Monaco real estate market breaking new records 2021

The Monaco real estate market proved again in 2021 the confidence of investors into this tangible asset, which breaks a new record of the average price per sqm, exceeding for the first time 50,000€ and soaring by nearly 75% in ten years.

The historical district of Monte-Carlo reached new peaks, with almost 60,000€/sqm on average, while the Golden Square features apartments that can exceed 100,000€/sqm. One Monaco specificity of its market; due to its rarity the larger the surface area, higher the price per sqm.

Despite the pandemic, the local property market features 29 transactions and 160 million euros more than in 2020, displaying a total amount of resales exceeding again 2 billion euros, and thus attesting to the sector’s more than satisfactory condition.

The Principality remains a highly-prized address, renowned for its prestige properties.

All indicators are still flashing green for go: despite crises prices keep increasing, demand is steady and adequately met by supply. This is the time to invest in real estate in Monaco, a safe haven more than ever before.

All figures displayed are from the IMSEE, Observatoire de l'Immobilier

KEY FACTS - MONACO REAL ESTATE MARKET 2021

• Increase by 7,1% of the total number of sales between 2020/2021

• Increase by 7,32% of the total amount of sales between 2020/2021

• Historical record price per sqm of resales > 50,000€ in 2021
• Price per sqm of resales rose by 75% in 10 years
• Monaco specificity: the larger the surface area, higher the price per sqm

• Record price per sqm for the Golden Square rising by 16,1%

• Nearly 8 out of 10 resale < 3 room apartments

• 70% of resales < 5M€