In Monaco no name is more familiar than Pastor, and for very good reason.

Sophie Hourdequin-Debeaumont, Director of Pastor’s real estate division in the Principality, sets out the company’s strengths.

“We are very fortunate to have many sole agent properties. Clients can get confused when they see properties advertised in multiple agencies. Clients come to us because they know they can go directly through us.”

“We are also lucky enough to have our own properties, such as Simona and Palais de la Plage.” An additional advantage is that Pastor has its own teams of tradespeople and doesn’t need to farm out work on properties, be they rentals or sales.

Le Simona

This year is set to see important changes, following a significant fall in the volume of sales. The Mareterra development is at the forefront of this sea change, helping to make up for the shortage of high-end properties in the Principality. Pastor has just started to market the remaining units for rent on the zone reclaimed from the sea.

“The Princess Grace area (Larvotto district) is becoming the hot spot in Monaco. Not a day goes by without an enquiry for purchase or rental. It’s kind of crazy,” Sophie says. “It’s really impressive and I believe Mareterra will become a new centre.”

“More and more people are coming to Monaco to enjoy a family life. For many it’s a reset. We find that the overriding attraction is security,” Sophie adds.

In the rental field, Pastor prefers long-term rentals, at least three years.

Whether it’s in sales or lets, Pastor prefers to build long-term relationships, Sophie concludes.