Monaco, the tax haven on the French Riviera, is experiencing a luxury-housing boom that includes the world’s most expensive penthouse as developers prepare for an influx of millionaires and billionaires escaping higher taxes or a loss of banking privacy.
A “flow” of new residents is emigrating from Switzerland, where financial-secrecy laws are crumbling, said Jean Claude Caputo, managing director of brokerSavills Plc’s French Riviera unit. They’re drawn by the principality’s “security, sophistication and climate,” he said — as well as for financial reasons. The Swiss government signed an accord in May to automatically share bank data across borders.
While the number of victims of avalanches in controlled areas has declined significantly over the past 80 years, that in open areas has stayed roughly the same even though more people are now venturing off-piste, says the Institute for Snow and Avalanche Research (SLF).
Nearly 2,000 people have lost their lives in almost 1,000 avalanches in the Swiss Alps and the Jura region since 1936, the Davos-based institute said on Tuesday.
To celebrate the launch of ArchDaily Materials, our new product catalog, we’ve rounded up 10 awesome projects from around the world that were inspired by one material: wood. Check out the projects after the break…
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