Blog on real estate in Monaco
Mareterra Monaco: Inauguration of the Iconic Eco-District in 2024
Initiated in 2017, Mareterra reflects Monaco's vision of balancing urban growth with ecological responsibility. Its 6 hectares feature cutting-edge design by architects Renzo Piano and Valode & Pistre. With 110 apartments, 10 villas, and four townhouses, Mareterra offers unparalleled real estate opportunities.
NEW FONTVIEILLE SHOPPING CENTER IN MONACO
Major works are planned for the Fontvieille district in Monaco. The complete reconstruction of the Fontvieille shopping center is expected in 2027. This large-scale real estate project was entrusted to the Socri Reim group by the Principality of Monaco.
NOTARIES IN MONACO
The notaries of Monaco are an institution that have the exclusive right to draw up the deed of sale of real estate between two natural and/or legal persons. They also guarantee that the real estate sold is free of any pledge.
THE MOST EXPENSIVE SQUARE METERS IN THE PRINCIPALITY
Looking back on the last 10 years, the real estate sector in Monaco has made a huge success. The average price per meter square has risen by 75%, giving an average price of 52,000€ per square meter. Meanwhile, certain properties can easily surpass the price of 100 000 € per square meter, and this is certainly not likely to decrease.
HOW TO BECOME A PROPERTY OWNER AND RESIDENT IN MONACO
The Principality of Monaco attracts many investors from all over the world. Whether you are already in Monaco, in a country of the European Union, or in any other country, you can become the owner of a property, and reside in Monaco. If you are interested in buying a property in Monaco, you will find here all the information you need to carry out your project.
SELLING A LIFE ANNUITY FLAT IN MONACO
A life annuity is the sale of one or more properties to a buyer who pays the seller a life annuity in exchange until his or her unforeseen death. Selling a property as a life annuity allows the buyer to quickly dispose of a certain amount of money and to ensure a regular income while continuing to benefit from the use or usufruct of the property.
2021 - NEW RECORD FOR PROPERTY PRICES IN MONACO
Average property prices in Monaco reach a new all-time high. The year 2021 was marked by the recovery of the real estate market. In Monaco, as in the rest of the world, real estate price growth was supported by historically low interest rates and the exceptional performance of the financial markets. After the shock of the Covid-19 pandemic on all global economies, central banks injected phenomenal amounts of liquidity to finance the recovery and support financial and real estate asset prices.
Real estate markets in Monaco, as in the rest of the world, have largely benefited from these ultra-accommodative monetary policies. It is in this context that the average price per square meter reached a new record in Monaco, rising from €47,619 in 2020 to €51,912 in 2021. That's an increase of 9%.
RENTAL YIELD IN MONACO
Most Monegasque investors seek to make their investments profitable by buying and reselling real estate at a higher price within 1 to 4 years. But what about long-term investors who want to build up real estate assets that will provide them with regular income over a long period of time? Where should they invest and in what type of buildings? The following table, based on the current sale and rental prices of about 200 properties in Monaco, shows that investments in Studios offer for most areas of Monaco, the highest returns. Similarly, less popular neighborhoods like La Condamine and Monaco Ville offer higher yields on average than more popular ones like the Carré d'Or and Monte Carlo.
