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Monaco Yachts Attract Royalty and Multi-Millionaires

by Tribune2

The super yacht industry has gone from strength to strength in
recent years, and the Monaco Yacht Show has proved to be the
natural home for their annual display to would be buyers.

Spotted among possible buyers was British Royal Prince Michael
of Kent.

The world's leading luxury yacht show in Monaco held 18-22
September is to pay for 55 wind turbines in New Zealand - enough
to generate power for 45,000 homes - making the event 'carbon
neutral'.

Under the watchful eye of Prince Albert, the yacht show is part
of Monaco's new stance on global warming, and comes shortly after
Prince Albert himself travelled to the North Pole in April to
highlight the damage he believes global warming is having on the
environment.

'Since Prince Albert came to the throne last year' commented one
Monaco travel guide after the show, 'Monaco has changed her
policy from one of the few countries not to sign the Kyoto
Protocol to not only signing it but taking a lead in the battle
against global warming. Prince Albert has personally taken steps
to show how concerned he is, and by setting the example of going
to the North Pole has shown the leadership necessary to encourage
Monaco companies to become environmentally friendly, and the
Monaco Yacht Show is an example of this'.

The Monaco Yacht Show has bult a reputation over the years as
the place for the wealthy to view potential purchases, and this
year there will be nearly a hundred yachts on display to those
able to afford it.

In total some 22,000 visitors attended with over 500 exhibitors
from the yachting world exhibiting.

The mix of wealth and Monte Carlo also means that real estate
agents in Monaco were on full alert. In previous years the Monaco
Yacht Show has often proved more beneficial for the realtors than
the Monaco Grand Prix.

The Monaco Grand Prix attracts tens of thousands of Formula 1
fans annually to the principality at the end of May, but with
some Monte Carlo streets closed, showing property in Monaco can
be more problematic than during the Yacht Show.

A Monte Carlo real estate agent says that the more relaxed
atmosphere of the Yacht Show allows potential property buyers to
view properties.

'If someone is visiting Monaco for the Yacht Show and has
several million Euros available, it's a pretty safe assumption
that those buyers will have a few million for a property too, and
a luxury yacht and Monaco Real Estate appeal to the same type of
buyer.'

Typical of Monaco Real Estate prices is a two bedroom two
bathroom apartment in Seaside Plaza, close to where the Yacht
Show is located, at 3,700,000 Euros.

Monaco Hotels

The emergence of the Yacht Show has helped the Monaco economy by
drawing the world's wealthy to the principality for four days in
September.

Until recently the Monaco Grand Prix in May and the Monte Carlo
Masters tennis the month before have been the two main events of
the year which boost the occupancy levels of the hotels in
Monaco.

With the Yacht Show in September filling the hotels at premium
rates, it has proved to be a welcome addition to the calendar of
events for both residents and businesses alike, and the Hotel de
Paris Monte Carlo proved to be the scene of many deals being
signed over the four days.

This year also saw the first Monaco Flower Show, which it is
hoped will also be a tourist magnet in future years.

'In the past Monaco has had the highlights of the Monaco Grand
Prix and the tennis, with consistent numbers of visitors the rest
of the year,' say the Monaco travel guide, 'but Monaco is
becoming much more diverse in what it offers throughout the
calendar year. The Yacht Show has been a success, and given a
little time the Monaco Flower Show will appeal to a different
type of tourist, and might be as popular as the Hampton Court and
Chelsea Flower Shows are in the UK. Diversity is the key to
sustained tourism, and Monaco is doing it very well.

Despite being the second smallest country in the world, Monaco
has attracted many of the world's top business and entertainment
people to live there due to her income tax free status, and with
Prince Albert at the helm it seems that the principality is
beginning to punch above her weight in world politics as he takes
the lead on environmental issues', they add.

For <a href="http://www.yourmonaco.com/hotels">Monte Carlo
hotels</a> and today's <a
href="http://www.yourmonaco.com/weather">Monte Carlo weather</a>
visit http://www.yourmonaco.com

The latest <a href="http://www.monacoproperty.net">Monaco
property</a> is at monacoproperty.net

Syndicated by Top Gazebos - www.topgazebos.net

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