The market for apartment resales in Monaco

As potential buyers, you might have questions about the Monegasque real estate market. Certainly, it is a very particular market, but it can be very advantageous for those who have the means to get involved. In the heart of the Principality, Monaco, a small state known worldwide for its luxury, has seen its real estate prices soar in recent years.

We will present the market for apartment resales in Monaco in detail.

Monaco: an exceptional real estate market

Before diving into the figures, let’s take a moment to understand what makes the Monegasque real estate market unique. Monaco is one of the most sought-after destinations in the world for wealthy individuals. This small state nestled between France and the Mediterranean Sea offers an exceptional living environment. Luxury, security, and attractive tax conditions are just some of the advantages that attract an international clientele.

With its very limited territory, Monaco has a limited real estate supply. This imbalance between supply and demand drives up prices. Real estate transactions mainly involve luxury properties. The prices of these transactions sometimes reach dizzying heights, making Monaco one of the most expensive real estate markets in the world.

Real estate prices per Square Meter in Monaco: top of the global luxury market

In the real estate world, prices are often expressed in euros per square meter. And in Monaco, these prices are among the highest in the world. It is estimated that the average price per square meter in Monaco is around 50,000 euros. This amount may seem extravagant but is reflective of the Principality’s prestige.

Some neighborhoods are particularly prized. The Carré d’Or, Monte-Carlo, and La Condamine are among the most expensive areas in the Principality. In these neighborhoods, the price per square meter can easily reach 60,000 euros.

Transactions in 2024

The year 2024 has been a landmark year for the Monegasque real estate market. Despite the global health crisis still affecting some countries, Monaco’s real estate market remains dynamic. According to figures, there have been numerous real estate transactions in 2024.

It is estimated that more than 500 real estate transactions were completed in Monaco in 2024. These transactions mainly involve luxury apartments, often sold at prices reaching tens of millions of euros.

Focus on apartment resales

In the Monegasque real estate market, apartment resales hold a significant place. Current owners, mainly foreigners, resell their apartments in Monaco to make a profit.

If an owner decides to resell their apartment in Monaco, they can expect to make a significant profit. Indeed, apartment prices in Monaco have seen a constant increase over the past few years. This price increase, combined with the scarcity of available properties, makes apartment resales in Monaco a very lucrative market.

The apartment resale market in Monaco: a profitable investment for the wealthy

The prices of apartments in Monaco are high, but they reflect the quality and prestige of the available properties. Investing in real estate in Monaco means choosing a safe and profitable long-term investment.

Certainly, the entry ticket is high, but once crossed, the horizon is clear. With prices per square meter among the highest in the world, the Principality offers exceptional profitability for those who have the means to get involved.

Thus, despite its intimidating aspect, the apartment resale market in Monaco deserves close attention. Whether for a rental investment or to live there, the Principality offers unique real estate opportunities.

Projections for the future of the apartment resale market in Monaco

It is important to consider the future of the Monegasque real estate market, particularly apartment resales. According to experts, the future is promising. Due to the previously mentioned factors – security, luxury, advantageous tax conditions – demand should remain strong. Consequently, prices should continue to rise.

This niche market, which attracts a wealthy clientele, remains a safe and lucrative investment choice. Apartments are often sold with substantial profits given the constant price increases in Monaco. Additionally, the real estate sector remains one of the most resilient to economic crises.

Some areas, such as the Carré d’Or, Monte-Carlo, or the Exotic Garden, remain particularly coveted, and their value should not decline. The average price per square meter in these neighborhoods is expected to exceed 60,000 euros in the coming years.

View of Monaco in the night

There is also a projection for the development of the new real estate market in Monaco. Indeed, in response to growing demand and limited space, the Principality plans to build new luxury apartments. These projects could increase supply and thus stimulate the resale market.

Socio-economic impact of the apartment resale market in Monaco

The dynamism of the Monegasque real estate market has a considerable impact on the Principality’s economy. In 2024, Monaco’s real estate sector represents several billion euros. Apartment resales, in particular, with transactions often amounting to millions of euros, contribute significantly to this total.

This market attracts not only wealthy individuals but also companies specializing in luxury real estate. These players contribute to the local economy, generating jobs and income for the Principality.

However, this situation also has social impacts. The constant price increase makes Monegasque real estate inaccessible to the majority of residents. Nevertheless, the Principality of Monaco strives to maintain a balance by offering social housing for its less wealthy residents.

The apartment resale market in Monaco is a unique segment of the global real estate market. Dominated by luxury transactions, this market offers interesting investment opportunities for those who have the means to get involved. With average prices per square meter among the highest in the world, apartment resales in Monaco are a lucrative activity.

However, it is important to note that this market is highly influenced by the global economic situation. In case of a crisis, prices could be affected. Nevertheless, until now, Monegasque real estate has shown impressive resilience.

In conclusion, whether you are an investor looking for a profitable investment or a wealthy individual wanting to settle in one of the most luxurious places in the world, the apartment resale market in Monaco deserves your attention