Monacos annual yacht show which ran Wednesday 21 September to Saturday 24 September attracted over ninety of the worlds finest yachts and five hundred of the worlds best yachting companies.
The show has grown in popularity over the fifteen years since it began, and this year attracted over twenty thousand visitors to the Principality.
The luxury yachting market has tripled in the last eight years, and helped along by orders from Russias nouveau riche, the industry has seen an increase in orders of over a quarter in the last year alone.
But while luxury and Monaco are often associated, poor sales and a possible drop in property prices havent been seen in the Prinicpalitys real estate sector for over a decade.
Monaco Real Estate
In contrast to the highly successful Yacht Show, property sales in Monaco have been unusually slow in 2005. Although only a square mile in size there are over a hundred estate agencies battling for buyers to choose their services, and at times it seems that every third or fourth retail unit has been commandeered by a property company in Monte Carlo, the best known and most sought after area of Monaco.
According...
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