As of 2025, Monaco's real estate market remains the most expensive globally, characterized by limited supply, high demand from international high-net-worth individuals, and a focus on sustainable luxury developments.
Market Overview
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Average Prices: The average price per square meter in Monaco has reached approximately €51,967, with ultra-prime locations like Monte-Carlo and Larvotto exceeding €100,000 per square meter .
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Sales Trends: In 2024, the average price of newly built properties soared to €36.4 million, six times higher than the €6 million average for resales. While total sales across the Principality rose 12%, this was driven almost entirely by new developments .
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Rental Market: Prime rents increased by 4.4% in the year to December 2024, reflecting strong demand in the luxury rental segment .
Notable Developments
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Mareterra (Le Portier): Completed in December 2024, Mareterra is Monaco's ambitious €2 billion land reclamation project, adding six hectares to the coastline. The eco-friendly district includes 110 apartments, 10 villas, and extensive green spaces, with property prices ranging between €80,000 and €120,000 per square meter .
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Bay House and L’Exotique: These developments have contributed 69 apartments and five villas to Monaco’s housing supply, further enhancing the luxury real estate landscape .
Global Context
Monaco continues to attract wealthy individuals due to its favorable tax regime, political stability, and luxurious lifestyle offerings. Compared to other global cities, $1 million purchases approximately 19 square meters of prime property in Monaco, highlighting its premium market status .
Outlook
The combination of limited land availability, high demand, and the introduction of sustainable luxury developments suggests that Monaco's real estate market will maintain its upward trajectory. Investors and buyers seeking exclusivity and long-term value continue to view Monaco as a premier destination.