FOR THE FIRST TIME, MONACO'S SQUARE METER EXCEEDS €50,000

After a slight fall in 2020 (-1.1%), the price per square meter shows a clear increase in 2021 and exceeds the symbolic €50,000 mark for the first time, approaching €52,000. It is up by almost 75% in 10 years.?

Between 2020 and 2021, the price per square metre increases by 9.0%. With the exception of four-room apartments, the price per square metre has increased for all types of flats.

Only properties with less than three rooms remain below the €50,000 per m2 mark, while those with five or more rooms have passed the €60,000 mark, with an increase of 21.7% compared to 2020.

In some areas, the number of transactions is too low to calculate the price per square metre. This is the case for Monaco-Ville. (no transactions with a known surface area in 2021).

On the other hand, with 6 resales for which the surface area is known, the price per square metre of Larvotto could be calculated.?

While it is usually the most expensive area per square metre, in 2021 it is overtaken by Monte Carlo, where flats were sold at almost €60,000 per square metre.

Fontvielle is not far behind with €58,800 per square metre. The lowest price is in Jardin Exotique (35,460 €/m2).

Source: Monaco Statistics

Real Estate Observatory 2021 - January 2022