Price per Square Meter and Recent Trends
The Monaco real estate price remains at high and stable levels, with steady dynamics across the territory. The average price per sqm exceeds €50,000, with significant variations depending on location, floor, view, and building quality. International demand and scarce land availability maintain high values, even in a more mixed global economic context.
Average Price Trends (Official Statistics)
Monaco notarial data show a continuous rise over recent years, driven by quality properties and family-sized units.
- Average price per sqm (all property types): around €52,000 to €55,000
- New apartments: often above €65,000 / sqm
- Renovated older apartments: between €45,000 and €55,000 / sqm
- Transaction volumes focus on small and medium-sized units, highly sought after by investors
There is a resilience in prices despite a decrease in available properties, with higher valuation for apartments offering sea views, terraces, or high-end features.
Comparison by Neighborhood (Monte-Carlo, Larvotto, Fontvieille…)
Property prices by neighborhood in Monaco reflect different uses and buyer profiles.
- Monte-Carlo
- Central and prestigious district, prices often range from €55,000 to €70,000 / sqm, strong demand for bourgeois buildings and luxury residences.
- Larvotto
- Close proximity to the beaches, high values between €60,000 and €80,000 / sqm, highly attractive for sea-view residences.
- Fontvieille
- Residential and modern district, more homogeneous prices, around €45,000 to €55,000 / sqm, appreciated for its living environment and infrastructure.
- La Condamine
- Lively and commercial area, mid-range prices, often between €45,000 and €60,000 / sqm, with good market liquidity.
Transaction Dynamics in 2025-2026
The Monaco real estate market remains active, with consistent demand from wealthy European and international buyers. Properties in prime locations sell quickly, and there is strong interest in ready-to-move-in apartments.
- New real estate
- Very limited supply, high prices, strong demand for developments offering premium services, security, and energy efficiency.
- Resale market
- Larger in volume, opportunities for renovation, quick value increase after upgrades, attractiveness of modernized apartments reinforced.
There is an increasing selectivity among buyers, focusing on the overall quality of the property rather than just the location.
Key Factors Explaining Monaco’s Extraordinary Appeal
No Income Tax and Favorable Fiscal Environment
Monaco’s tax framework is a major lever for investors and residents.
- No income tax for Monaco residents
- Favorable wealth taxation
- Internationally recognized legal and financial stability
Residents benefit from a supportive environment for wealth preservation and structuring, which strengthens the attractiveness of local real estate.
Quality of Life, Safety, and High-End Infrastructure
Monaco stands out for its high quality of life, supported by continuous investments.
- Enhanced security and well-managed living environment
- Modern infrastructure: transport, healthcare, education
- International cultural, sports, and event offerings
- Immediate proximity to the sea and the Alps
Residents enjoy a compact, efficient, and highly desirable urban environment, which sustainably supports the value of Monaco real estate.
Segments of the Monaco Real Estate Market
Ultra-Prime Residential
Ultra-prime residential properties include the most luxurious apartments, often located in Monte-Carlo or Larvotto, offering sea views, large terraces, and high-end finishes. These properties target international buyers seeking discretion, prestige, and bespoke services. Transactions are completed quickly for exceptional units, with prices sometimes exceeding €100,000 / sqm, depending on features and location.
Prestigious Houses and Villas
Prestigious houses and villas are rare and scattered across Monaco, often in areas like Jardin Exotique or Monte-Carlo. They combine privacy, outdoor spaces, swimming pools, and contemporary or classical design. These properties offer a solid heritage value, with consistent demand from families and international residents seeking an exceptional living environment.
Off-Market Real Estate and Private Sales
Off-market properties are not publicly listed and are accessible only through specialized broker networks. These private sales allow acquisition of unique apartments or villas while maintaining owners’ discretion. Such properties often have high appreciation potential, with more flexible negotiations than on the standard market.
Renting in Monaco: Rental Market and Yields
The Monaco rental market remains active, with high and stable rents, especially for small and medium-sized apartments. Properties near beaches, business centers, and premium infrastructure offer attractive rental yields, although long-term gains mostly come from capital appreciation.
Rental Yield vs. Property Appreciation
- Gross rental yield: typically 2% to 4%, varying by location and property quality
- Long-term appreciation: continuous price growth, especially for rare, well-located properties
- Strategic choice: some investors prioritize immediate rental income, while others focus on long-term capital growth
How to Buy Property in Monaco
Purchasing a property in Monaco requires understanding the local specificities and the highly selective market. Buyers must anticipate administrative procedures, financial preparation, and careful property selection.
- Determine your budget and type of property (apartment, villa, new or old)
- Consult a specialized broker or real estate agent to access off-market properties
- Prepare the required financial documents and administrative paperwork requested by the Monegasque government
- Visit properties and evaluate location, view, and features
- Negotiate price and sale conditions with legal assistance
- Finalize the transaction with a Monegasque notary and register the property in accordance with local legislation
Comparison with Other Luxury Markets Worldwide
The Monaco real estate market stands out for its limited land availability, price stability, and attractive tax framework. Compared to other luxury destinations such as London, New York, or Paris, Monaco offers:
- Limited space and high density, keeping prices per sqm among the highest in the world
- Sustained international demand, particularly from wealthy Europeans, Middle Eastern, and Asian investors
- Favorable taxation for residents, with no income tax, unlike cities where taxes reduce profitability
- Superior quality of life and safety, with a compact, well-managed urban environment
Monaco uniquely combines capital appreciation potential with a privileged living environment, distinguishing it from other global luxury markets.
Monaco Real Estate Market Outlook and Forecasts
The Monaco market is expected to remain attractive in the coming years, supported by scarcity of supply, continued international demand, and economic and political stability. Key trends include:
- Moderate price increases for ultra-prime properties and sea-view apartments
- Focus on small and medium-sized units in new developments to meet rental demand
- Limited development of new projects, enhancing the value of existing properties
- Growing interest in off-market properties and private sales, where competition remains strong
A strategic investment should target well-located properties with high-end features to secure long-term value.
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