Monaco Real Estate at the Turn of 2026: Record Transactions, Ultra-Prime Demand and Market Outlook
2026-02-05

Monaco Real Estate at the Turn of 2026: Record Transactions, Ultra-Prime Demand and Market Outlook

The Monaco real estate market closed 2025 on an exceptional note, confirming its position as one of the most resilient and dynamic ultra-prime property markets globally. Far from a short-term rebound, the figures recorded over the past year reflect deep structural forces at play — scarcity, sustained international demand and a growing concentration of ultra-high-value transactions.

As we enter 2026, these indicators provide a clear framework for understanding the direction of the market.

A Historic Acceleration in Transaction Volumes

End-2025 data confirms a sharp acceleration in residential real estate activity. During the second half of the year, transaction volumes reached levels unseen over the past decade, with a marked increase across both new developments and resales.

The most striking dynamic was the surge in new-build sales, driven by the delivery of landmark projects. At the same time, the resale market rebounded strongly, reversing the softer volumes observed in the preceding years. Together, these segments pushed total transaction numbers to a historic high, signalling renewed buyer confidence and depth of demand.

This momentum was not limited to volume alone — it was accompanied by a sharp rise in total transaction value.

• +51.7% residential transactions (Q2 2025 vs Q2 2024)

• 295 total sales in Q2 2025 (new + resale)

• €2.5+ bn new-build transaction value (H1 2025)

• €1.5+ bn resale transaction value (H1 2025)

New Developments: Ultra-Prime at Scale

The new-build segment was the principal driver of market value in 2025. A limited number of transactions accounted for several billions of euros, reflecting the exceptional size and positioning of the properties delivered.

New residential projects introduced large-surface apartments, penthouses and waterfront residences aimed squarely at the ultra-prime segment. Individual transactions frequently reached multi-tens-of-millions-of-euros levels, reinforcing Monaco’s status as a market where scarcity and scale converge.

As we move into 2026, new supply is expected to moderate. This reduction in delivery volume is likely to reinforce the strategic value of recently completed developments and support pricing firmness on the remaining available units.

Resale Market: A Return to Growth and Quality

Alongside the new-build surge, the resale market recorded a clear return to growth. Transaction numbers increased significantly, but more importantly, the composition of sales shifted upward.

Large apartments, prime addresses and high-quality buildings dominated activity, with a growing share of resale transactions exceeding the highest historical price brackets. This confirms that demand is not limited to new developments alone — existing assets with strong fundamentals remain highly sought after.

For buyers, this reinforces the importance of asset selection, location and potential for repositioning in a market where quality increasingly drives value.

Pricing Levels: Firm and Highly Selective

While precise average price movements vary by district and asset type, overall pricing levels remained firm at the end of 2025. Prime and ultra-prime properties continued to transact at very high values, with no evidence of broad-based price correction.

Entering 2026, pricing dynamics are expected to remain selective:

• top-tier assets are likely to retain strong pricing power

• secondary properties without defining attributes may face greater negotiation

• scarcity continues to underpin the market at the upper end

In Monaco, price performance remains closely linked to intrinsic quality rather than general market conditions.

Demand Drivers Going into 2026

Buyer profiles observed in late 2025 are expected to remain consistent in 2026. Demand is driven primarily by:

• ultra-high-net-worth individuals

• international families relocating or consolidating residence in Monaco

• long-term investors seeking capital preservation

Notably, the tightening of the rental market over recent years has contributed to a structural shift toward ownership, reinforcing purchase demand beyond purely investment motivations.

2026 Outlook: High Activity, Controlled Supply

While the exceptional peak of 2025 may not be replicated in raw volume terms, all indicators suggest that activity levels in 2026 will remain elevated relative to historical norms.

With fewer major new deliveries scheduled, supply is expected to tighten, particularly in the ultra-prime segment. This dynamic should continue to support value stability and reinforce competition for high-quality assets.

For buyers and investors, 2026 is shaping up as a year where access, timing and advisory expertise will be decisive.

Monaco Real Estate: Q1 2026 Snapshot

As 2026 begins, Monaco’s real estate market builds on an exceptional 2025 marked by record transaction volumes and unprecedented values.

The surge in new-build sales, combined with a strong rebound in resales, confirmed the depth of demand for high-quality and ultra-prime assets. Entering Q1 2026, supply is tightening following major deliveries, reinforcing competition for premium properties.

Pricing remains firm, supported by structural scarcity and a buyer base focused on long-term capital preservation rather than short-term market timing.

For investors and end-users alike, early 2026 is defined by selectivity, access and strategic asset choice.

  Monaco Properties Perspective

The transition from 2025 into 2026 confirms a central reality of the Monaco real estate market: performance is driven by structure, not speculation.

At Monaco Properties, we accompany our clients with a long-term view, focusing on asset quality, strategic positioning and discreet access to opportunities in a highly selective market. Understanding the lessons of 2025 is essential to navigating 2026 effectively.

Considering a real estate acquisition or investment in Monaco in 2026?
Contact Monaco Properties for market insight, strategic guidance and access to carefully selected opportunities.

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

LEGAL DISCLAIMER

This article is provided for informational purposes only and does not constitute legal, tax or investment advice. Market data is based on end-2025 observations and historical trends. Future market performance is not guaranteed.