Renowned for its exclusivity, Monaco’s real estate market is commanding record prices every year. The price per square metre of property resales is one of the highest in the world. In 2024, sales reached almost €3.7 billion. Such figures make Monaco a unique financial centre. Foreign investors are attracted by its tax advantages, luxury living environment and wealth of top-of-the-range properties.
A real estate market that attracts foreign investors
Monaco is a cosmopolitan microstate that attracts many new international buyers. Almost 140 nationalities are represented in Monaco. Of the 39,000 inhabitants, French, Italian and British nationals are the most numerous. Then come Belgian, Swiss, German and US nationals.
Some foreigners choose to invest in a luxury apartment in Monaco to take advantage of the advantageous tax system. Others move to Monaco for its exceptional quality of life. Monaco’s different areas are renowned for their optimum level of security and high-end services.
A real estate market characterised by limited supply
One of the characteristics of the real estate market in Monaco is the scarcity of properties. This limited supply is due to the Principality’s small size. At around 200 hectares, there is almost no space available for building. The fact that there is little housing available contributes to the increase in property prices.
Offshore extensions have been built regularly for over a century. The latest opened at the end of 2024. Named Mareterra, this new neighbourhood has gained 6 hectares. Nestled between Larvotto and Monte Carlo, Mareterra is already considered one of the most expensive in the world.
One of the most sought-after property markets in the world
Investing in the real estate market in Monaco has a wealth of advantages. Investors are attracted by the Principality’s thriving economy. IMSEE data shows that GDP saw an increase of around 50% over a 10-year period. Such growth makes Monaco a leading financial centre.
The Monegasque lifestyle also explains the high demand for housing in Monaco. Investors are attracted by the favourable climate, high-end services and luxury properties. They can also count on a packed cultural calendar with many must-see events.
A real estate market with record prices
Monaco’s real estate market is best known for being one of the most expensive in the world. Property prices have been rising steadily for the past 10 years. According to IMSEE’s Real-Estate Observatory, the total value of real estate transactions reached a record high of €5.9 billion in 2024.
The average price of an apartment in Monaco is staggering. In 2024, the price per square metre of resales also reached a record, close to €52,000. Prices vary from area to area, with Monte Carlo being the most expensive. In this neighbourhood, the value of resales reached almost €800 million in 2024.
A real estate market conducive to rental investment
The Principality is a safe destination for investors from all over the world. Its growth, tax framework and political stability make it possible to anticipate interesting rental yields in Monaco. The rising population combined with limited supply means that rental demand is high.
Apartments with sea views in central areas offer the best return. In addition to the rental income received, an investment in Monaco is valued over the long term through capital appreciation. The rise in property prices suggests that there will be significant capital gains on resale.
Looking to buy an apartment in the Principality? Rely on the expertise of our real estate agency to invest in Monaco. Coletti Real Estate can help you make your property plans a success.
