January 4, 2025 | 08:34 pm
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TEMPO.CO, Jakarta - As the world’s second smallest continent, Europe is home to some of the wealthiest countries by GDP, demonstrating its dominance in the global economy. With numerous billionaires scattered throughout its territories, it’s no surprise that the richest small towns in Europe still exist today.
Often consisting of small populations, these small towns are all about luxurious standards of living, from prosperous demographics to staggering property values.
5 Richest Small Towns in Europe
According to GO Banking Rates, Switzerland’s St. Moritz, Monaco’s Monte Carlo, and France’s Megève are among the richest small towns in Europe. Other notable contenders include the following:
1. St. Moritz - Switzerland
Average home cost: $2.5 million
Topping the list of Europe's richest small towns is St. Moritz, an opulent, world-class ski destination that has hosted two Winter Olympics. With an array of five-star hotels and Michelin-starred restaurants, the Alpine resort is a favorite among billionaires, celebrities and royalty. Its exclusivity is perhaps best defined by the high-priced real estate available in the area, which is only available to those whose net worth is brimming with wealth.
2. Monte Carlo - Monaco
Average home cost: $3.1 million
A playground for billionaires, Monte Carlo has what it takes to be considered a small but wealthy European locale, despite its administrative status as a city-state. The tax haven is home to a lavish harbor dotted with yachts, offering one of the best waterfront vacation themes. Adding to the city's glamour are the lined-up luxury cars roaming around as if it's the most natural thing in the world.
3. Megève - France
Average home cost: $3.1 million
The French version of St. Moritz, Megève was founded by the Rothschild family in the early days of the 20th century. After decades, the crucible of Noémie de Rothschild has transformed into an affluent retreat for wealthy individuals, with luxurious accommodations and opulent dining adorning the haven. As a year-round vacation destination, millionaires are pampered with summer golf courses as well as winter sports amidst the stunning expanse of the French Alps.
4. Lugano - Switzerland
Average home cost: $2.1 million
Due to its promising location in the Italian-speaking part of Switzerland, Lugano offers an idyllic blend of two charming cultures. In addition to its stunning natural riches, this small European city also serves as a financial hub, home to numerous banking institutions and wealth management firms.
While offering a high quality of life and a favorable climate, Lugano continues to attract new residents with its favorable tax policies. As a result, many retirees from all over the world make their homes here.
5. Ascot, United Kingdom
Average home cost: $1.9 million
Located in the United Kingdom, Ascot regularly hosts Royal Ascot, the world's most famous horse racing meeting, which is attended by the British royal family. Beneath its sophisticated historic air, the town boasts an array of opulent amenities, from lavish homes and exclusive schools to top-notch facilities.
These richest small towns in Europe offer a fascinating blend of luxury, exclusivity, and cultural charm. As symbols of wealth and high standards of living, these cities highlight not only Europe's economic influence but also its timeless appeal as a haven for the wealthy. For more news about opulent abodes, check out the richest neighborhoods in London here.
GO Banking Rates | Business Insider
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