La Condamine: Location and Neighborhood Overview
La Condamine is located between the Rock and Monte-Carlo, along Port Hercule, and borders the districts of Fontvieille and Monaco-Ville. The neighborhood stands out for its urban mix, combining residential areas, shops, offices, and port facilities. Pedestrian streets and arcades create a lively commercial atmosphere, while density remains moderate compared to Monte-Carlo or Larvotto.
La Condamine benefits from immediate proximity to public transport, the port, and major events, offering easy access to cultural attractions and Monaco’s infrastructure. Although compact in size, the district remains a central hub of Monaco thanks to its strategic location and diverse services.
Why La Condamine Real Estate Attracts Buyers and Investors
Price per sqm and Recent Market Trends in La Condamine
La Condamine has exceeded €50,000/sqm for several years and remains attractive due to its proximity to the port, shops, and central infrastructure. Prices saw a slight increase in 2025, and the market shows stability with ongoing potential for value appreciation, particularly for 2–3 bedroom apartments near shopping streets and the quays.
Investing in La Condamine: Quality of Life and Rental Potential
La Condamine offers a high quality of life appreciated by residents and investors, with factors enhancing rental demand and long-term value:
- Shops and markets: Condamine Market, shopping streets like Rue de Millo, and lively arcades
- Proximity to services: banks, restaurants, cafés, schools, and cultural facilities
- Accessibility: public transport, port access, close to business centers
- Rental demand: strong, from permanent residents, expatriates, and tourists, seeking furnished or short-term rentals
- Rental examples: 2-bedroom apartment, 70 sqm, estimated rent €5,500/month
- Advantages: vibrant, central location, close to all services and leisure
- Constraints: strict regulations on rentals, limited vacation rental options subject to authorization
Tax Benefits and Legal Framework for Real Estate in Monaco
Real estate in Monaco enjoys a stable legal framework and attractive taxation. Resident individuals benefit from no income, wealth, or capital gains tax. Transfer duties exist but are clearly regulated, and local law strictly governs transactions and rentals. Non-residents can purchase property with few major restrictions, though some tax benefits are reserved for residents. Rentals are allowed under conditions, with prior authorization required for furnished or seasonal properties, ensuring legal security for transactions and protection for owners.
Realize Your Real Estate Project in La Condamine with Balkin’s Expertise
At Balkin, we specialize in luxury real estate in Monaco, with strong local expertise and an international network. We assist clients with all types of projects, whether buying, selling, or renting high-end properties. Our services include: personalized property search, accurate valuation, legal advice, and full support through to signing.
Daily Life in La Condamine: What You Need to Know
La Condamine combines a lively neighborhood atmosphere with urban comfort, ideal for residents seeking proximity and vibrancy.
- Shops and markets: Condamine Market, supermarkets, bakeries, and local shops
- Services: schools, clinics, pharmacies, administrative offices, and banks nearby
- Transport and mobility: bus lines serving all of Monaco, easy car access, port proximity for boating
- Green spaces and sports facilities: walks along the port, squares and public spaces, sports facilities and municipal swimming pools
- Lifestyle: lively yet balanced neighborhood, moderate density, residential and commercial mix
Must-Visit Places in La Condamine
La Condamine offers a rich urban and maritime heritage, combined with living and cultural spaces.
- Condamine Market / Place d’Armes: heart of the neighborhood, fresh produce, lively atmosphere
- Port Hercule: port promenade, yachts, water activities, and quay-side restaurants
- Remarkable buildings: typical façades, 1950s apartments along Boulevard Albert Ier
- Nearby monuments and museums: Oceanographic Museum, Prince’s Palace, Rock Fortress, offering culture and history
Walking Tour of La Condamine
To explore the district on foot, follow a pleasant and accessible route:
- Start point: Place d’Armes / Condamine Market
- Stroll along Rue de Millo: arcades, shops, and cafés
- Port Hercule: observe yachts, enjoy quay-side cafés, and photo spots
- Boulevard Albert Ier and historic buildings: typical façades, 1950s architecture
- Nearby monuments and museums: Oceanographic Museum and Prince’s Palace
- Variations: short route (1 h) around the port and market, longer route (2 h) including the Rock and nearby green spaces
Where to Eat in La Condamine and Local Specialties
- Le Bouchon: Mediterranean and traditional Monégasque cuisine, lively terrace
- Café de Paris Condamine: local and international dishes, port view, convivial atmosphere
- La Trattoria: Italian specialties, warm and family-friendly ambiance
- Le Pinocchio: modern French cuisine, outdoor terrace, near the market
- Local specialties to try: barbajuans (vegetable or ricotta-filled ravioli), pissaladière (onion and anchovy tart), socca (chickpea pancake)
Shopping in La Condamine: Streets and Stores
The district is ideal for local shopping, with lively streets and a variety of shops:
- Rue de Millo: local boutiques, fashion, cafés, and traditional shops
- Condamine Arcades: galleries and small independent stores
- Rue des Moulins: gourmet shops and souvenirs
- Types of stores: clothing, accessories, gourmet products, local crafts
- Hours: generally 9:30 a.m. – 7:30 p.m., some shops close on Sundays or open in the afternoon
The area combines major brands and independent shops, making shopping a pleasant stroll while discovering local gastronomy and crafts.
History and Heritage of La Condamine
La Condamine is one of Monaco’s historic districts, developed around Port Hercule and local commerce. Architecture blends renovated historic buildings with modern constructions, featuring typical façades, wrought-iron balconies, and decorative motifs. Over time, the neighborhood has maintained its historic charm while integrating modern infrastructure for residents and visitors, balancing heritage and urban functionality.
Events in La Condamine Throughout the Year
La Condamine regularly hosts events that animate the neighborhood:
- Condamine Market: daily, fresh produce and crafts
- Local fairs and festivals: spring and summer, cultural and gastronomic activities
- Monaco Grand Prix: partially closed streets, large crowds
- Exhibitions and cultural events: art installations, concerts, performances
These events bring vibrancy, but can cause temporary closures and heavy foot traffic in certain areas.
Other Neighborhoods of Monaco
Monaco is divided into several distinct neighborhoods, each offering its own lifestyle, attractions, and real estate opportunities. Here’s an overview of the main districts:
- Monaco-Ville – Also called "Le Rocher," the historic old town featuring narrow streets, cultural sites, and panoramic views.
- Fontvieille – A modern district on reclaimed land, with residential buildings, offices, shopping, and the port.
- Moneghetti – A residential area with hillside apartments, offering quiet living and scenic views.
- Jardin Exotique – Known for its botanical gardens, stunning cliffside views, and residential villas.
- Larvotto – Monaco’s beach district, featuring luxury apartments, sandy beaches, and seaside restaurants.
- La Rousse/Saint-Roman – A residential and commercial district with modern apartments and convenient amenities.
- Mareterra – A recently developed waterfront area, combining luxury residences, offices, and green spaces with stunning sea views.
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