MONACO • THE MAIN REAL ESTATE MARKET FIGURES 2020

We present to you a summary of the economic balance sheet of the real estate sector in Monaco for the year 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