Latest Monaco's Real Estate Market Insights
Monaco Real Estate 2024: Key Insights Into Rental and Sales Market Trends
Monaco's real estate market remains one of the most exclusive and sought-after in the world. While the principality continues to attract high-net-worth individuals seeking prime properties, recent trends in both the rental and sales markets highlight key shifts that investors and residents should be aware of.
Monaco’s Rental Market: Rising Demand
Over the past two years, Monaco’s rental market has seen a significant rise in prices, driven by high demand and strong inflation. Apartments with three rooms or more command the highest price per square meter, reflecting the continued interest in spacious, luxury accommodations.
Most Expensive Rental Areas in Monaco
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Carré d’Or – The pinnacle of luxury, home to the most prestigious properties.
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Larvotto – A prime waterfront location with direct beach access and panoramic views.
Most Affordable Rental Area
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Moneghetti – The most budget-friendly neighborhood in Monaco in terms of rental price per square meter, making it an attractive option for those seeking relative affordability within the principality.
These price trends underline the desirability of Monaco’s prime districts and the limited supply of high-end rental properties.
Source: Immotoolbox, based on rents per m² displayed on listings.
Monaco’s Sales Market: A Shift Toward Larger Apartments
After experiencing a sharp increase in price per square meter post-Covid, Monaco’s real estate market is showing signs of stabilization. However, the market is currently being driven by sales of large apartments, both new and old, which continue to achieve the highest price per square meter.
Key Trends in Monaco’s Sales Market
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New-build transactions are on the rise – Large new developments are pushing total sales volumes higher.
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Resales of existing properties are declining – In 2024, only 365 resale transactions were recorded, with small apartments making up the majority of these sales.
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Premium pricing for large apartments – Larger properties in both new and existing developments are setting the benchmark for price per square meter.
Sale Price per Square Meter by Apartment Type
The price per square meter varies significantly depending on apartment size, with larger residences in prime locations commanding premium rates.
Source: I.M.S.E.E.
Total Sales in New and Existing Properties
While the resale market is seeing fewer transactions, the total sales volume in euros remains high, particularly in the new-build sector, where demand for spacious, ultra-luxurious residences continues to grow.
Source: I.M.S.E.E.
Conclusion: Key Takeaways for Investors and Buyers
Monaco’s real estate market is defined by exclusivity, with rental and sales trends reinforcing the high demand for prime locations and larger properties. Investors looking to enter the market should consider the premium pricing of spacious apartments, while those seeking rental opportunities should note the price variations across different neighborhoods. As the market stabilizes post-Covid, Monaco continues to offer a secure and prestigious real estate environment for discerning buyers and tenants.
For expert guidance on Monaco’s luxury real estate market, contact Monaco Properties. Our team offers in-depth market analysis and personalized property solutions tailored to your investment goals.
- Phone +377 97 97 33 97
- Whatsapp: +33 6 40 62 65 76
- Email: info@mpmonaco.com
