a real estate research firm, recently issued a report ranking the most expensive flats in Europe. Currently, property value is on the rise throughout much of Europe, and real estate in locations such as the Baltic region are seeing an increase in value. Rental yields (profit yields) in several European cities are above 10%. The extremely small and distinguished principality of Monaco currently wears the crown for most expensive real estate in the Europe.
Monaco has an average price of €24,900 per sq meter, making the principality the most expensive real estate in Europe, but profit yields are low at 2.4%. A 35 sq. meter apartment of this expensive real estate yields an average return of 2.12%, while a 195 sq. meter apartment yields an average return of 2.64%.
Real estate in Central London’s exclusive neighborhoods is also quite expensive, averaging €14,522 per sq. meter and claiming the location of the second most expensive real estate in Europe. Paris and Amsterdam were both noted as having some of Europe’s most expensive real estate. Monaco still has them topped, by a wide margin actually. It makes sense that such a small wealthy geographical location would have the most expensive real estate in Europe. This makes Monaco extremely exclusive and its property in high demand for those able enough to afford it. Property prices in Monaco have steadily risen over 10% a year in the last decade.
Some of the most sought after property in Monaco is located in the area known as Carre D’Or (Square of Gold), located close to the world famous Place Du Casino. Most of the available properties in Monaco are expensive apartments. Other expensive real estate include penthouses overlooking the harbor and Formula 1 circuit. There are a number of villas and townhouses located on the hills that also boast extremely high property values.
Monaco has recently unveiled its plans to expand its borders by adding 25 acres of expensive real estate into the ocean through the construction a platform, using the same technology that off-shore oil rigs utilize. The new district will boast upmarket shops and reportedly about €3.7 billion ($4.9 billion) worth of luxury residences.
sources: http://most-expensive.net
Monaco is a country in Western Europe located along the French Riviera between the Mediterranean Sea and France. It is one of six microstates located in Europe. Monaco is one of the most expensive places on Earth. As of February 2007, Monaco had Europe's most expensive real estate, ahead of even London. The principality is often regarded as a tax heaven, and most of its inhabitants are millionaires from other countries. Het Vorstendom Monaco grenst aan Frankrijk en de Middellandse Zee. Het dwergstaatje heeft een oppervlakte van 1,96 km² en telt 32.671 (2007) inwoners. Daarmee is dit het dichtstbevolkte land ter wereld. Hoewel Monaco ingeklemd wordt door de Europese Unie is het land geen lid van de EU. Het dwergstaatje staat internationaal bekend als een mondaine badplaats en belastingparadijs met veel casino's, high society en een jaarlijkse Grand Prix in het Formule 1-autoracen. Het heeft naast het nationale voetbalelftal ook een eigen voetbalclub, AS Monaco die in de Franse competitie speelt. 
