Not surprisingly, it has been recently noted in a new report by the human data agency Altrata that more ultra-high-net-worth individuals have chosen to make Monaco their home, by population density, than anywhere else, with one in every 39 homeowners being classed as a UHNWI.
UHNWI is an acronym used quite frequently in the region due in part to the lifestyle.
UHNWI is the term ultra-high-net-worth individual. It describes people with investible liquid assets of at least US$30 million (around €28.5 million), excluding personal assets, property, collectibles, and consumer durables.
Although used often to describe and promote a luxurious way of life, it is actually a strict definition that excludes most of the world, but there are a few enclaves where people in this category are highly prevalent and the Principality of Monaco is undoubtedly one of them.
The study, entitled ‘Residential Real Estate 2023: Spotlight on the World’s Leading Markets for the Wealthy’, took a “holistic view” of properties owned by these individuals, noting that many in this category own multiple homes and that the report is not focused solely on primary residences.
This study also showed that the top three main residence cities for this group are Hong Kong, New York, and London. With New York, London, and Miami being the top choices for UHNWIs to buy second homes.
“As we emerge from years riddled with uncertainty around a historic pandemic, social unrest, political discourse, and natural disasters, regardless of your age or demographic, luxury has made a monumental shift in the minds of the global population,” said Julie Faupel, Founder and CEO of REALM, which sponsored the report. “We are excited to partner with Altrata for a second time to examine how this shift is influencing how and where the world’s wealthiest individuals choose to reside.”
Analysis used in creating this report was done with Altrata’s Wealth-X Database, the biggest collection of focused research and intelligence on the world’s wealthy, as well as with their recently updated Wealth and Investible Assets Model, which launched this past December.
One thing you notice as a local in Monaco is there tend to be three primary camps. Those who flaunt their wealth, those who don’t, and those that are trying to achieve it.
For all you cinema buffs out there, a local villa from the movie, To Catch a Thief is now on the market.
With stunning views towards the Mediterranean Sea, Nice, and the Baou de Saint Jeannet, this villa would certainly be a keepsake to any buyer seeking something truly memorable in the Côte d’Azur, and the property’s unique history that is grabbing headlines.
In 1954, celebrated filmmaker Alfred Hitchcock selected the French Riviera as the location for one of his most famous films, “To Catch a Thief” and this particular property provided the stunning backdrop to some of the most iconic scenes in the movie starring Grace Kelly, as many will recall it was featured as the hideaway for Cary Grant’s character.
During this time, it was while on the set of the film that Kelly met Rainier III of Monaco. A year later the Prince and the movie star married, changing the Principality forever.
The film hit the silver screen in 1955 to high acclaim. “To Catch a Thief” would go on to win an Oscar for Best Cinematography in 1956 and was also nominated for Best Set; a nod to the beauty of the location chosen for the film.
This 400m2 property includes a main house and a guest house, both carefully preserved to maintain their authenticity while inconspicuously featuring modern comfort. And offers seven bedrooms and eight bathrooms.
The two buildings sit on a 5000m2 plot, with splendid panoramic views, a meticulously maintained garden, and a swimming pool.
This cinematic piece of history is listed at €3.6 million.
While the full schedule of the 16th edition of the Monte-Carlo Summer Festival is still to be announced, organizer Monte-Carlo Société des Bains de Mer recently revealed the list of international celebrities that will be in concert this summer in Monaco.
So far, these music superstars will entertain us in the open-air settings of the Place du Casino and Salle des Étoiles.
Superstar Sting will make his appearance on July 23rd with his ‘Sting, My Songs’ tour at the Place du Casino.
Princess Stephanie’s charity, Fight Aids Monaco chose Michael ‘The Magic of Michael Jackson’ as an ambassador for its cause this summer, with a concert on July 21st.
The dynamic musician and singer-songwriter Mika, known for his hit song, ‘Grace Kelly’ will also return to the Sporting Monte-Carlo on August 4th.
Tarkan, the ultra-talented star of Turkey, will close the Monte-Carlo Summer Festival season on August 19th.
SBM will soon release the full schedule of performers for this year’s biggest music festival in the Principality so stay tuned.
To change things up this month, we thought it best to showcase for you a small selection of our luxury villa rentals in the Côte d’Azur, after all, it’s how we got our start in the real estate industry in the region.
The trick to obtaining the villa rental of your holiday dreams here is to book as far in advance as possible.
This way, you get a wider arrange of property options to choose from, and at a much better rate.
Although we have direct access to over 200 villa rental options in the French Riviera, property stock does become drastically low due to demand at peak season, which means bidding wars on a property can take place even with us negotiating on rates on behalf of our clients and keeping our commission flexible.
Booking a villa rental is done on a weekly basis, some properties require a two-week minimum stay and a few require a full month minimum stay.
We have noticed as of November 2022, a drastic increase in vacation rental bookings for summer 2023 and even 2024. This is an indication to us, now that the pandemic is over, confidence in travel is back to its usual demand for those seeking a holiday in France.
As part of your travel plans, it’s important to have a realistic budget range to stay within, along with your travel dates, location, style of property (contemporary or Provençal), number of guests and bedrooms, plus any additional requirements.
Also keep in mind, the closer to the sea, beaches, and local amenities, the higher the rates, with those properties still booking quickly due to this being a prime international travel destination.
Again, we all see our dream properties on social media platforms, it’s best though to be realistic with your budget as a fully staffed, 20 million euro property will not be rented for 200 euros a night, as this is something we get asked frequently.
If by chance one of our properties is completely booked, or you are finding that nothing is available in a specific location, we do have access to other villa rental options through our long-standing partnerships and also to properties that are kept off-market to the public.
With that, here is a general idea of our villa rentals.
Eze, France
Offering a beautiful panorama over the Mediterranean Sea, yet only a short walk away from the beach of Eze is this outstanding holiday villa rental. A contemporary and modern home over 5 floors, it offers the best place to relax in this exclusive French Riviera enclave.
At the end of a street and tall perimeter walls give you all the privacy you need, yet it also serves as a key contrast of what is to come. As the elevator brings your guests up, they are left speechless at the breathtaking sea views from every room on every floor; expansive glass windows and sliding glazed doors frame the glistening sea and invite you to take in the wonder of this unique villa that can be yours for a few weeks to months.
Built to the highest possible standards, it offers an expanse of 400 square meters of internal space to accommodate your every need. Linger in bed or soak in a bath in the spacious bedrooms and bathrooms, enjoy the open views from the sofa, take in a movie in the TV room, have a late breakfast in the open plan kitchen area, run and lift a few weights in the fitness area before relaxing in the spa.
The villa can accommodate very comfortably up to 10 adult guests to stay overnight in a luxurious style. All five bedrooms have been beautifully designed with gorgeous en-suite bathrooms. 2 additional beds can be conveniently added in order to accommodate children.
An additional maid’s room conveniently placed allows guests to combine privacy with convenience.
All just minutes away from both Monaco and the city of Nice.
Saint Jean Cap Ferrat
In Saint Jean Cap Ferrat, on a private lane behind tall perimeter walls, this villa, while sequestered, also offers expansive glass windows and sliding glazed doors with uninterrupted views of the sea from every single room.
This extraordinary villa boasts four floors of interior space with an elevator.
Entertain family and friends, work out in the gym, take in a movie in the cinema room, have a late breakfast in the open plan kitchen area, or hideaway with a good book in the library.
The main house and the guest house in the gardens sleep up to twelve guests in sheer luxury. All six bedrooms have lounge areas and elegant en-suite bathrooms including an additional staff suite.
Perfect for a most memorable stay.
Saint Paul de Vence
Exceptional holiday rental estate in the heart of 10 acres of landscaped gardens with a swimming pool and tennis court in Saint Paul de Vence.
7 bedroom(s) 14 sleeping(s)
Land: 10 acres
Able to accommodate up to 14 people, this property has a total of 7 comfortable bedrooms including 2 master suites.
Built on 3 levels, this home has been completely renovated with luxurious amenities and offers its guests top-of-the-range facilities such as an incredible heated indoor swimming pool, a cinema room, etc.
The reception rooms open onto a fully landscaped garden with stairs lead to an imposing swimming pool, the pool house, its summer kitchen, and the tennis court.
A caretaker couple living in a staff cottage is at your disposal to provide you with a dedicated service to make your stay unforgettable.
Saint Tropez
This is St Tropez’s stunning new property with sea views on Canoubiers Bay, nestled in the prestigious secured private domain of Les Parcs. This is a stylish 400 sqm villa on a 4000 sqm plot of land.
The villa has been designed for guests who love being accommodated in an authentic stylish Provençal Bastide in the heart of a luxuriant Caribbean/oriental style magnificent garden with half-century-old “Washington and Phoenix” palm trees.
The holiday property features a master suite with a private terrace and an incredible sea view plus 5 themed en-suite bedrooms, staff/security crew rooms, a laundry room, TV room, and study, high-speed internet connection, indoor and covered outdoor dining room, indoor lounge with fireplace, several outdoor lounges, the high terrace, outdoor kitchen, and pizza oven, WEBER BBQ, fitness and technology equipment, smart TV, SONOS sound system, air conditioning throughout.
And a 14m heated infinity swimming pool with jet swim motion, jacuzzi, breath-taking views from the pool deck, tropical garden, kitchen garden, covered carport, remote automatic entrance gate, state-of-the-art security system (new fully fenced property, infra-Red Cameras and anti-intrusion-detectors-connected with Les Parcs security squad) and 5 min access to the sea.
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