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.
-
'I have lost a treasure, such a sister, such a friend as never can have been surpassed': Inside Jane Austen's Winchester home, the house where she penned her final words and drew her final breathJane Austen spent the last days of her life in rented lodgings in Winchester, Hampshire. Adam Rattray describes the remarkable recent discoveries made about the house in which she died.
-
An utterly charming island home in Scotland with gardens so beautiful they made the cover of Country LifeAn Cala on the Isle of Seil has a fascinating history that is only enhanced by its amazing setting.
-
An utterly charming island home in Scotland with gardens so beautiful they made the cover of Country Life
An Cala on the Isle of Seil has a fascinating history that is only enhanced by its amazing setting.
-
Soft tones and a sense of place: A Mayfair duplex that breaks the modern mouldA new designer-led residence at 60 Curzon in Mayfair reminds us that everything new doesn't necessarily have to look it.
-
'The very best North Yorkshire has to offer': The £25 million Kirkham EstateWith 1,103 acres and on the market for the first time in a century, we've got a new frontrunner for the sale of the year.
-
The reality of 20 years of house price rises in Britain, from the places that have had a charmed life to the spots where it's a struggle to move back homeAt first glance the ups and downs of the property market seem to even out over time — but dig in to the numbers and you'll see wild regional variations which paint a very difference picture. Annabel Dixon analyses new research which tells the story.
-
A historic Yorkshire hall, meticulously restored to its former 18th-century magnificenceWomersley Park is a masterpiece and one of Yorkshire's great historic houses. And it could be yours.
-
Rowing past dreams: An idyllic riverside home with a boathouse, croquet pitch and Olympic pedigreeThe Manor in Long Wittenham is a perfect Thames-side getaway. Comes with a free boat.
-
A bucolic Sussex home that's 'like stepping into a fairytale', yet just 30 minutes from central LondonFelmere House is a playground for nature and only 30 minutes from London.
-
Magnificent mansions across the Home Counties, from £3 million to £14 million, as seen in Country LifeA waterside dream home and a house and estate with over 1,100 years of history make our round-up this week.
