Not many people believed it then, and even fewer will now, and one of the indicators that some people are doing rather well in the recession seems to be the prices of prime property in tax havens like Monaco, and other areas - London for example.
But is this too simple an indication that life goes on for some, and not others?
It would appear so according to this blog that has Monaco news as it's not buyers from the same countries from a few years ago which is driving the Monaco real estate market .
To see their analysis read their report here
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