In 2006, the average price per square metre for a house in Monaco was €15,000. By 2015, that had crept up to €36,000, making it the second-most expensive place in the world after Hong Kong.
The most recent figures from Savills show that it has continued to rocket since then, up to €41,300 per square metre. Hong Kong is now comfortably in the rear view mirror: Monaco is now the most expensive place in the world to buy property.
As such, you won't be entirely surprised to learn that agents Finlay Brewer are soliciting offers of around €75 million for this glorious flat, named 'Le Panorama', overlooking Port Hercules and right at the heart of the action.
It's a lovely Art Deco home that has been beautifully refurbished – not always a given in Monaco, where many places come to the market not having been re-done for many years – and is being sold as-is, with all furniture, fittings and fixtures included.
The apartment takes up an entire floor of the building, with the balcony wrapping around most of it. And while the views are the most eye-catching feature, the internal features are also something to write home about: there are six double bedrooms, all en-suite, as well as two huge open-plan living spaces. There's also a soundproofed room currently set up as a home cinema, but as the agents helpfully note it could 'also be used as a recording studio'.
But it's the views which will really grab the attention, being little short of glorious. The famous harbour is spread out before you like a painting, and Formula 1 fans will be delighted to hear that the first corner of the legendary street circuit is immediately below. Fast living is guaranteed.
New kids on the block: Spectacular new builds in Monaco
As the Principality contains some truly covetable properties, its new-builds are among the finest. Eleanor Doughty picks three to inspire.
Credit: Strutt and Parker
Best country houses for sale this week
An irresistible West Country cottage and a magnificent Cumbrian country house make our pick of the finest country houses for
Grand-Hôtel du Cap-Ferrat review: A 1950s icon beloved of Churchill and Elizabeth Taylor, as good as ever in the 2010s
Rosie Paterson travelled to one of the Mediterranean's most famous hotels: the beautiful Grand-Hôtel du Cap-Ferrat.
-
Athena: We need to get serious about saving our museumsThe government announced that museums ‘can now apply for £20 million of funding to invest in their future’ last week. But will this be enough?
-
Six rural properties with space, charm and endless views, as seen in Country LifeWe take a look at some of the best houses to come to the market via Country Life in the past week.
-
Six rural properties with space, charm and endless views, as seen in Country Life
We take a look at some of the best houses to come to the market via Country Life in the past week.
-
380 acres and 90 bedrooms on the £25m private island being sold by one of Britain's top music producersStormzy, Rihanna and the Rolling Stones are just a part of the story at Osea Island, a dot on the map in the seas off Essex.
-
A home cinema, tasteful interiors and 65 acres of private parkland hidden in an unassuming lodge in KentNorth Lodge near Tonbridge may seem relatively simple, but there is a lot more than what meets the eye.
-
A rare opportunity to own a family home on Vanbrugh Terrace, one of London's finest streetsThis six-bedroom Victorian home sits right on the start line of the London Marathon, with easy access to Blackheath and Greenwich Park.
-
A tale of everyday life as lived on Britain's most expensive streetWinnington Road in Hampstead has an average house price of £11.9 million. But what's it really like? Lotte Brundle went to find out.
-
Damon Hill's former home in Marbella is the perfect place to slow downThe glorious Andalusian-style villa is found within the Lomas de Marbella Club and just a short walk from the beach.
-
A 327-acre estate in the heart of 'England’s Côte d’Or', with a 26,000sq ft Georgian style home at its heartStokes Hall in the Crouch Valley is an inspiring property looking for a new owner.
-
Schreiber House, 'the most significant London townhouse of the second half of the 20th century', is up for saleThe five-bedroom Modernist masterpiece sits on the edge of Hampstead Heath.
