Monaco is an independent principality of 2,02 square kilometer for approximatively 38’400 inhabitants located on Mediterranean cost between France and Italy. The country has a dynamic real estate market and over the last 10 year, about 400 properties for a volume of 1,1 billion euro have been on average traded per year. Volumes and transactions are currently at an historical high level as showed on the graphic below. The current bullish trend started in 2010 has been catalyzed by the progressive decrease of the interest rates on property loans which are currently historically low.
Historic of Volumes & Transactions in Monaco
Monaco is the city with the world highest price per m² thanks to its exceptional living quality and the dynamism of its economy. An interesting fact about the real estate market of Monaco is that the m² price of small apartments (one or two rooms) are on average cheaper than the m² price of larger apartment as showed on the graphic below. The reason is that many investors are looking for a large apartment to live with their family as the market of large apartments is limited in Monaco. Another interesting fact about the real estate market of Monaco is that investors are mainly foreigners coming from all over the world and the population of the principality is thus very international. About 28% of the population is French followed by the Monegasques and the Italians representing respectively 22% and 20% of the population. About 8% of the population is English native mainly coming from the United Kingdom and 5% of the population is German native coming from Germany and Switzerland.
Price per m² and per apartment size in Monaco
Monaco Properties an exclusive real estate agency based in Monaco with an in-depth experience of the luxury property market of Monte-Carlo and the French Riviera. We are family owned and our values are driven by the desire to offer the highest service quality to our exclusive clients coming from all around the world. We will strive to provide you with the maximum satisfaction in your sell, purchase or rental experience as well as exceptional personal services to facilitate your installation in Monaco and France.
Do not hesitate to contact us for more information on the real estate market of Monaco.