Do you own a property in Monaco? Do you want to know its value? A real estate appraisal in Monaco must take a number of criteria into account. The area, features and location of the property are among the most important factors. For reliable results, use a specialist real estate agency. In-depth knowledge of the market is essential for an accurate valuation.
Criteria for valuing a property in Monaco
When carrying out a real estate appraisal, estate agents take a number of factors into account:
- The area: some areas of Monaco are more expensive than others. Monte Carlo is one of the most sought-after, with a price per square metre of around €54,000 in 2024.
- Property features: the number of rooms, the age of the residence and the condition of the property play a major role in determining the average price per square metre.
- The market situation: the balance between supply and demand at the time of sale has a significant influence on prices in Monaco’s real estate sector.
Methods for appraising the price of an apartment in Monaco
The Monegasque real estate market has unique characteristics that only experts can analyse. This is why real estate agencies in Monaco do not limit themselves to the criteria set out above when valuing an apartment. They rely on several valuation methods in order to provide an accurate appraisal.
The following three methods are among the most commonly used by real estate agents in the Principality:
- The comparison method: this method is based on comparable transactions by analysing recent sales of similar properties.
- The income capitalisation method: with this method, the valuer determines the price of an apartment based on the actual or theoretical income it generates.
- The hedonic method: this method takes into account the specific characteristics of a property to determine its selling price (size, views, neighbourhood, etc.).
A valuation subject to the specific characteristics of the Monegasque market
The Monegasque market is one of the most exclusive in the world. It attracts a wealthy clientele keen to become property owners in Monaco. Combined with the scarcity of available land, this strong demand means that the real estate sector is particularly dynamic. In 2024, the value of transactions even reached an all-time high of €5.9 billion.
The Principality is renowned for its luxury properties and some of the highest prices per square metre in the world. There are major fluctuations between areas, and even between apartments in the same residence. Given these specific characteristics, it is essential to call on the services of a property expert to obtain a fair valuation.
Using an agency for a property appraisal in Monaco
Appraising the value of your property is essential when selling or renting. This will enable you to sell your apartment at the best price or optimise your rental yields in Monaco. Calling on a team of real estate experts such as Coletti Real Estate guarantees you reliable results.
The Monegasque real estate market is characterised by a limited supply of exceptional properties, and is governed by complex legal and tax rules. In-depth knowledge of the local market is essential to determine the value of a property. Taking advantage of the expertise of a real estate agency will enable you to invest in Monaco in the best possible conditions.
Are you looking to buy a modern, luxurious property in Monaco? Our Coletti Real Estate agency offers you a large portfolio of exclusive properties in the heart of the Principality. Our team can also help you with leasing, property management and administration.
