MONACO • THE MAIN REAL ESTATE MARKET FIGURES 2020We present to you a summary of the economic balance sheet of the real estate sector in Monaco for the year 2020.
" 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 47.619€ !
The aggregate amount of transactions (sales and resales) fell sharply (-22.3%) and returned to a level comparable to 2017.
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 three transactions take place in Monte-Carlo
Average price per m² by district in Monaco
€ 47,619 per square meter !
The Larvotto becomes the most expensive district (€ 65,520€ / m² )
3 - THE REAL ESTATE RESALE MARKET (EXISTING PROPERTIES)
395 resales in the resale market in 2020 (429 in 2019 say -7,9%) for a total of € 1,954 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)
26 newly built properties sold in 2020, for a total of Euros 218,7 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 2020 - January 2021 - IMSEE - www.imsee.mc
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