Monaco Real Estate Market: A Strong 2025 and Positive Outlook for 2026
Following a record-breaking 2024, Monaco's real estate market once again demonstrated its resilience in 2025. The total number of transactions increased by 5.8%, reaching 493 sales and resales, while the overall transaction volume remained stable at €5.9 billion. Although new property sales declined following the major deliveries of Mareterra and Bay House, the resale market reached a new all-time high with 429 transactions (+17.5%) worth €3.25 billion (+49.1%).
The market continues to be driven by the ultra-prime segment. The average price per square metre stands at €57,569, remaining close to the 2024 record, while Larvotto became the first district to exceed the symbolic threshold of €70,000/m². Exceptional properties continue to lead the market, with an average price for new developments of €40.8 million, and more than half of all new sales exceeding €20 million.
The outlook for 2026 remains highly encouraging. Monaco's limited land supply, structurally constrained housing stock, growing international demand and exceptional fiscal and political stability will continue to support the market. While fewer major developments are expected to limit new property sales, the resale market should remain particularly active. Assuming a gradual decline in interest rates, property values are expected to increase by approximately 3% to 6% during 2026, further reinforcing Monaco's position as one of the world's safest and most prestigious real estate markets.
