In recent years, the European real estate market has blossomed, attracting investors from all around the world. Real estate investment represents over 60% of the world's mainstream assets and is considered to be one of the most secure placements. Monaco boasts the highest concentration of millionaires and the highest wealth density in the world, which makes it one of the most sought-after real estate investment locations worldwide. Many of the world’s oldest family fortunes can be found in Monaco. However, more recently, we have seen an increasing number of young entrepreneurs and investors attracted to the Principality.
Today Monaco remains the most expensive property market in the world, and the annual sale and resale transactions rose by 4.4% to almost 3 billion € (2.8 billion €). In 2019, the average resale price was 48,150€ per square meter. Back in 2010, the average square meter rates were at 28,173€, which means that there has been a remarkable 71% increase over the last decade. Last year the average home resale price was 5,800,000€ (5,200,000€ the year before, in 2018).
Average sale and resale prices increase steadily. Monte-Carlo (the central part of the Principality of Monaco) remains the strongest real estate area with the largest number of transactions and the highest values per square meter.
The IMSEE Monaco Statistics compiles the annual statistics of residential property resales and sales of new developments in Monaco, within the private sector. We invite you to consult the real estate statistics and observations collected over the last decade.