"When it comes to luxury real estate, there is no place quite like Michele Tecchia Monaco. The small country off the French Riviera has long been known for its luxury and stature as international capital," explains Michele Tecchia. Whether you are looking to buy or sell a home in the principality, you’ll…

1. Michele Tecchia: A square meter in Monaco goes for
around $48,000, making it the ideal place to invest
your money
Michele Tecchia attended Finchley Catholic High School in his teen years, from 1986 to 1990.
He later joined the University of Sunderland in 1990, studying for his BA in Management
General and Business Administration. In 1992 he joined the University of Bedfordshire, where
he studied for his Master of Business Administration. His educational background in business
administration has greatly contributed to his current career success.
Michele Tecchia practiced and gained experience in London, but currently, he practices in
Monaco.
He began his career in the photocopier industry as a salesman. His duties were marketing for
various applications, he later moved to market Xerox copiers and finally for more integrated
applications such as full-color printers and black and white. He later progressed to printing
solutions marketing, which made him more involved with printing machine processes. During
this period, he travelled to Asia occasionally for the machines.
Between 2008 and 2009, he consistently travelled to Beijing every two weeks. Travelling for 13
hours every two weeks took its toll on him, wearing him out both physically and emotionally.
The trips were having a negative effect on his social life and family. Michele decided to tap into
a new career that involved travelling less often.
Michele Tecchia ventured into real estate due to its high growth potential and reduced risks, even
though it lacked the technological pace. His new venture was ideal because it allowed him to
focus on one destination at a time, making the most of it. As an accomplished realtor, he has
made great use of the last decade by investing wisely. Tecchia later moved to the United States
and Monaco, whereby he practiced his skills. As an experienced realtor, he has invested in many
destinations worldwide, including Monaco, the UK, and France. Michele has been involved in
numerous commercial projects, including ground-up development to adding value to properties,
and currently, he has over $10 million in his investments.
Why did Michele Tecchia choose Monaco?
Location is a crucial element in real estate. Not only does it determine the sector’s success, but it
shapes how the industry will look. Like Tecchia, many agents have focused their time and
money on the principality. In the 19th century, the principality was a small town well known for
prohibiting Gambling. In the 1960s, things turned when businessman Francois Blanc, wealthy
from his Gambling, showed an interest in the principality and invested in a casino. Prince
Charles II and Francois Blanc had a good relationship, so he allowed him to set up shop. The
casino saw significant success by attracting many fortunes.

2. The casino’s success brought up land scarcity. Due to tax reasons, numerous hotels, luxury
facilities, villas, and businesses had already set up shop. This led to urban planning for the state
to be developed. When Prince Rainier became the state’s ruler, the land was already scarce, and
the principality had already attracted investors because of its tax laws. This necessitated urban
planning for the state.
Michele Tecchia : Currently, land in the state is not cheap and is considered among the
most expensive in the world.
A square meter in the principality goes for around 48,000 euros, making it the ideal place to
invest your money. The world’s most expensive flat was sold for 300 million euros in the
principality. Conversely, the state is the most populated place in the world, with a population of
37,000 people per square kilometer, and it has even surpassed Paris.
To satisfy its huge population, the city uses every inch of space it has in the sky, the sea, and
underground. Professionals urge due to the scarcity of land in the state; one must either create or
look for it. The city plans to seize basements for parking, water management, and waste
treatment.
The state is divided into four sections: Michele Tecchia Monaco-Ville, the historic city
overlooking the Mediterranean; The central residential and tourist district of Monte Carlo; La
Condamine, which contains the port area and northwest area and Fontvieille, an area reclaimed
from the sea.

3. The La Condamine is divided into four sections: the port area, Les Revoires, La Colle, the Jardin
Exotique and Moneghetti. Monte Carlo is split up into four sections: Saint Roman/Tenao, which
is on the northeast corner, Monte Carlo proper, the center; and Larvotto, which is a beach area
east that is on the east of the state.
The Great Tax System in the Principality
Another factor that led to Mr. Tecchia practicing in the state was its fantastic tax system. The
city excludes residents, companies, and Monegasques from paying taxes, and there is no tax on
wealth. The state gets a huge part of its revenue from real estate. According to Tecchia, the city
comprises billionaires who make their investments in real estate. The state earns revenue from
VAT sale of flats, new villas, and transfer of duties from selling new flats.
Conclusion
Michele Tecchia is an experienced Realtor in London, the United States, and now in Monaco
with a proven track record of working in the real estate industry. He is skilled in short sales,
sellers, foreclosures, and dealing with investors. Additionally, he works well with people buying
homes for the first time. Mr. Tecchia is reputable, well experienced, and successful in his craft.
Simply put, he is a reliable and enthusiastic individual with a keen eye for detail and drives to be
a leader in the right environment. He is an excellent communicator, demonstrated by his working
with people of different backgrounds and ages while he was studying. His current career has
allowed him to spend quality time with his family and get the most out of his life by participating
in his hobbies and passions.