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.

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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.

 

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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.

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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.

 

 

 

 

 

 

Interior Design by Monaco Projects – Space-enhancing design ideas 1

Concealed Storage 

Space in Monaco, as in many cities, is at a premium. In order to maximise your space and to enrich your living experience, you need to make every square centimetre count. How do you do this? By making every part of your apartment multi-functional.

In this first article of a series focusing on clever, cool space-enhancing ideas, we are looking at concealed storage.

Concealed floor storage

 Before:

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The floor is used simply as a place for the furniture to rest on. Much of the room height is wasted.

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By creating a 35cm high platform, accessed by two steps along the window side of the room to maintain a safe window-ledge height, you make use of the space gained by insetting panels into the floor that hinge up allowing access to large storage units beneath.

In addition, drawers can be built into the front edge of the platform creating even more valuable storage space.

Note the insertion of the mirror behind the sofa, a useful design idea to give an extra feeling of space.

The final benefit is that the platform adds a strong architectural element to the room enhancing its aesthetics – beauty and functionality!

 

Concealed wall storage

 

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When closed, the wall panels show a clean, uncluttered space.

space-saving-floor-4

Sliding back the panels reveals a library, created taking only 20cm of depth from the room.

Monaco Projects specialises in space-enhancing interior design to bring functionality and style to your project. Please contact me for more information at gisela@monacoprojects.com.

 

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LED lights that change from warm white to cool white

Lighting changes how we see our surroundings. It can affect our mood, from feeling awake and alert to feeling relaxed and calm.

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Lighting temperature chart

The chart shows how the “temperature” of light is measured. It goes from 2,700k, the warm light associated with old-fashioned bulbs in the home, through to 6,500k a blue/white light that is considerably more vibrant.

Lighting design, as part of the interior design of your new home or business, has just become more flexible and much more exciting with the new dynamic white range of LED lights.

The range of dynamic lights includes LED striplights to illuminate under cupboards, coves, or cabinets, downlighter bulbs that are often found in spotlights and LED light panels that are frequently seen in offices.

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Dynamic lights change from warm white to cool white at the touch of a button to suite a task or mood.

Instead of having to make one, permanent choice in your new bathroom of a cool white to apply your makeup or of a warm white to have a relaxing bath, you can choose warm white or cool white, and even dim your lights, depending on the time or day or your mood.

You can light your kitchen with a bright, cool light for food preparation and change it instantly to a dimmed, warm light when your guests arrive. Easy!

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Please contact our lighting team on info@monacoprojects.com for further information about dynamic white LED lighting.

 

 

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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.

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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.

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Thirty Nine Monte Carlo – completion of the new exclusive private members’ club in Monaco

Thirty Nine Monte Carlo, a new exclusive private members’ club situated on avenue Princesse Grace in Monaco, which is being project managed by Monaco Projects is now approaching completion.

This multi-million euro, 2 year renovation and construction project, one of the biggest of its type in Monaco, will offer a 700m2 state of the art fitness suite, as well as spa and beauty rooms, a hair salon as well as Michelin star cuisine in its private members’ lounge and private function room. The total surface area being developed is 1,800m2.

Work is continuing apace to finalise the fitting out of Thirty Nine Monte Carlo after major works which have included not just renovation but also excavating 2 levels below the existing terrace to create 400m2 of additional space. We are working with all contractors to ensure that we remain on schedule for the club’s opening in September 2016.

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Thirty Nine Monte Carlo – bar

 

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Thirty Nine Monte Carlo – spa area

 

Thirty Nine Monte Carlo le Bahia avenue Princesse Grace Monaco

Thirty Nine Monte Carlo le Bahia avenue Princesse Grace Monaco

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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.