Monaco Yachts Attract Royalty and Multi-Millionaires

The super yacht industry has gone from strength torelaxed atmosphere of the Yacht Show allows
strength in recent years, and the Monaco Yachtpotential property buyers to view properties.
Show has proved to be the natural home for their'If someone is visiting Monaco for the Yacht Show
annual display to would be buyers.and has several million Euros available, it's a pretty
Spotted among possible buyers was British Royalsafe assumption that those buyers will have a few
Prince Michael of Kent.million for a property too, and a luxury yacht and
The world's leading luxury yacht show in Monaco heldMonaco Real Estate appeal to the same type of
18-22 September is to pay for 55 wind turbines inbuyer.'
New Zealand – enough to generate power forTypical of Monaco Real Estate prices is a two
45,000 homes – making the event 'carbonbedroom two bathroom apartment in Seaside Plaza,
neutral'.close to where the Yacht Show is located, at
Under the watchful eye of Prince Albert, the yacht3,700,000 Euros. Monaco Hotels
show is part of Monaco's new stance on globalThe emergence of the Yacht Show has helped the
warming, and comes shortly after Prince AlbertMonaco economy by drawing the world's wealthy to
himself travelled to the North Pole in April to highlightthe principality for four days in September.
the damage he believes global warming is having onUntil recently the Monaco Grand Prix in May and the
the environment.Monte Carlo Masters tennis the month before have
'Since Prince Albert came to the throne last year'been the two main events of the year which boost
commented one Monaco travel guide after the show,the occupancy levels of the hotels in Monaco.
'Monaco has changed her policy from one of the fewWith the Yacht Show in September filling the hotels
countries not to sign the Kyoto Protocol to not onlyat premium rates, it has proved to be a welcome
signing it but taking a lead in the battle against globaladdition to the calendar of events for both residents
warming. Prince Albert has personally taken steps toand businesses alike, and the Hotel de Paris Monte
show how concerned he is, and by setting theCarlo proved to be the scene of many deals being
example of going to the North Pole has shown thesigned over the four days.
leadership necessary to encourage MonacoThis year also saw the first Monaco Flower Show,
companies to become environmentally friendly, andwhich it is hoped will also be a tourist magnet in
the Monaco Yacht Show is an example of this'.future years.
The Monaco Yacht Show has bult a reputation over'In the past Monaco has had the highlights of the
the years as the place for the wealthy to viewMonaco Grand Prix and the tennis, with consistent
potential purchases, and this year there will be nearlynumbers of visitors the rest of the year,' say the
a hundred yachts on display to those able to affordMonaco travel guide, 'but Monaco is becoming much
it.more diverse in what it offers throughout the
In total some 22,000 visitors attended with over 500calendar year. The Yacht Show has been a success,
exhibitors from the yachting world exhibiting.and given a little time the Monaco Flower Show will
The mix of wealth and Monte Carlo also means thatappeal to a different type of tourist, and might be as
real estate agents in Monaco were on full alert. Inpopular as the Hampton Court and Chelsea Flower
previous years the Monaco Yacht Show has oftenShows are in the UK. Diversity is the key to
proved more beneficial for the realtors than thesustained tourism, and Monaco is doing it very well.
Monaco Grand Prix.Despite being the second smallest country in the
The Monaco Grand Prix attracts tens of thousandsworld, Monaco has attracted many of the world's top
of Formula 1 fans annually to the principality at thebusiness and entertainment people to live there due
end of May, but with some Monte Carlo streetsto her income tax free status, and with Prince Albert
closed, showing property in Monaco can be moreat the helm it seems that the principality is beginning
problematic than during the Yacht Show.to punch above her weight in world politics as he
A Monte Carlo real estate agent says that the moretakes the lead on environmental issues', they add.