MICHELE TECCHIA: REAL ESTATE INMONACO IS STILL AN INVESTMENT OPPORTUNITY 

Monaco is a city that has beenthriving lately. This is because of the real estate industry that has taken the
investment market of this city by storm. In this city’s industry lies
developers, broad-minded investors like Michele Tecchia and, above all, great
opportunities. Michele Tecchia noticed the city’s real estate high
growth potential and immediately started investing in the industry. Since he
ventured into this business, he has achieved great milestones. This can be seen
from various projects he has been involved in, such as development and value
addition to properties.

MicheleTecchia Monaco is an experienced Realtor in London and now in Monaco with ademonstrated history of working in the real estate industry. Skilled in
Sellers, Short Sales, Foreclosures, Working with Investors, and Working with
First-Time Home Buyers. Strong real estate professional with a Bachelor’s
Degree focused in Accounting and Finance from London Institute of Higher
Education, UK.

On the other hand, London hasseveral reasons that make it worth doing this kind of investment, but not as
good as Monaco. Being the capital city of the UK, it is a popular place for
investment because of the high demand for rental and housing properties. But
for various reasons, like climate and taxation, it could offset the
attractiveness of London.

Comparison of investment of realestate in both of these cities

This kind of investment in thesecities is a great idea. But as with any other market, this investment in the
cities has advantages and disadvantages. We will compare these two cities’
investments by outlining their pros and cons. At the end of this article, you
will be able to point out which of the two cities is best for this investment.

Now into the crux of the matter,let’s first look into the pros and cons of this investment in Monaco.

Advantages as Noted by MicheleTecchia 

According to Michele Tecchia,this is a great city for this investment due to the following reasons;

· It is a great location.Perhaps, the city is located in one of the best spots in the world. It has
legendary sumptuous-looking buildings that mainly attract investors. The port
city is also amazing in that it provides excellent access to the Grand Prix,
one of the thoroughfares in the city.

· The city is easilyaccessible by sea or air. As it is a port city, it is easily accessible by
water. It has airports that make it also accessible by air. This makes it an
ideal place for a good lifestyle and this investment.

· The city is full of cultureand art. Despite being small-sized, its capital and old city, Val de Grace,
holds a lot of beautiful architecture. They include the Prince’s Palace,
Arsenal Stables, Casino Monte-Carlo, Palais Princier and Hotel de Paris, which are
all World Heritage Sites for UNESCO. This old city also has various great art
galleries which attract many visitors.

· It has an excellentlifestyle. Because the city is a port, it has beaches such as the Palm
Beach-style. Spending time on the beach is one excellent way to have a
luxurious lifestyle. For this reason, the city can make an excellent place to
rent out or, even better, build rental properties for investment.

· It has a continuouslygrowing luxury market. Places like Monte Carlo have attracted wealthy
individuals, for it offers significant tax relief for those who want to invest
or settle in the city. This city is mostly sort for commercial and residential
property investment and has continued attracting the wealthiest customers.

Michele Tecchia concludes bysaying, “this is why real estate in the city is an investment opportunity.”

Disadvantages 

· Investing in this city canbe too expensive. The city’s real estate is among the most expensive globally.
Therefore, you need to have enough money to start this investment. This is why
the city only attracts the wealthiest people worldwide to invest.

Advantages of this kind ofinvestment in London 

· High rental returns. Rentalreturns are among the most important things to consider when investing. Investing,
especially in buy-to-let properties, brings about high rental returns to
investors.

· High demand for properties.The number of people searching for rental properties is higher than the number
of rental properties that are available in the market. Therefore, investing in
building rentals or houses to sell would greatly benefit investors and those
searching for rental houses.

· With the rise in propertyprices in London, many investors are turning to alternative regional cities.
Major cities in the United Kingdom’s regional areas, such as Manchester and
Birmingham, are venturing into development projects and major regeneration,
which improve amenities and connectivity. These projects, in turn, add value to
properties in these cities as they become more attractive to businesses and
residents, increasing the need for this investment.

· Leads to low interestrates. Low interest rates allow lenders such as banks and building societies to
offer low property mortgage rates to investors and small lenders. This allows
investors to remortgage the existing properties at lower rates in order to get
a better value out of these property investments.

With the advantages anddisadvantages of investing in these cities, Monaco is by far better for its
advantages are more while its disadvantages are less compared to those of
London.

Michele Tecchia gives his finalthoughts regarding Investment in Monaco

This is one of the cities MicheleTecchia has practised his skills and earned immense experience in the
industry. He notes that “finding a listing that have the right location, design
and also price in this city, whether selling or buying a home is not easy. But
this doesn’t mean the city’s market has a lot of competition and no space left
for incoming investors. Instead, it means that there is a likelihood of the
city becoming more exclusive in the coming days considering the appreciation
rate and current growth.” This shows the high rate of this investment going on
in this country.