Monaco Real Estate
Information about Monaco
Monaco, officially the Principality of Monaco), is a small sovereign city-state located in South Western Europe on the northern central coast of the Mediterranean Sea, having a land border on three sides only with France, and being about 16 km (9.9 mi) away from Italy. Its size is just under 2 km² with an estimated population of almost 33,000. Monaco is the world's most densely populated sovereign country, and the world's smallest French-speaking cou...ntry. An average person takes only 56 minutes to walk across the width of the country. Monaco is the name of the country as well as the name of its capital city. It is often regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries, making up a majority of the population, at around 84%.
Monaco is a constitutional monarchy and principality, with Prince Albert II as head of state. The House of Grimaldi has ruled Monaco since 1297, and the state's sovereignty was officially recognized by the Franco-Monegasque Treaty of 1861. Despite being independent, Monaco's defense is the responsibility of France.
Monte Carlo is one of Monaco's administrative areas, sometimes erroneously believed to be a town or the country's capital, just as Monaco-Ville. The official capital is the city of Monaco, which shares the exact same territory as the country itself (Monaco is indeed a city-state). Monte Carlo, which lies in the French Riviera on the Mediterranean Sea in Monaco surrounded by France and close to Italy is known internationally as a playground for the rich and famous. It is widely known for its casinos, gambling, glamour, luxurious yachts and for sightings of wealthy businessmen and famous people. The permanent population is about 3,000. Monte Carlo quarter includes not only Monte Carlo proper where the famous Le Grand Casino is located. It also includes the neighborhoods of Saint-Michel, Saint-Roman/Tenao, and the beach community of Larvotto. It borders the French town of Beausoleil (sometimes referred to as Monte-Carlo-Supérieur for image reasons).
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