Which Neighborhoods In Monaco Are Most Popular Among Buyers?
2024-11-18
Top Monaco Neighborhoods for Luxury Real Estate: The Most Popular Districts – La Rousse and Monte-Carlo
Monaco’s dynamic real estate market continues to captivate high-net-worth buyers in 2024, with certain neighborhoods consistently drawing the most attention. Based on the latest available data from 2023, top districts like La Rousse and Monte-Carlo showcase their resilience and appeal, maintaining high transaction volumes and significant price growth. Here’s an analysis of the trends shaping these neighborhoods as we move through 2024.
Monaco’s allure as a haven for luxury living continues to draw discerning buyers and investors, with select neighborhoods standing out for their high demand. By looking at transaction volumes and price trends, we gain insight into which areas are most appealing to buyers in 2023. La Rousse and Monte-Carlo are leading the market, but neighborhoods like Fontvieille and La Condamine are also seeing notable activity. Here’s a look at the top districts capturing attention in Monaco’s real estate market.
1. Top Districts for Apartment Resales in 2023
In 2023, four neighborhoods emerged as the most popular for apartment resales in Monaco:
- La Rousse – Saint Roman: 123 transactions
- Monte-Carlo: 119 transactions
- Fontvieille: 42 transactions
- La Condamine: 36 transactions
With La Rousse and Monte-Carlo combined making up over 60% of Monaco’s total resale transactions, these districts dominate the market and represent the highest demand among buyers. La Rousse, in particular, attracts buyers due to its strategic location, luxury high-rise properties, and proximity to key areas. Monte-Carlo, synonymous with luxury, appeals to investors and residents seeking a prestigious address close to Monaco’s most iconic landmarks.
This concentration of sales in La Rousse and Monte-Carlo reflects both the districts' desirability and resilience, appealing to high-net-worth individuals interested in a luxury lifestyle or secure investment.
Explore luxury properties in La Rousse – Saint Roman
2. Price Comparisons and Highest Average Resale Price per Square Meter
Among Monaco’s upscale neighborhoods, Larvotto holds the title for the highest average resale price per square meterat €65,857. This figure underscores Larvotto's exclusive allure, particularly for beachfront properties, which remain a premium choice among buyers seeking direct access to Monaco’s stunning coastline.
Meanwhile, La Condamine saw the largest year-over-year increase in average price per square meter, with a nearly 20% increase compared to 2022. This notable rise demonstrates growing interest and potential for capital appreciation in the district, particularly for buyers interested in a vibrant, community-oriented area close to Port Hercules.
La Rousse, in contrast, experienced steady price growth, with an average resale price per square meter of €48,865. This consistency indicates a stable demand and provides investors with a sense of long-term reliability, making La Rousse a balanced choice between exclusivity and steady appreciation.
3. La Rousse's Appeal for Buyers
The La Rousse – Saint Roman district has emerged as one of the most sought-after areas in Monaco. Its popularity stems from several factors:
- Strategic Location: Situated near Monte-Carlo and Larvotto, La Rousse offers residents a central location close to Monaco’s entertainment, dining, and luxury shopping.
- Luxury Amenities: Properties in La Rousse boast modern amenities, high-end finishes, and panoramic views of the Mediterranean. The area includes renowned buildings like the Tour Odéon, which has become a symbol of Monaco’s luxury real estate market.
- Exclusivity and Privacy: The neighborhood caters to high-net-worth individuals looking for privacy and exclusivity while still being close to Monaco’s bustling districts.
La Rousse’s combination of convenience, luxury, and exclusivity makes it an ideal investment destination for buyers looking for both lifestyle and financial security.
4. Real Estate Observations for 2024:
The Real Estate Observatory of 2023 sheds light on price trends and transaction dynamics within Monaco. Despite minor fluctuations in the broader economy, demand in Monaco’s prime areas like La Rousse and Larvotto remains strong. Buyers are drawn to these established luxury neighborhoods as safe investments, particularly given their resilience in a declining market.
La Rousse’s stability and Larvotto’s luxury pricing emphasize Monaco’s overall strength as a secure and desirable market for high-net-worth individuals, even amid broader economic shifts.
Conclusion
Monaco’s real estate market offers diverse options, with neighborhoods like La Rousse, Monte-Carlo, and Fontvieille catering to various buyer interests. From the ultra-luxury appeal of Larvotto to the steadily growing value of La Condamine, each district has unique qualities suited to different types of investors and residents.
If you’re interested in exploring Monaco’s luxury real estate offerings, Monaco Properties is here to provide expert guidance and exclusive listings across these sought-after neighborhoods. Discover your ideal property in one of Monaco’s most popular districts today!
- Phone +377 97 97 33 97
- Whatsapp: +33 6 40 62 65 76
- Email: info@mpmonaco.com
Disclaimer: As a Monaco real estate agency, we partner with authorized local companies to assist with relocation, residency, and other services beyond real estate transactions. We do not provide legal advice, and our services should not be seen as legal counsel. For specific needs, we collaborate with local professionals. Information on our website and blog is for general purposes only and does not reflect individual legal procedures.
