REQUEST A FREE PROPERTY APPRAISAL IN MONACO
2024-12-01

In fact, the new law on real estate traders, adopted in the summer of 2024, increases transcription fees and imposes stricter financial guarantees. These measures make this activity significantly less attractive, prompting many traders to leave the market. In the short term, this reform is expected to result in a substantial decrease in transaction numbers. However, in the medium term, it aims to curb real estate speculation and encourage the return of long-term investors, contributing to greater market stability.

Real Estate Prices in Monaco by Neighborhood

The famous Monte-Carlo district, with its prestigious Carré d’Or around the Place du Casino and luxury boutiques, is no longer the most expensive neighborhood in Monaco. The neighborhoods of Fontvieille and La Condamine, less affected by construction disruptions in recent years, have seen significant price increases, reaching €59,175 and €54,099 per square meter, respectively.

The Larvotto district, with its beaches, luxury boutiques, and the new Mareterra real estate complex, remains the most expensive neighborhood in the Principality, with an average price of €65,857 per square meter.

On the other hand, neighborhoods located at higher altitudes, near the borders of the French towns of Beausoleil, La Turbie, and Roquebrune-Cap-Martin, display the most affordable prices in Monaco. Average prices per square meter are approximately €41,614 in Jardin Exotique, €46,511 in Moneghetti, and €48,865 in Larousse.

Disparities in Real Estate Prices in Monaco Based on Apartment Size

Price differences in Monaco are not limited to variations between neighborhoods; they also depend on the size of the apartments. Generally, the price per square meter for larger properties is higher than for smaller units.

For example, the average price per square meter for a studio or one-bedroom apartment is around €39,000, while it reaches approximately €60,000 for larger apartments, such as three-, four-, or five-bedroom units.

Moreover, certain exceptional properties, including penthouses and villas, can command prices exceeding €100,000 per square meter, reflecting their unique features and rarity in the market.

Property Valuation

Valuing a property is a complex task, as the relationship between its features and its price is neither linear nor straightforward. Moreover, buyers and sellers often face evaluations that lack transparency or professionalism. In Monaco's real estate market, where transaction prices are among the highest in the world, inaccurate or incomplete information can result in significant financial losses.

In this context, MONACO PROPERTIES offers innovative and tailored valuation methods to provide buyers and sellers with greater transparency and higher quality in the valuation process. In collaboration with the University of Zurich, we have developed three valuation approaches to suit your specific needs:

• The Hedonic Valuation Method
• The Discounted Cash Flow (DCF) Method
• The Artificial Neural Networks (ANN) Method

The Hedonic Valuation Method

This method provides highly reliable price forecasts by taking into account the specific characteristics of a property. It allows for the evaluation of unique features, thereby enhancing the transparency and precision of the estimation process.

The Discounted Cash Flow (DCF) Method

Ideal for portfolio analysis that includes financial assets, this method establishes a property's risk and return profile. It enables comparisons with other financial assets, providing a comprehensive investment perspective.

The Artificial Neural Networks (ANN) Method

Although still under development and currently limited by a lack of data, this method holds great potential. It aims to mimic how our brain intuitively evaluates a property's features within a given context.

Get a Free Valuation from an Expert

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

For any questions, you can also contact us via:
Phone: +377 97 97 33 97
Email: info@mpmonaco.com