Savills World Research and The OWO Residences London by Raffles Present at Monaco Cocktail Party

Savills World Research and The OWO Residences London by Raffles Present at Monaco Cocktail Party

Irene Luke of Savills Monaco was delighted to co-host an event at private members club Crem in Monaco on 23 April. Kelcie Sellers of Savills World Research spoke about global trends generally  and the Monaco residential market in particular: Savills Monaco launched its annual market report to an audience of around 45 Monaco based clients/ contacts. And Charlie Walsh as co-host, spoke enthusiastically about The OWO Residences by Raffles and introduced this special project in London to an international gathering.

Savills is a Monte-Carlo real estate agency and a trusted name in the luxury property field. Our multilingual team is based in the heart of the Principality and can help with all aspects of sales and rentals in Monaco.

As Monaco real estate agents, we provide a full range of services for people who are seeking to buy or rent a property. Our clients benefit from our reliable and long-established network of contacts by having privileged access to properties that aren’t on the market.

In addition to our knowledge of real estate legislation and tax systems, we are familiar with all the local institutions and educational establishments. This enables us to guide clients who are taking their first steps towards life in the Principality.

We will also accompany you during the sale or letting of your property. We draw on our extensive knowledge of specialised media to present and promote your apartment, villa or commercial premises in the most relevant way. We will organise visits for potential buyers or tenants and ensure they are aware of your property’s qualities.

Our Monte-Carlo real estate agency is one of more than 600 Savills offices spanning the Americas, Europe, Asia Pacific, Africa and the Middle East. Our journey began in the UK in 1855, fuelled by integrity and professionalism. It is those values that have enabled us to grow around the world and you can expect to find them deeply rooted in our Monaco office.

Savills Monaco is a Club Vivanova Corporate Partner

Savills Prime Residential Index: World Cities

Savills Prime Residential Index: World Cities monitors the performance of prime residential property across 30 global cities; tracking capital, rental and yield values. Average growth in 2023 was 2.2% for capital values, while rents grew at 5.1% on average.

In a year of global economic volatility, residential property has defied expectations and remained resilient, with positive capital value growth seen across many of our World Cities markets in 2023. In times of uncertainty, real estate is often viewed as a safe store of wealth.

The year ahead is the year of elections, adding an additional layer of uncertainty to the outlook. Globally, there are elections taking place in almost 70 countries, accounting for over 40% of the global population and making up over 60% of the world's economic output. As such, we are expecting lower, but still positive, levels of capital value growth in 2024. Some cities are forecast to outperform, with Sydney and Dubai leading the pack.

Read the articles within Savills Prime Residential Index: World Cities

Savills Monaco Partners with Club Vivanova, Gavin Sharpe, Porsche and Bremont Watches

Savills Monaco has had a busy time on the rental front recently and is keen to hear from any owner interested in renting out his/ her apartment. There is demand for all types but the larger the better!

Savills Monaco is delighted to be sponsoring an event to be held on 14 November in the Fairmont, in collaboration with Club Vivanova. Gavin Sharpe, entrepreneur and executive and leadership coach, will be taking us on a journey, learning about  being an exceptional business leader in extraordinary times. It looks to be entertaining and will certainly be lively.

More details are available at this Club Vivanova event link. The last event we did together was sold out so book now!

Less locally, we are also hosting with Savills UK, plus Porsche and Bremont (amazing watch designers) an event to be held in the UK on 7 December. In the amazing Destination Porsche venue in Reading, we will be talking about real estate and Porsche will have new (with an electrification theme) and rare classic cars on display.  Anyone interested in knowing more, should contact Irene Luke.

Savills Monaco with Savills French Riviera and Burgess Yachts Sponsor the 2nd L’Èze Harmonies Festival

Savills Monaco with Savills French Riviera and Burgess Yachts Sponsor the 2nd L’Èze Harmonies Festival

L’Èze Harmonies will take place in Eze village on the 2nd, 3rd and 4th June 2023. It is a musical festival offering various concerts in various magical venues throughout the hilltop village of Èze:

Friday evening sees Smoking Josephine, a string quintet, in the Exotic Garden;

Saturday evening ,we have various opera singers in the streets of the old village, with a candlelit concert afterwards in the Exotic Garden given by Thibault Cauvin, a fantastic young classical guitarist;

And Sunday evening finishes with a recital by Stéphane Degout ( baritone) and Cedric Tibergien (pianist) in the wonderful gardens of the Chèvre d’Or.

The main organiser, Rémy Mathieu, is himself an opera singer and came back to live in his home town of Èze 2 years ago. With his friend Nicolas Cousin, a fantastic percussionist , they decided to create a festival to share their passion for classical music with an audience, who perhaps, are not familiar with this genre. So the festival was created for the first time last year and was a fantastic success. The village of Èze, provides the  perfect backdrop for this musical festival and Savills and Burgess are very much looking forward to the events this year .

You can buy tickets at this website link or find the event on social media.
Savills Monaco is a Club Vivanova Corporate Partner.

Join Savills Spotlight on Monaco 2023 Webinar - A Booming Residential Property Market

Join Savills Spotlight on Monaco 2023 Webinar - A Booming Residential Property Market

Monaco has long been a favoured destination of the world’s wealthiest, thanks to its political and economic stability, favourable fiscal environment, and excellent climate and quality of life. In our latest Spotlight: Monaco – 2023 report, we explore how this long-standing appeal has contributed to a booming residential property market over the past decade and beyond, uncovering recent price and rental movements, the growing new-build market, and what we predict for the Monaco property market.

Download the report here.

Interested in finding out more?
Join our webinar on Tuesday 4 April where our panel of property experts take at look at how the Monaco market performed in Monaco over 2022 and what we can expect in 2023. We will also welcome a guest speaker, Birgitta Bondonno, who will discuss everything you need to know about taxation, if you’re considering moving to Monaco.Interested in finding out more?

Sign up via this link.

The Resilience of the Rock - Monaco’s Property Market Weathers the Global Storm

2020 is drawing to a close and we are taking stock of this extraordinary year. Monaco is still open for business though who would have imagined a year ago that we would be wearing masks outdoors and dispensing with the usual handshakes when meeting someone? 

The year has been deeply troubling and 2021 may well throw up further surprises. The world is a different place for sure. What has been heartening in our line of business is to see how resilient the real estate market in Monaco has been, despite lockdowns, curfews and travel restrictions. We are still open for business and November has seen interest from all quarters.

The official stats for the first six months of 2020 came out some time ago: the third quarter’s figures are not yet published. Interestingly the number of re sales (i.e. properties over 5 years old) for the second quarter of 2020, was absolutely identical to the number completed in the second quarter of 2019, and this despite the 2020 lockdown. Pretty remarkable…

And demand continues. We are seeing a good number of requests for smaller investment properties: studios or one beds. There is quite a good selection on the market currently, possibly because previously occupants have decided to rent or buy larger properties post-lockdown. And we believe that the right smaller property can take on value even in difficult times, particularly if it can be renovated and made into a turnkey property. 

The apartment we have for sale in Le Bristol is a case in point. It is located on the Grand Prix circuit and nicely refurbished, it makes a great rental property. 

And if anyone out there is thinking of selling, we are very much looking for larger properties too for various clients: please do get in touch!

Article by Irene Luke . Partner at Savills Monaco