There are several options available to people wishing to settle in Monaco. The Principality is divided into several wards, each with its own unique characteristics. Some areas of Monaco are more luxurious, while others are more affordable. Your choice will essentially depend on your project, your lifestyle and the composition of your household.
The best places to live on the Monaco market
Monte Carlo and Larvotto are among the most popular areas for foreigners looking to invest in Monaco’s luxury real estate. Fontvieille and La Condamine also command high prices.
Monte Carlo, Monaco’s most famous ward
Monte Carlo is home to prestigious establishments such as its famous casino and the Hôtel de Paris. Because of its historical value, this area is one of the most expensive places on the Monegasque market. It offers very high quality buildings ideally located in the heart of the Principality. In 2024, the average price per square metre rose to almost €54,000 in this area.
Larvotto, Monaco’s most luxurious ward
Larvotto is also very popular with investors looking to become property owners in Monaco. This area is home to many luxury hotels, bars and restaurants. It is also renowned for its idyllic beach and prestigious infrastructure, such as the Grimaldi Forum. Property values here are very high, especially since the construction of the new offshore extension known as Mareterra.
Fontvieille and La Condamine, 2 dynamic wards in Monaco
Other areas of Monaco are very popular. Fontvieille attracts investors with its modern residences overlooking the Rock. This dynamic sector is home to most of Monaco’s businesses, as well as the Louis II stadium. La Condamine also enjoys a privileged location on the edge of Port Hercule. This shopping district is ideally located for Monaco’s must-see events.
The more residential areas of Monaco’s property market
The areas away from the seafront are more residential. The average price of an apartment in Monaco is more affordable here, at €42,000 to €49,000 per square metre.
Jardin Exotique, the ideal neighbourhood for families
Located in the far west of the Principality, Jardin Exotique is an area popular with families. Its housing stock consists mainly of modern residences with uninterrupted views of the Mediterranean. Less touristy than central Monaco, it offers a peaceful environment dotted with green spaces and playgrounds. This area is also home to the Princess Grace Hospital.
La Rousse, a dynamic ward at the summit of Monaco
La Rousse is located on the heights of the Principality, opposite Jardin Exotique. This area is favoured by investors for its rental profitability in Monaco. Also known as Saint-Roman, it is one of the most dynamic areas for property transactions. The area is renowned for its luxury boutiques, its proximity to Larvotto beach and its luxury residential buildings.
Moneghetti, one of Monaco’s oldest wards
Moneghetti overlooks Port Hercule, offering a unique view of the Rock and the Mediterranean. It is home to a number of modern residences as well as sumptuous Belle Époque villas. It is one of Monaco’s most affordable neighbourhoods. With an average resale price per square metre of around €42,000, it is interesting from a rental investment point of view.
Are you interested in buying a property in the Principality? Rely on the expertise of Coletti Real Estate. Our estate agents in Monaco will help you make your project a reality. They’ll give you the best advice to help you choose between the different areas of Monaco.
