Monaco

Monaco

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Even the super-rich have been a bit wary of Monaco in the past few years, but 2013 was “one of its best years for real estate in recent history”, says Alexander Kraft, the chairman of Sotheby’s International Realty. Prices were up by 10 per cent in the first quarter of 2013 and with high demand for a small if pricey housing stock, there is no sign of a slowdown. If you have the cash, the principality looks like a safe bet.

On the market: Apartments at the new Tour Odeon, one of Europe’s tallest residential towers, from £14.95m