R56 million will buy you this luxury studio apartment in glitzy Monaco. But it is only the length of 9 minibus taxis
Durban – The Principality of Monaco is known to be a playground for billionaires, a state famous for lavish wealth and glamour.
The country is dripping in so much luxury and extravagance that $1 million (R14.6m) will buy you only 15 square metres of prime property – less than the length of three mini-bus taxis, meterage squared, of course.
Its prime property, by size, is officially the most expensive in the world.
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By comparison, this amount will buy you 220 square metres of luxury property in the Mother City.
As an example of the opulence of prime Monaco property, a 54 square metre studio apartment is on the market for €3.5m (about R55.95m). It is described as being set in the heart of the Carré d'Or in a prestigious building, the Park Palace. The building faces casino gardens, has an indoor pool, fitness room, sauna, and 24/7 security.
“The studio consists of an entrance with cupboards, an equipped kitchenette, a large main room open to a large terrace overlooking the gardens of the casino, and a beautiful seascape,” states the local agency Berry & Quinti.
It also boasts a marble shower room, luxurious finishes, a cellar, and parking.
Monaco is a sovereign city-state on the French Riviera, and is famous for glamorous events such as the Monaco Yacht Show and the Monaco Grand Prix.
Data from Statista gives you a breakdown of how much prime property R14.6 million will get you in some of the world’s cities.
Click here to start your search for prime property in South Africa.
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