Do you know why Monaco has never experienced a crisis so far? It's simple. 

 Monaco is a highly sought-after destination for foreign buyers, which creates high demand for real estate in the city.

This demand is driven by various factors such as security, advantageous taxation, quality of life, climate, and proximity to major cities like Nice, Cannes, and even Saint-Tropez.

Limited supply : Monaco is a very small territory, and as a result, the supply of real estate is limited, which can keep prices at a high level.

A significant proportion of properties owned by corporate entities: Many properties in Monaco are owned by foreign companies or investment funds. 

These entities are often less affected by economic fluctuations or financial crises than individuals, which can contribute to the stability of the real estate market.

Monaco has a stable economy with steady GDP growth and a very low unemployment rate. 

This economic stability can contribute to the stability of the real estate market.

Monaco has an unparalleled luxury market characterized by high-end properties offering spectacular views of the Mediterranean, premium finishes, and quality amenities. 

This luxury market attracts extremely wealthy buyers for whom economic fluctuations have less impact than for modest buyers.