Monaco Real Estate Observatory 2025
In an international environment marked by price adjustments across many European markets, the Principality continues to post high transaction volumes and some of the highest property values in the world.
Below are the key insights.
1. Sustained Transaction Volumes
In 2025, 493 transactions were recorded, representing a total volume of approximately €5.9 billion.
This level, close to historic highs, reflects:
Structurally strong demand
Unwavering international appeal
The market’s ability to absorb ultra-high-value transactions
Monaco remains driven by a wealth-focused clientele seeking legal stability, fiscal attractiveness, and security.
2. Resale and New-Build Markets: Two Distinct Dynamics
The Resale Market
With more than 400 transactions, the resale segment accounts for the majority of market activity.
In value terms, it exceeded €3 billion.
This confirms:
Strong liquidity in the secondary market
Depth and consistency of demand
Price resilience, even outside new developments
Resale properties in Monaco remain strategic assets, particularly for investors seeking well-located, immediately operational properties.
The New-Build Market
Although fewer in number, new-build transactions represent a significant share of total market value.
The average ticket size exceeds €40 million, illustrating:
The ultra-prime positioning of new developments
The impact of major recent projects on overall price levels
The premium attached to contemporary buildings and exceptional specifications
3. Price per Square Metre: Stability at the Top End
IMSEE has introduced a refined methodology to estimate the average price per square metre, taking into account:
District
Year of construction
Type of transaction
Property characteristics
The estimated average price stands at approximately €57,500 per sqm in 2025.
Despite a slight statistical adjustment compared to the previous year, values remain among the highest globally.
The most recent properties command even higher levels, confirming the strong premium attached to new and contemporary developments.
4. District Analysis: Concentration of Value
Certain areas account for a significant proportion of both transaction volume and total investment.
Monte-Carlo
Monte-Carlo remains the historical and financial heart of the market, representing a substantial share of resale transactions.
It combines:
Central location
Prestige
Strong liquidity
Larvotto
The Larvotto district stands out for particularly high price levels, frequently exceeding €70,000 per sqm for exceptional properties.
Its seafront position and recent developments reinforce its ultra-prime status.
5. What This Means for Investors
1. Monaco Confirms Its Safe-Haven Status
Structural land scarcity continues to underpin long-term valuations.
2. The Market Remains Liquid
Unlike many European capitals, Monaco maintains strong activity levels, including at very high price points.
3. The Quality Premium Is Increasing
Location, floor level, view, building standard, and specifications are becoming even more decisive in price hierarchy.
6. Outlook for 2026
Market fundamentals remain solid:
Naturally limited supply
Strong international demand
Institutional and fiscal stability
Barring a major external shock, the Monegasque market is expected to maintain a balanced dynamic, with selective adjustments rather than structural correction.
Conclusion
The 2025 Real Estate Observatory confirms that Monaco remains a market apart:
stable, deeply international, and driven by long-term wealth preservation strategies.
For owners, the current context remains favourable for strategic arbitrage.
For buyers, selectivity and expert guidance are more essential than ever.
Our team remains at your disposal for a tailored analysis of your acquisition, disposal, or investment project in the Principality.
