Euro losing value: Now is the time to make a Monaco luxury real estate investment

Now is the time to make a Monaco luxury real estate investment. With the Euro losing value against the US dollar, significant savings can be made on big-ticket items such as super prime real estate. 

In early 2021, the Euro cost around US$1.20; now, it’s hovering at around US$1.03. That represents a tumble of around 10% against the US dollar. This favourable rate makes it the ideal time for US investors to invest in Euro currency and buy a property in Monaco. 

According to the latest Real Estate Observatory Report, released in early 2022, the majority of flats in Monaco sell for around 5 to 10 million Euros. A favourable exchange rate for US investors means that a 5 million Euro apartment could represent savings of about 500,000 Euros.   

Why is the Euro losing value?

There are several reasons the Euro is losing value, with economists pointing to rising inflation with several EU nations experiencing above-average inflation. The Euro is experiencing a further hit due to the Russia-Ukraine conflict, which is pushing up energy prices.   

In contrast, US interest rates have been steadily rising much more aggressively than in Europe, helping to offset inflation. Additionally, the US is somewhat immune to the volatility in gas and oil markets. 

So, why make a Monaco luxury real estate investment?

There are several reasons savvy US investors should take advantage of the Euro losing value against the US dollar and make a Monaco luxury real estate investment. 

Monaco real estate offers superb returns for property investors. According to the latest Real Estate Observatory Report, the average Monaco property price per square metre grew by 9% in 2021, exceeding the 50,000 Euro mark for the first time. Indeed, Monaco real estate has increased by some 75% in the past decade. These incredible price increases are being driven by demand as more wealthy individuals seek out the benefits of owning Monaco real estate. Limited inventory due to the size of Monaco’s land mass is further fuelling price increases that are unlikely to diminish any time soon. 

What are the benefits of living in Monaco?

Living in Monaco has many benefits, making it a great time to invest in Euro currency. 

The Principality of Monaco offers a favourable tax regime and economic and political stability, making it a safe haven in an increasingly volatile world.

Residents enjoy a luxury lifestyle with access to award-winning restaurants, designer boutiques, world-class service providers, and lavish resorts and spas. Additionally, Monaco offers superb healthcare and education, making it ideal for families. 

The city-state’s zero tolerance on crime means that Monaco has one of the lowest crime rates in the world, making it a safe place to live and providing complete peace of mind. 

Additionally, when you buy a property in Monaco you benefit from its favourable location along the heart of the French Riviera, which enjoys a spectacular year-round climate, beautiful white sandy beaches, and some of the world’s most iconic beach clubs. The Nice Cote D’Azur International Airport is just a short distance from Monaco, providing flights to Europe and across the world. 

Finally, those wishing to invest in Euro currency by making a Monaco luxury real estate investment will be spoilt for choice. Leading real estate agencies offer a superb selection of luxury apartments for sale in Monaco, offering world-class amenities, including swimming pools, spas, concierge services, and fully equipped fitness centres. 

For savvy US investors, now is the time to take advantage of the Euro losing value and make a Monaco luxury real estate investment.