Monaco Takes Property Pole Position For F1 Destinations

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Monaco takes property pole sitting 1,508% ahead of F1 house price average

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Monaco: The Most Prestigious F1 Location

This Sunday, Formula 1 heads to perhaps the most iconic track in the racing calendar in Monaco and research by the leading high-net-worth mortgage broker, Enness Global Mortgages, has revealed that it also takes pole position where property values are concerned.

The research by Enness shows that on average, property values across the 22 nations to feature in the 2021 F1 race schedule sit at £2,549 per square meter on average.

However, with property values in Monaco averaging £40,991 per sqm, it’s by far the most prestigious F1 location from a property standpoint, coming in at 1,508% more than the average across all F1 destinations.

Singapore is the only other F1 host nation to see property values hit five figures, with the average price sitting at £13,130 per sqm, 415% above the average of all F1 locations.

Japan takes the final spot on the podium at £6,365 per sqm, with France, Australia, Austria, the UK, the Netherlands, Belgium and Italy also ranking within the top 10 and home to above average property prices.

In contrast, Turkey is home to the most affordable F1 house price at just £543 per sqm, coming in -79% below the average of all F1 nations.

At £735 per sqm, Saudi Arabia also offers a good level of F1 house price affordability, as does Mexico (£861), Russia (£871) and Brazil (£938).

Global Real Estate Grid Domination

Managing Director of Enness Global Mortgages, Hugh Wade-Jones, commented:

“Although the capacity for this weekend’s race is limited, there’s always a great buzz around Monaco when the F1 comes to town. It really is the pinnacle of the Formula 1 calendar and so it comes as no surprise that Monaco also continues to dominate the global real estate grid.

Monaco is essentially the most exclusive community in the world with only the very wealthy in a position to join. This consistent demand coupled with a limited number of opportunities to climb the Monaco property ladder means that property will always maintain it’s value and we’re unlikely to see Monaco overtaken by any other global destination, no matter how up and coming they may be.”

Grand Prix Location for price Average Property Price (Sqm) Vs Average of All F1 Destinations
Monaco Grand Prix Monaco £40,991 1508%
Singapore Grand Prix Singapore £13,130 415%
Japanese Grand Prix Japan £6,365 150%
French Grand Prix France £4,914 93%
Australian Grand Prix Australia £4,667 83%
Austrian Grand Prix Austria £4,395 72%
British Grand Prix United Kingdom £4,282 68%
Dutch Grand Prix Netherlands £3,584 41%
Belgian Grand Prix Belgium £2,804 10%
Italian Grand Prix Italy £2,802 10%
United States Grand Prix United States £2,554 0%
Spanish Grand Prix Spain £2,544 0%
Portuguese Grand Prix Portugal £2,254 -12%
Abu Dhabi Grand Prix United Arab Emirates £2,148 -16%
Bahrain Grand Prix Bahrain £2,053 -19%
Hungarian Grand Prix Hungary £1,667 -35%
Azerbaijan Grand Prix Azerbaijan £1,020 -60%
Brazilian Grand Prix Brazil £938 -63%
Russian Grand Prix Russia £871 -66%
Mexico City Grand Prix Mexico £861 -66%
Saudi Arabian Grand Prix Saudi Arabia £735 -71%
Turkish Grand Prix Turkey £543 -79%
Average of all F1 Destinations £2,549 N/A

Property prices sourced from Numbeo, IMSEE and Mansions Global

  • Enness Global arranges high-value mortgages and finances secured against prime real estate in the UK and internationally.
  • They work exclusively with over 500 global lenders to secure the best terms based on individual circumstances.
  • They offer cohesive global mortgage solutions via a network of international offices and understand the intricacies of individual market places.
  • Enness CEO, Islay Robinson, co-founded the company in 2007 and his expertise have recently been recognised by The Spear’s 500 Guide to the best private client advisers and also by Tatler, being the first HNW Property Financer to be included in their address book.
  • Co-founder of Enness and Managing Director Hugh Wade-Jones is a widely recognised industry leader, winning Best Broker for Large Loans for three consecutive years, and described by the Financial Times as the to go mortgage broker for the super rich.Both have decades of industry experience between them and are unrivalled in their knowledge of the sector.