Monaco Price per sqm : Luxury Real Estate Market Overview

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Brief article summary:

Looking for the price per square meter in Monaco? Figures vary significantly depending on the source. Here is the official benchmark: €57,569 per square meter in 2025, according to IMSEE, Monaco’s official statistics institute, representing a slight 1.4% decrease year-on-year.

This guide breaks down prices by neighborhood, from Larvotto at the top end, at more than €71,000/m², to Jardin Exotique and Moneghetti, which are more affordable by Monaco standards. The calculation methodology changed in 2026: IMSEE now uses a statistical model that factors in the year, neighborhood, and age of the building.

For prices by apartment type, our dedicated guide provides a more detailed complement to this overview.

The official 2025 figure, and what it actually measures

According to the IMSEE Observatoire de l'Immobilier, published in February 2026, Monaco's average transaction price reached €57,569 per square metre in 2025, down 1.4% from €58,402/sqm in 2024. This average blends 493 transactions worth close to €5.9 billion across every district and construction period; individual prices still range from roughly €40,000/sqm to above €71,000/sqm depending on location.

The figure is worth reading carefully rather than applied directly to any single property. Since early 2026, the IMSEE has calculated this average using a linear regression model that isolates the effect of transaction year, district, and building construction period on price, rather than a simple arithmetic mean of all sales. This revised methodology, applied for the first time in the February 2026 report, produces more representative estimates even in districts with a limited number of transactions, such as Monaco-Ville, where sales volume alone would not support a reliable average under the previous approach. In practical terms, this means the €57,569 figure already accounts for the mix of property ages and locations sold in a given year, rather than being skewed by, say, an unusually high number of new-build sales in one district during one year.

District prices, official 2025 data

DistrictPrice per sqm (2025)Change vs 2024
Larvotto€71,167+2.2%
Monte-Carlo (new builds)Above €60,000[à sourcer]
Jardin Exotique€45,168Up from €32,835 in 2016
Moneghetti€43,797[à sourcer]

Source : IMSEE, Observatoire de l'Immobilier, février 2026.

Two district-level details stand out beyond the raw figures. Larvotto crossed the €70,000/sqm threshold for the first time in 2025, driven partly by its beachfront position and partly by a limited supply of resale units coming to market. Jardin Exotique, while still well below Larvotto in absolute terms, has seen the steepest proportional growth of any tracked district: its price per square metre has risen by roughly 37% since 2016, faster than Monaco's overall average appreciation over the same period, reflecting growing demand for a district that offers relatively larger plots and more greenery than the denser central areas.

The average price per sqm in Monaco

Monaco ranks among the most expensive real estate markets worldwide. The average price per square meter for residential property generally ranges between €50,000 and €70,000. This high level reflects Monaco’s scarcity of land, prime location, and strong demand from international buyers.

Prices fluctuate depending on property type, condition, and exact location, with luxury apartments and penthouses reaching well beyond these averages. The limited supply and stable market keep prices resilient, even during global economic fluctuations.

Price per sqm by neighborhood in Monaco

Carré d’Or

This prestigious district is known for luxury boutiques and prime residences. Prices here often range from €70,000 to €90,000 per sqm, reflecting its central location and exclusivity.

Monte-Carlo

Monte-Carlo combines glamour and convenience, with prices typically between €65,000 and €85,000 per sqm. It is popular among those seeking a blend of lifestyle and investment.

La Condamine

Close to the port and markets, La Condamine offers slightly more accessible prices, usually from €50,000 to €65,000 per sqm, making it attractive for investors seeking good value.

Fontvieille

A newer district built on reclaimed land, Fontvieille features modern apartments with prices ranging between €40,000 and €60,000 per sqm. It appeals to families and professionals.

Jardin Exotique

Known for panoramic views and quiet surroundings, this area commands prices from €55,000 to €75,000 per sqm, favored by buyers seeking tranquility.

Larvotto

Famous for its beach and luxury residences, Larvotto prices generally lie between €60,000 and €80,000 per sqm. It remains a top choice for those valuing seaside living.

Moneghetti

A residential area with ongoing development projects, Moneghetti sees prices around €50,000 to €65,000 per sqm, offering future growth potential.

Saint-Roman

Saint-Roman is a small, exclusive neighborhood with limited availability; prices here can reach €80,000 per sqm, reflecting its privacy and prestige.

Mareterra (Portier Cove)

The newest and most exclusive district of Monaco, Mareterra is a luxury eco-district built on reclaimed land between Larvotto and the Grimaldi Forum. Featuring state-of-the-art apartments, villas, and marinas, prices here start around €80,000 per sqm and can exceed €100,000 per sqm for prime properties. Designed with sustainability and elegance in mind, Mareterra appeals to ultra-high-net-worth individuals seeking prestige, privacy, and cutting-edge architecture.

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Price evolution per sqm in Monaco

Over the past decade, Monaco’s property prices have shown steady growth, with an average annual increase of around 3% to 5%. Despite occasional market slowdowns, demand from international buyers and limited land availability maintain upward pressure on prices.

For example, between 2015 and 2023, the average price per square meter rose from approximately €45,000 to over €60,000. New developments and renovations of older properties also contribute to price increases, especially in prime districts like Carré d’Or and Monte-Carlo.

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The team assists in identifying neighborhoods that match your budget and preferences, explains price trends clearly, and helps evaluate potential returns. Balkin also supports you with understanding taxes, fees, and legal aspects, ensuring a smooth transaction.

Whether you seek a short-term investment or a long-term residence, Balkin’s proven track record and in-depth knowledge make the process more transparent and efficient, maximizing your confidence in Monaco’s dynamic real estate market.

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Price outlook per sqm in Monaco for the coming years

Looking ahead, prices are expected to continue rising moderately, with forecasts indicating annual growth around 2% to 4%. Several factors support this outlook:

  • Persistent demand from wealthy international clients
  • Limited new construction due to land scarcity
  • Monaco’s political stability and attractive tax framework
  • Increasing interest in luxury and sustainable properties

However, global economic uncertainties and geopolitical events could influence short-term fluctuations.

Price per sqm Monaco compared to other most expensive places in the world

Monaco consistently ranks among the top cities globally for property prices. Compared to other luxury markets:

  • Monaco: €40,000 to €1000,000 per sqm
  • Hong Kong: Around €40,000 to €60,000 per sqm
  • London (prime areas): Approximately €30,000 to €50,000 per sqm
  • New York City (Manhattan): Roughly €25,000 to €45,000 per sqm
  • Paris (central arrondissements): Between €15,000 and €25,000 per sqm

Monaco’s combination of limited space, prestige, and tax benefits keeps it at the very top of this ranking, making it a unique destination for luxury property investment.

The official 2025 figure, published by the IMSEE, is €57,569 per square metre, based on 493 transactions across the Principality worth a combined €5.9 billion. This average covers all districts and construction periods combined, calculated through a regression model that adjusts for the mix of property types sold in a given year. It represents a 1.4% decrease from the 2024 figure of €58,402/sqm, though it remains the second-highest level recorded historically for the Monaco market.

Larvotto holds the highest official price, at €71,167 per square metre in 2025, up 2.2% from the previous year, crossing €70,000/sqm for the first time. The district's beachfront position, modern residential towers, and comparatively limited resale volume explain its premium over even other prestigious districts such as Monte-Carlo or the Carré d'Or, where new-build prices exceed €60,000/sqm but the overall district average sits somewhat lower.

It eased slightly, down 1.4% in 2025 compared to 2024, according to the IMSEE, after several years of steady increase. Some districts, including Larvotto, still posted gains over the same period, showing that the market moves differently by location even when the citywide average declines. This pattern, a modest overall pullback alongside continued strength in the most established districts, is consistent with a market absorbing recently delivered supply, notably from Mareterra, rather than one experiencing a broad-based slowdown in demand.

Since a 2026 methodology update, the IMSEE uses a linear regression model incorporating the year of transaction, the district, and the building's construction period, which produces more representative estimates than a simple average, even in districts with few transactions. Before this update, districts with very low transaction volumes in a given year risked producing an unreliable average, since a single unusual sale could distort the figure. The regression approach smooths this effect by modelling how each factor, year, location, and building age, independently influences price, then combining these effects into a district-level estimate weighted by the actual volume of square metres sold.

Estimates vary depending on the data source, the time period covered, and whether new-build premiums are included. The IMSEE figure of €57,569/sqm for 2025 is the official reference, based on notarised transactions rather than asking prices. Real estate agency websites, including several Monaco-based ones, sometimes cite ranges anywhere from €45,000 to over €100,000/sqm without specifying whether the figure reflects an average, a prime-location maximum, or an unsourced estimate, which explains much of the apparent inconsistency a reader encounters when comparing sources on this topic.

Mareterra transactions are included in Monaco's overall figures once officially registered, but the district's prices, often above €100,000/sqm, sit well above the citywide average and are usually analysed separately given their limited volume. Because Mareterra represents a small fraction of Monaco's roughly 500 annual transactions, its inclusion has a real but modest effect on the citywide average; excluding it would likely lower the overall figure only slightly, while its own district-level average remains dramatically higher than any established Monaco neighbourhood.

Among districts with published figures, Moneghetti and the Jardin Exotique recorded the more accessible prices, at €43,797 and €45,168 per square metre respectively, still far above most global prime markets. Both districts sit on higher ground away from the immediate waterfront, offering more greenery and, in several cases, larger plot sizes than central districts, a trade-off that continues to appeal to buyers prioritising space over proximity to the Casino district or the port.

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