Monaco Property Prices and
Market Trends: What Buyers Need to Know
The Monaco Real Estate Observatory 2025, published by IMSEE in February 2026, offers a comprehensive view of residential property transactions, pricing trends, and district-level dynamics across the Principality. Based on official transaction data, the report confirms that Monaco’s real estate market remains structurally resilient and increasingly focused on large, luxurious residences
This article summarises the most relevant findings for buyers, property owners, and families considering a move to Monaco.
OVERALL MARKET ACTIVITY: VOLUMES REMAIN HISTORICALLY HIGH
In 2025, 493 residential transactions were recorded in Monaco, representing a 5.8% increase compared to 2024. While total transaction value eased slightly to €5.9 billion, this follows an exceptional year influenced by the delivery of rare ultra-prime developments. Importantly, current activity levels remain significantly higher than long-term historical averages, confirming that the Monaco market has not slowed structurally, but rather normalised after an extraordinary peak following the delivery of Mareterra in 2024.
NEW PROPERTY SALES: SCARCE SUPPLY, LARGER HOMES
The supply of new residential property in Monaco remains structurally limited. Since 2016, fewer than 700 new dwellings have been delivered, reflecting the physical constraints of the Principality.
In 2025, the sales market was dominated by large residential units:
– Nearly 80% of sales involved properties with three bedrooms or more
– The majority of transaction value was concentrated in properties with four or more bedrooms
– Smaller units represented a marginal share of both volume and value
This confirms a long-term shift toward Monaco as a primary residence market, rather than a destination for small investment units.
SALES VALUES AND PRICING: AVERAGE PRICES REACH NEW RECORDS
For the first time, the average sale price exceeded €40 million, driven by a limited number of exceptionally high-value transactions. While median prices softened slightly compared to 2024, they remain at historically elevated levels.
This distinction is important: pricing strength in Monaco is not broad-based inflation, but rather the result of sustained demand for rare, high-quality assets combined with extreme supply scarcity.
RESALE MARKET: A STRONG RECOVERY AND GROWING IMPORTANCE
The resale market recorded 429 transactions in 2025, the highest level since 2014. This rebound reflects increased circulation of existing high-end stock, including properties delivered in recent years.
Key resale trends include:
– Total resale value exceeding €3.2 billion
– 22 resale transactions above €20 million
– Strong demand for family-sized apartments and villas
The resale segment now accounts for the majority of market liquidity and plays a central role in price formation.
DISTRICT PERFORMANCE : MONTE-CARLO AND LARVOTTO AT THE FOREFRONT
At the district level, Monte-Carlo remains the most active market in Monaco, accounting for nearly 40% of all transactions. In 2025, resale values in Monte-Carlo exceeded €1.1 billion for the first time. Larvotto maintained its position as the Principality’s most expensive district, being the first to exceed €70,000 per square metre, driven by new developments including Mareterra.
Other districts such as La Condamine and Fontvieille recorded solid activity, while Monaco-Ville remained stable with limited transaction volumes.
PRICE PER SQUARE METRE : SUSTAINED AT ELEVATED LEVELS
Across all transactions, the average price per square metre in Monaco stood at €57,569 in 2025. While marginally lower than the 2024 peak, this remains close to record levels. For recently constructed properties, the estimated average reached €65,602 per square metre, highlighting the premium placed on modern buildings, energy performance, and contemporary layouts.
WHAT THE 2025 DATA TELLS US ABOUT MONACO REAL ESTATE
The Observatory supports several structural observations:
– Monaco remains one of the most supply-constrained property markets globally
– Demand is increasingly focused on large, long-term residences
– Prime districts continue to outperform, with widening price differentials
For buyers, this reinforces the importance of quality, location, and timing. For property owners, it confirms that well-positioned assets continue to benefit from sustained local and international demand.
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FREQUENTLY ASKED QUESTIONS
What is the average price per square metre in Monaco?
In 2025, the average price across all transactions was approximately €57,500 per square metre, rising to over €65,000 per square metre for recently built properties.
Which districts are the most expensive in Monaco?
Larvotto is currently the most expensive district, having surpassed €70,000 per square metre. Monte-Carlo remains the most active district by volume and value.
Does the resale market matter in Monaco?
Yes. The resale market accounted for the majority of transactions in 2025 and plays an increasingly important role as recent high-end developments begin to circulate.
Is Monaco real estate mainly driven by investors?
No. The data shows a clear shift toward owner-occupiers and families, with strong demand for large, long-term residences rather than small investment units.
