Caroline Olds Real Estate
Caroline Olds Monaco Sales Guide

Monaco Property Sales Statistics

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 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 exceed 2 billion €. In 2017, the average resale price was 41,300€ per square metre. Back in 2006 (the first year of official IMSEE statistic publications) the average square metre rates were at 14,700€, which means that there has been a remarkable 180% increase over the last decade. Last year the average home resale price was 4,500,000€.

Average sale and resale prices increase steadily and, as a rule, the more bedrooms a property has, the higher the price per square metre. 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 metre.

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. 

Visit: www.monacostatistics.mc/Economy-and-Finance/Real-estate

 

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