Monaco Apartment Appraisal 2024: Comprehensive Guide to Property Valuation, Market Trends, and Expert Advice
2024-12-12

Your Complete Guide to Monaco Property Valuation, Appraisals and Trends in 2024

Request your personalized property estimation here: Monaco Properties Property Valuation.

The Monaco real estate market remains one of the most sought-after globally, renowned for its exclusivity and unparalleled luxury. Despite fluctuations in transaction numbers and legislative changes, property prices in the Principality continue to command some of the highest values per square meter in the world. If you're considering selling or investing in Monaco's real estate, understanding property valuation and appraisal methods is key.

Historical Price Trends in Monaco: Your Property Estimation

While 2023 saw an increase in average real estate prices, climbing from €50,982 per square meter in 2022 to €51,418 per square meter, the number of transactions in the secondary market slightly declined. In 2024, experts anticipate a stabilization in prices as new legislative measures reshape the market.

Price Trends by Neighborhood

Monaco’s property values vary significantly by district:

• Larvotto remains the most expensive neighborhood, averaging €65,857 per square meter in 2023, thanks to its proximity to beaches and luxury developments like Mareterra.
• Fontvieille and La Condamine have seen notable price increases, averaging €59,175 and €54,099 per square meter, respectively.
• Affordable areas, such as Jardin Exotique and Moneghetti, offer average prices of €41,614 and €46,511 per square meter, making them attractive for those seeking value within Monaco.

The Impact of Apartment Size on Prices

In Monaco, property prices are also influenced by the size and type of apartments:

• Studios: Average around €39,621 per square meter in 2024.
• 2-room apartments: Hover at €45,153 per square meter, reflecting their demand among single professionals and small families.
• Larger units: Such as 4+ bedroom apartments, exceed €60,000 per square meter, with unique penthouses and villas surpassing €100,000 per square meter due to their exclusivity.

New Legislation’s Role in Shaping the Market

In 2024, Monaco introduced a new law targeting real estate traders, increasing transcription fees and requiring stricter financial guarantees. While this reform aims to curb speculation and attract long-term investors, it has led to a short-term reduction in transaction volumes. Over time, this is expected to stabilize the market and support sustainable growth.

How Monaco Properties Assists with Accurate Valuations

Accurately valuing a property in Monaco requires a detailed understanding of market trends, neighborhood dynamics, and property-specific features. At Monaco Properties, we employ innovative valuation methods in collaboration with the University of Zurich to provide precise and transparent property appraisals:

1. The Hedonic Valuation Method

This approach evaluates a property's specific features—such as location, size, view, and amenities—to provide highly reliable price forecasts. It’s ideal for buyers and sellers seeking transparency and accuracy.

2. Discounted Cash Flow (DCF) Method

Used primarily for investment analysis, this method determines a property’s potential risk and return profile, enabling comparisons with other financial assets.

3. Artificial Neural Networks (ANN) Method

Although still in development, this cutting-edge approach uses AI to intuitively assess properties based on a wide array of features, offering unmatched precision in valuation.

Why Choose Monaco Properties for Property Appraisals?

Whether you're looking to sell your luxury apartment, purchase an investment property, or simply understand your property’s current market value, our team provides tailored appraisals that prioritize your needs.

Key Benefits of Our Service:

• Free property valuations based on advanced methods.
• Expertise in Monaco’s luxury real estate market.
• A commitment to transparency and accuracy in all transactions.

Get Your Free Property Valuation in Monaco Today - with Monaco Properties

Are you curious about your property’s value in Monaco? 

If you would like to receive a free valuation of your property based on one of the methods above, simply fill out this form. We will respond promptly with a detailed estimate. 

You can also contact Monaco Properties today for a free appraisal and expert advice:

Our contacts are:

• Phone +377 97 97 33 97 
• Whatsapp: +33 6 40 62 65 76
• Email: info@mpmonaco.com

Discover how we can help you make informed decisions in Monaco’s thriving luxury real estate market.