MONACO • THE MAIN REAL ESTATE MARKET FIGURES 2020
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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
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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
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Real estate resale transactions by district
More than one in three transactions take place in Monte-Carlo
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Average price per m² by district in Monaco
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€ 47,619 per square meter !
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The Larvotto becomes the most expensive district (€ 65,520€ / m² )
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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
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Real Estate Resale Transactions - Value of Resales
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Real Estate Resale Transactions - Price Range
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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
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New Construction Sales - Value of Sales
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New Construction Sales - Price Range
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5 - COMPARATIVE STUDY OF EXISITING AND NEW PROPERTIES
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![MONACO 2020 REAL ESTATE MARKET OBSERVATORY - JANUARY 2021](/uploads/website/447/863b5e92e7d46b92726441c32d2901f2.jpg)
Source: Real Estate Observatory 2020 - January 2021 - IMSEE - www.imsee.mc
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