature, the internal features are also something to write home about: there are six double bedrooms, all en-suite, as well as two huge open-plan living spaces. There's also a soundproofed room currently set up as a home cinema, but as the agents helpfully note it could 'also be used as a recording studio'.
But it's the views which will really grab the attention, being little short of glorious. The famous harbour is spread out before you like a painting, and Formula 1 fans will be delighted to hear that the first corner of the legendary street circuit is immediately below. Fast living is guaranteed.
New kids on the block: Spectacular new builds in Monaco
As the Principality contains some truly covetable properties, its new-builds are among the finest. Eleanor Doughty picks three to inspire.
Credit: Strutt and Parker
Best country houses for sale this week
An irresistible West Country cottage and a magnificent Cumbrian country house make our pick of the finest country houses for
Grand-Hôtel du Cap-Ferrat review: A 1950s icon beloved of Churchill and Elizabeth Taylor, as good as ever in the 2010s
Rosie Paterson travelled to one of the Mediterranean's most famous hotels: the beautiful Grand-Hôtel du Cap-Ferrat.
-
The greatest flowers make the greatest artA search for still-life subjects led Kate Friend to some of the greatest gardens and gardeners in the country
-
The Castle Howard Mausoleum, a building so beautiful 'you'd almost want to be alive when buried in it', is facing its own demiseThe celebrated Castle Howard Mausoleum is a dynastic monument to the Howard family, but it needs further restoration if it is to survive. Christopher Ridgway tells its story; photography by Paul Higham.
-
Can you buy happiness? The latest list of Britain's happiest places, and what you could end up with if you moved thereCan you buy happiness? Of course not, but you can buy a nicer house in a better town... and, well, that's probably going to help quite a bit.
-
The wave of downsizing about to hit the property market in the UKThe Chancellor of the Exchequer's Budget — and specifically the 'Mansion Tax' — has fired a starting pistol for downsizers, and the waves will wash across the entire property market. Annabel Dixon spoke to property experts across the country to gauge how it will play out.
-
A Georgian farmhouse that's an 'absolute gem' in an ancient village on Salisbury PlainJulie Harding takes a look at the beautiful West Farm in a gorgeous Wiltshire village.
-
It'd be crazy to buy this 500-year-old farmhouse just because of its utterly gorgeous Aga — so thank goodness that the rest of this place is also really nicePerry Mill Farm is an immaculate yet characterful four-bedroom dream home in the country at a price that will make city dwellers immediately start Googling 'working from Worcestershire'.
-
'A masterpiece of timeless elegance' for sale on the charmed Surrey estate once owned by Henry VIII and the Guinness familyThe Manor House in Burwood Park is a grand, enormous and undeniably impressive. Annabel Dixon takes a look.
-
A grand hall in Yorkshire with 400 years of historyCarlton Hall is a wonderful family home amid glorious gardens in a quaint village location. Penny Churchill looks inside.
-
Why don't more of us live in brightly coloured homes?It's not often that you see a home sporting the colour palette that you'd get if you hired a four-year old as your interior designer. But why not? The Blue House in Bethnal Green asks this and many more questions.
-
Five magnificent mansions, from a former monastery to an Art Deco wonder in the South Downs, as seen in Country LifeWonderful homes, including a superb beach home in Cornwall, all fresh on the market via Country Life.
