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Over the past decade, Monaco’s real estate market has demonstrated exceptional resilience and long-term growth. The average price per square meter increased from approximately €48,799 in 2018 to €51,967 in 2024, before reaching €57,569 in 2025, driven by high-end transactions and limited supply. While 2025 marked a phase of stabilization following the sharp increase in 2024, prices remain at historically high levels. The market continues to be supported by strong international demand, the scarcity of available properties, and the delivery of premium developments such as Mareterra. Looking ahead to 2026, a moderate increase is expected, with average prices projected to possibly approach €59,000 per square meter, reflecting a return to steady growth rather than speculative expansion.

Historical Trends in Monaco's Average Price per Square Meter, Latest Prices for 2025 and Predictions for 2026:

The Monaco real estate market in 2025 confirms its position as one of the most exclusive and resilient in the world. According to the official IMSEE Real Estate Observatory 2025, prices continue to reach historic highs despite fluctuations in transaction volumes.

 

Monaco Price per Square Meter in 2025

In 2025, the average price per square meter in Monaco reached: €57,569 per m² This represents only a slight decrease of -1.4% compared to 2024, following a sharp increase the previous year. 

However, prices remain at historically high levels, confirming the long-term upward trend of Monaco’s property market.

Price per square metre by construction period in 2025 and 2026 predictions :

 

District / year

2018

2019

2020

2021

2022

2023

2024

2025

predictions 2026

Larvotto

€60,078

NA

€65,520

€59,699

€62,351

€65,857

€97,563

€71,167

€73,000

Fontvieille

€45,819

€52,342

€51,872

€58,839

€55,279

€59,175

€53,908

€52,518

€54,000

Monte-Carlo

€56,343

€53,042

€51,617

€46,623

€45,185

€54,099

€53,911

€67,250

€69,000

Condamine

€51,479

€52,280

€47,421

€60,007

€55,034

€51,628

€53,801

€52,104

€53,500

La Rousse

€43,056

€42,549

€41,890

€47,710

€47,653

€48,865

€45,303

€52,106

€53,500

Moneghetti

€36,420

€45,455

€38,253

€37,879

€39,307

€46,511

€42,326

€43,797

€45,000

Jardin Exotique

€39,811

€35,383

€37,500

€35,460

€37,836

€41,614

€49,847

€45,168

€46,500

Monaco Ville

NA

NA

NA

NA

NA

NA

NA

NA

NA

Average

€48,799

€48,151

€47,619

€51,912

€50,982

€51,418

€51,967

€57,569

≈ €59,000


Key Market Highlights (2025)

  • Total real estate transactions: 493 (+5.8% vs 2024) 

  • Total market value: €5.9 billion (record level) 

  • Sales (new properties): €2.6 billion

  • Resales: €3.4 billion

Despite a drop in new developments, the resale market has rebounded strongly.


Transaction Trends: Fewer Deals, Higher Values

The number of transactions remains structurally constrained:

  • Sales volume declined significantly due to fewer new developments

  • Resale activity increased to 429 transactions (+17.5%)

This reflects a market shift toward existing properties, driven by limited supply and regulatory changes.


Average Property Prices in Monaco

In 2025:

  • Average resale price: €7.6 million (+26.8%) 

  • Median price: €4.0 million (record level) 

  • Average sale price (new builds): €40.8 million 

This confirms a clear trend: Monaco is increasingly dominated by ultra-luxury transactions.

 


Luxury Market Dominance

  • 54.7% of new sales exceeded €20 million

  • 22 resale transactions exceeded €20 million

  • Several transactions exceeded €100 million

Large apartments (3+ bedrooms) represent: Nearly 80% of sales volume


Price per m² by District (2025)

The Monaco market shows strong geographical disparities:

Most Expensive Districts

  • Larvotto: €71,167/m² (highest in Monaco) 

  • Monte-Carlo: €67,250/m²

  • Fontvieille: €52,518/m²

Mid-Range Districts

  • La Condamine: €52,104/m²

  • La Rousse: €52,106/m²

More Accessible Areas

  • Moneghetti: €43,797/m²

  • Jardin Exotique: €45,168/m²

Larvotto clearly dominates, driven by Mareterra and new luxury developments.

 

Price per m² by District (2025) :

District Price €/m² Evolution 24/25
Larvotto €71,167 +2.2%
Monte-Carlo €67,250 -4.8%
Fontvieille €52,518 -4.5%
La Condamine €52,104 -2.7%
La Rousse €52,106 -0.7%
Jardin Exotique €45,168 -3.7%
Moneghetti €43,797 +3.3%

 


Resale Market Breakdown (2025)

  • Total resales: 429 transactions

  • Market value: €3.49 billion (+40%) 

Top District for Resales

  • Monte-Carlo: 166 transactions (market leader) 

Fastest Growth

  • Larvotto: record value growth driven by new stock

  • La Rousse & La Condamine: strong increases

 

Type Avg Price (€M) Evolution
Studio €2.0M +5.5%
1-bedroom €4.0M +5.0%
2-bedroom €6.5M -6.5%
3-bedroom €10.2M -9.1%
4+ bedrooms €29.0M +54.1%

Price Evolution Over Time and 2026 prediction: 

The Monaco market continues its long-term appreciation:

  • 2016: ~€40,000/m²

  • 2020: ~€47,000/m²

  • 2024: €58,402/m²

  • 2025: €57,569/m² 

  • 2026 : possibly reaching 60,000/m² 

The slight 2025 dip reflects market normalization, not decline.


New vs Old Properties

  • New builds: ~€65,602/m² average 

  • Highest prices seen in recent developments (2020–2029)

  • Older properties still exceed €40,000/m²


Market Outlook for 2026

The Monaco property market is entering a new phase:

Short-Term

  • Lower transaction volumes

  • Stabilization of prices

Medium-Term

  • Reduced speculation

  • Stronger long-term investor presence

  • Continued ultra-prime positioning


Expert Property Valuation in Monaco

Providing accurate, data-driven property valuations in Monaco’s complex market.

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

 

REQUEST A FREE PROPERTY APPRAISAL IN FRANCE

REQUEST A FREE PROPERTY APPRAISAL IN FRANCE


Property Valuation in the French Riviera: Expertise for Your Luxury Investment

The French Riviera is synonymous with luxury, elegance, and timeless charm. Whether you dream of owning a permanent residence in Provence-Alpes-Côte-d'Azur, acquiring a prestigious holiday home, or investing in an asset that offers lucrative returns, accurate property valuation is a critical step in making informed decisions.

At Monaco Properties, we specialize in providing precise and reliable property valuations tailored to the unique characteristics of the French Riviera. With the region's average price per square meter at €10,875—and some of the most exclusive properties exceeding €62,500—our expertise ensures your property’s value reflects its true potential.

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Issue 06 | 2024/2025

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