MONACO • THE MAIN REAL ESTATE MARKET FIGURES 2019We present to you a summary of the economic balance sheet of the real estate sector in Monaco for the year 2019.
" Sales " corresponds to the sales of new apartments of new construction or under construction.
" Resales " corresponds to the sales of apartments which are not new constructions.
The average price per m² is of 48.000€ !
The aggregate value of all transctions (first-times sales and reasales of existing properties) rose by (+4,4 %) to almost 3 billion euros (€ 2,8 Bln).
Aggregate value of real estate transactions
2 - MONACO REAL ESTATE MAP
The Principality's territory has been divided into 9 official districts:
Ravin Sainte Dévote
Real estate resale transactions by district
More than one in four transactions take place in Monte-Carlo
Average price per m² by district in Monaco
Over € 48,000 per square meter !
Monte-Carlo remains the most expensive district (€ 53,000€ / m² )
3 - THE REAL ESTATE RESALE MARKET (EXISTING PROPERTIES)
429 resales in the resale market in 2019 for a total of € 2,475 Billions..
Real Estate Resale Transactions - Apartment Type
Real Estate Resale Transactions - Value of Resales
Real Estate Resale Transactions - Price Range
4 - THE REAL ESTATE SALES MARKET (NEW CONSTRUCTIONS)
Of the 33 newly built properties sold in 2019, 25 were sold off-plan for a total of Euros 320,5 Millions.
New Construction Sales - Apartment Type
New Construction Sales - Value of Sales
New Construction Sales - Price Range
5 - COMPARATIVE STUDY OF EXISITING AND NEW PROPERTIES
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Source: Real Estate Observatory 2019 - January 2020 - IMSEE - www.imsee.mc
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