Monaco Real Estate Development
You are interested in Monaco’s new real estate developments, from Mareterra to Bay House. This guide finally gives you the key figures you have been looking for: recent developments averaged €65,602 per square metre in 2025 according to IMSEE, with prices reaching as high as €120,000 for Mareterra villas. You will find an overview of each major development, including Testimonio II, Bay House, and the One Monte Carlo Extension, as well as the challenges involved in developing real estate in a territory as geographically constrained as Monaco. You will also discover the true scarcity of new-build supply: 101 units were sold in 2024, compared with 28 in 2023, out of approximately 490 to 500 annual transactions across all property categories. For a complete overview of the market, our dedicated Monaco real estate guide explores each segment in detail.