House price in Morocco 1 m2 4 1 ten thousand. Why is it so high?

Monaco, surrounded by French on three sides, belongs to "China". It is the second smallest country in the world, after the Vatican. But one third of the people here are millionaires, and there are many billionaires. In Monaco, yachts of rich and famous people can be seen at any time, and many business activities are carried out here. People meet customers on yachts or attend dinners on boats.

? ? However, the consumption level here is very high. One bedroom is about 3,000 euros (about 23,000 RMB) a month. The average after-tax salary of residents here is 3475 euros, and the children attend ordinary kindergartens for one month 1200 euros. It costs 3.82 euros (about 29 yuan RMB) to consume a bottle of 300 ml coke every day, and it costs 100 euros for two people to have a meal in a mid-range restaurant.

Monaco, with about 38,000 residents, is overcrowded because of its small size. The existing places where buildings can be built have been used to the limit. It is still not enough to dig land on the hillside to build houses or even dig tunnels underground. Prince Albert II, the current ruler, has agreed to the reclamation project. The housing prices here are enough to deter many people. The house price in Monaco ranks first in the world, ranging from 53,000 euros (about 4 1 10,000 RMB) to 1 10,000 euros (about 770,000 RMB) per square meter.

Summary: What is important is that there is no income tax here, and it is a proper "tax haven". It is no secret that people immigrate to Monaco for economic reasons. There is no income tax here, and most enterprises doing business in Monaco do not need to pay enterprise value-added tax. Taxation is the main reason why people immigrate here.