Monaco real estate market figures for 2025

In-depth analysis of the Monegasque property market

In 2025, the average price per square metre in Monaco stands at around €52,000, once again confirming the Principality's unique position on the international property scene. This impressive figure places Monaco among the most expensive residential markets in the world and, above all, among the most stable.

However, behind this average price, the reality of the market is more subtle. Not all neighbourhoods are evolving at the same pace, not all residences are appreciating in value in the same way, and the gap between standard properties and ultra-premium properties continues to widen.

At Monte-Carlo Sotheby's International Realty, we observe these dynamics on a daily basis through our interactions with clients looking to invest in the Principality. This analysis is based on data published by the IMSEE and our experience in the Monegasque property market.

A trend that has been continuing for nearly 20 years

Taking a step back, the evolution of the average price per square metre since 2006 highlights an extremely solid underlying trend. Despite the 2008 financial crisis, the global pandemic and recent geopolitical uncertainties, Monaco has never experienced a real structural correction.

Over ten years, prices have risen by around 44%. This increase cannot be explained by simple temporary speculation, but by a very concrete reality: in Monaco, there are very few properties available, while international demand remains strong and continues to grow.

Monaco covers only 2 sq. km. Every new square metre built is rare by definition. This structural scarcity acts as a buffer against global economic cycles.

Change in average price per square metre (2006–2025)
^{Source: IMSEE}

2025: a market stabilised at a record high

The year 2025 is expected to be characterised by a high degree of stability. After several years of strong growth, the market seems to have found a new plateau at an average of around €52,000 / sqm.

This does not mean a slowdown, but rather maturity. Buyers remain active but are selective and strategic in their search. Demand remains strong, particularly from ultra-high net worth individuals seeking:

    • Legal and political certainty

    • An attractive tax environment

    • Exceptional quality of life

    • A long-term investment

The symbolic threshold of €50,000 per sqm, crossed in 2021, marked an important psychological milestone. Since then, values have consolidated in this new high range.

The new-build market: driving record sales

The new-build segment continues to generate the most spectacular statistics. The gradual delivery of the new Mareterra eco-neighbourhood had a profound impact on 2023 and 2024.

In 2024, 27.7% of new sales were recorded, bringing the total value of transactions to historic levels. The average price of a new flat reached approximately €36.4 million, with a median exceeding €22 million.

Over half of the new transactions exceeded €20 million, clearly illustrating the ultra-luxury positioning of the new developments.

These exceptional sales have a significant impact on statistical averages. However, they reflect a reality: Monaco remains a prime location for international investors seeking rare and iconic properties.

Average price of new flats (2021–2025)
^{Source: IMSEE}

The existing housing market: stability and upward trend

Unlike the new-build market, the resale market evolves more gradually and steadily. It is a deeper market, more representative of residential life in Monaco.

The median transaction value has been between €3.3 million and €3.6 million in recent years. This means that one in two transactions already exceeds this level, reflecting the premium positioning of the property market in Monaco.

The average price exceeded €6 million in 2024, confirming a gradual shift towards higher-end properties in the secondary market.

Another interesting phenomenon is emerging: demand for larger properties is increasing. While studios and one-bedroom flats remain the most popular, four-bedroom flats and larger properties are growing significantly, reflecting the more permanent settlement of families in the Principality.

Prices by neighbourhood: a micro-market

In such a small area, the differences may seem limited at first glance. However, they are significant.

Ultra luxury:

    • Larvotto: transactions exceeding €120,000 per square metre

    • Monte Carlo (Carré d'Or): approximately €54,000/m² on average, with much higher prices depending on the residence

These areas are home to iconic buildings and the most sought-after sea views.

Central and family neighbourhoods:

    • Fontvieille: a highly sought-after, solid and stable residential neighbourhood

    • La Condamine: highly attractive thanks to its central location and dynamism

Neighbourhoods with potential:

    • La Rousse - Saint-Roman

    • Jardin Exotique

    • Moneghetti

These sectors still offer relative opportunities, while remaining at high levels by international standards.

Average price per square metre by neighbourhood (2025)

Sales volumes: an active market despite cycles

Between 2021 and 2024, the number of transactions varied, but the overall market value increased.

In 2024, sales reached a record high of nearly €5.9 billion. Even when the number of transactions declines slightly, average prices remain high, demonstrating that there is strong demand from solvent buyers.

Number of transactions (2021–2024)

^{Source: IMSEE}

Outlook for 2026: a sustainable trajectory

The foundations remain solid:

    • Extremely limited land supply

    • New projects absorbed quickly

    • Stable tax attractiveness

    • Unblemished international image

In this context, barring any major macroeconomic shock, valuations should remain at their current high levels.

Monaco is not a conventional property market. It is a market structured by scarcity and a clientele with very high investment capacity.

The price per sqm in Monaco is not just a spectacular indicator: it reflects an ecosystem that is unique in the world, where prestige, stability and scarcity structure long-term value.

At Monte-Carlo Sotheby's International Realty, we support our clients with detailed analysis of price per sqm trends, neighbourhoods and the dynamics specific to each residence, in order to secure every property project.

^{Published the 05/03/2026}