Monte Carlo Hotel

The population of Europe's favorite refuge incoming tax is changing, according to a Monaco travel guide.

The best known tax havens of Europe, Monaco was also considered a social gathering and holiday place for the rich - and home to wealthy businessmen taking advantage of the policy of zero percent tax .

With strong social partners of the Grand Prix of Monaco, the luxury yacht show and casino, the image of the incoming population of Monaco could be interpreted as a business environment dominated by men oriented, with women take their place behind the casino tables and dealing with the pit lane for the Grand Prix of Monaco.

But changing the input mixture, and with it the image of Monaco and Monte Carlo.

The travel guide said that the change has been noticeable in recent years, with more women taking senior positions in banks and financial institutions in Monte Carlo.

"Ten years ago it would have almost certainly been a man you would see if you want to open a bank account in Monaco. Now there's a good chance that the manager is a woman who got the position on merit. "

Further evidence of the evolution of the population of Monaco is a Monaco real estate company who noticed a larger percentage of their requests for information from women.

"The amount of women asking for a property in Monaco has increased in recent years," they say. "At one time it was mainly businessmen who were selling and looking for a tax haven to retire to. There is much more business in search of property in Monaco now, and more women of independent means as well.

A report in the UK from the Centre for Economics and Research suggests that the trend of more women to decide independently to move to the tax haven of Monaco could rise because they suggest more than half the millionaires in a few years will be women.

And the Grand Prix of Monaco, the principality is Europe's best known tax haven, with residents enjoying a zero-tax nominal income.

With property prices among the highest in the world, residents of Monaco normally need to spend six months a year there to maintain residency.

An announcement was made recently that a new island to be built off Monte Carlo, which will provide more land and property in the country's second smallest in the world.

Bidders for the development were invited to consider the environment - and also the Grand Prix of Monaco. This suggests a possible new route for the race.

Despite being one of the sports world's most glamorous Grand Prix of Monaco is known for a lack of overtaking opportunities, and the new space might in time address the historical criticism of the race.

property prices in Monaco are high due to the lack of land - in the past one of the districts, Fontvieille, had much of its area reclaimed from the sea, but property prices there equal those of the best known of Monte Carlo.

One of the best known buildings in Fontvieille, Seaside Plaza, has average prices of three to four million euros for an apartment with three bedrooms, a bathroom and four bedrooms four there is currently on the market nearly ten million.

A real estate company specializing in Monaco property doubt that prices will ease much.

"As the price of development is completed in Monaco would have probably gone anyway, and this new development on the side of the case is likely to aim for quality rather than quantity," they say. "It is almost certain that the properties will be caught investors off-plan, then return to the market with a premium once the buildings are completed. The development in itself to attract more attention to the Monaco property market. In prices in the short and medium term.