Welcome to the world's most glamorous coast, says Gary Buchanan. Land of tax exiles, goddesses and conspicuous consumption Y OU can't hear them from where you are, but today the clamouring church bells of Monte Carlo are ringing with more gusto than usual.

A fairy tale principality dominated by a vast rock, Monte Carlo is home to some of the world's most desirable real estate but, more importantly, it is a stunning showcase for the oldest reigning house in Europe, the Grimaldi family.