Released on = May 1, 2006, 2:32 pm

Press Release Author = YourMonaco.com

Industry =

Press Release Summary = Monaco is getting ready for the very welcome invasion of
race fans and celebrities which makes the Monaco Grand Prix such a unique occasion.

Press Release Body = The Monaco Grand Prix ranks among the top sporting events in
the world, and for good reason.

The combination of Formula One cars street racing and the influx of celebrities to
the playground of Europe make a heady mix for the annual event, and is viewed as
part of the social calendar for the world's top sports stars, actors, models and
businessmen.

The circuit takes in Casino Square and passes by the renowned Hotel de Paris in
Monte Carlo, making it one of the most recognisable hotels in the world.

The race started in 1929, organised by Monte Carlo resident and founding president
of the Automobile Club de Monaco, Anthony Noghes, and the Grand Prix has made the
world's second smallest country a destination of choice for many.

While Monaco enjoys the attention of the world's media for one weekend every May,
she also attracts many people long term to become residents due to her tax haven
status, and residents enjoy a zero rated income tax.

In recent years Monaco has attracted the wealthy for another visit. The annual
Monaco Yacht Show in September has the most exclusive yachts in the world moor at
the harbour in Fontvieille, and the hotels in Monte Carlo and Monaco are booked full
nearly a year in advance.

For both events, the Monaco Grand Prix and the Yacht Show many visitors stay in
nearby Nice and travel in, and the hotels in Monaco enjoy full occupancy at premium
rates.

Monaco Real Estate

Once a European backwater, Prince Rainier turned Monaco into one of Europe's best
known locations, combining glamour with an income tax free policy that has attracted
millionaires and billionaires to the principality for the last forty years.

Real estate prices reflect the prestige and tax advantages of living in Monaco. One
local Monaco estate agency report that currently they have a one bedroom apartment,
with no sea views, available at 880,000 Euros. And by the time closing costs are
taken into account this rises to around a million Euros.

A two bedroom two bathroom apartment in Monte Carlo is available for 1,900,000 Euros.

And a five bedroom four bathroom apartment, recently featured on the BBC's Money
Programme 'No tax please - we're rich', in Fontveille, the same area of Monaco
where the Hotel Columbus, part owned by Grand Prix driver David Coulthard, is
situated with Mediterranean views is available for ten million Euros.

With demand from clients worldwide the prices of real estate in Monaco is likely to
be among the highest in the world for the forseeable future.

Commenting on the local property market, several estate agents have reported good
sales for Monte Carlo real estate and for Monaco generally in the first quarter of
2006, with the top end of properties in Monaco doing particularly well compared to
the same quarter last year.

And there are rumours among the owners of the hotels in Monaco and Monaco Real
Estate industry that two islands could be built with bridges to connect them to
Monte Carlo which would allow some 5000 new low rise properties and a hotel to be
built.

If the rumours become true of more availability of properties and a new hotel in
Monaco the possibility also exists of an extended or changed circuit for the Monaco
Grand Prix in years to come.

For a Monaco and Monte Carlo guide including the Monaco Grand Prix
http://www.yourmonaco.com Map of Monaco, weather, property and real estate closing
procedures and costs. Also, Monaco flight and Nice hotels and airport information.

For the Hotel de Paris Monaco, the Columbus and other hotels in Monte Carlo
http://www.yourmonaco.com/hotels

Monaco Real Estate http://www.monacoproperty.net


Web Site = http://www.yourmonaco.com

Contact Details = Your Monaco, Welbeck House, High Street,
Guildford, Surrey, GU1 3JF, England