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
Source: Real Estate Observatory 2021 - January 2022 - IMSEE - www.imsee.mc
Copyright 2021 SAS BENJAMINPRATT - Any reproduction prohibited
