Real estate expert

MONACO • THE MAIN REAL ESTATE MARKET FIGURES 2021

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 51.912€ !
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




3 - THE REAL ESTATE RESALE MARKET (EXISTING PROPERTIES)

417 resales in the resale market in 2021 (395 in 2020 say +5,6%) for a total of € 2,096 Billions



Real estate resale transactions by district











Average price per m² by district in Monaco





€ + 51,000 per square meter !





The Larvotto & Monte Carlo remain the most expensive district (€ +/-60,000€ / m² )






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)

23 newly built properties sold in 2021, for a total of Euros 235,6 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



MONACO 2020 REAL ESTATE MARKET OBSERVATORY - JANUARY 2021

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Source: Real Estate Observatory 2021 - January 2022 - IMSEE - www.imsee.mc

Copyright 2021 SAS BENJAMINPRATT - Any reproduction prohibited