MONACO • THE MAIN REAL ESTATE MARKET FIGURES 2020

Lexicon:
" 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.
1- INTRODUCTION
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:
Monte-Carlo
La Rousse
Jardin Exotique
Fontvieille
La Condamine
Les Moneghetti
Larvotto
Monaco Ville
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



Source: Real Estate Observatory 2020 - January 2021 - IMSEE - www.imsee.mc
Copyright 2021 SAS BENJAMINPRATT - Any reproduction prohibited
