Property Market Monaco, Monaco Projects, MC Projects, MC Project Management

2016 – a record year for the Monaco Property Market

IMSEE, the Monaco Government Statistics Office, has recently released a very positive overview of the Monaco residential property market in 2016.

Property Market Monaco, Monaco Projects, MC Projects, MC Project Management

Le Millefiori Monaco

Sales of properties in the resale market for the year reached their highest ever value of €2.2 billion, an increase of 23.4% compared to the previous year.

The average price of properties has increased from €1.4m in 2006 to €4.3m in 2016, an increase of 212% during this period, with an increase of 21% from 2015 alone. 1 in 10 of all property transactions now has a purchase price in excess of €10m.

 

Property Market Monaco, Monaco Projects, MC Projects, Construction Monaco, MC Project Management

Patio Palace Monaco

The average price per m2 on the property resale market has gone up from its 2006 figure of €14,784 to a 2016 cost of €41,420 with an increase of 15% in just the last 12 months.

 

Monaco Projects has seen a marked upturn in renovation activity in Monaco over the last year in particular and reinforced confidence in the local property market, confidence which looks set to continue.

Property Market Monaco, Monaco Projects, MC Projects, Construction Monaco, MC Project Management

Parc St Roman Monaco

Our highly experienced team is here to help and guide you with all your renovation/construction projects. Please contact Tim at tim@monacoprojects.com for any enquiries.

 

 

 

 

 

 

Real Estate Monaco, Thirty Nine Monte Carlo, Luxury renovation Monaco, builders monaco, renovations monaco, Interior design monaco, buying properties Monaco, properties for sale monaco

The Project Manager – an orchestral conductor for your renovation

I have been a project manager of luxury residential and business property renovations in Monaco and the Côte d’Azur for the last 15 years and I have been asked the question many times: why would I need a project manager if I employ a main contractor?

In response to this question, I liken myself to the conductor of an orchestra. You can have the best musicians in the world; however, without a conductor, your musicians will not start or finish at the correct times, and the music they produce will be discordant.

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Project management of Thirty Nine Monte Carlo

I help the client to select the most talented professionals for the project and oversee all aspects of the renovation works, from planning applications and sourcing products to management of costs to ensure that your renovation is completed on time and on budget.

home renovation, Thirty Nine Monte Carlo, Renovation Companies Monaco, Builders Monaco, Construction Monaco

Altitude training room at Thirty Nine Monte Carlo

To return to the conductor analogy, my role is to set the tempo of the orchestra and to shape their performance in order to produce a work of the highest quality for the client.

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Bar and dining area at Thirty Nine Monte Carlo

This has been particularly relevant in our current project, the creation of THIRTY NINE Monte Carlo (http://www.39montecarlo.com), a new luxury lifestyle members’ club in Monaco with state-of-the-art sports floor. It has been necessary, over the last 2 years, to organise in excess of 200 contractor and supplier “musicians” from all sections of the orchestra to create a harmonious symphony, ahead of its opening performance in September 2016.

Monaco Projects, Monaco, Monte Carlo, renovation

Major New Construction Project on Port Hercule Monaco

It has been announced that the Caroli Group will be lodging planning permissions by the end of April 2016 for the construction of a major new development of 42 apartments, plus offices, shops, restaurants, bars and museums together with a pedestrian promenade at the end of the new breakwater beyond the former Monaco Yacht Club.

Work on this futuristic-looking development is scheduled to start at the end of 2016 and to be completed in 2021.