Gouvernement Princier de Monaco

Real estate

The Monegasque property market was affected by the international financial crisis in 2009 and 2010, but it recovered and even surpassed pre-crisis levels in 2011, and saw two exceptional years in 2014 and 2015.

Sales

Real-estate sales
453,5 million €
Source: Monaco Statistics
33 apartments
Source: Monaco Statistics

 

The number of transactions fell compared with 2015 (the best year since the publication of the Real estate observatory in 2006). However, 2016 was the second best year for the new property market. No new buildings were delivered in 2016, but transactions were concluded for a building under construction.

Much like last year, the market was dominated by two types of apartment :

  • two-room units: 12 sales or 36% of all transactions ;
  • units with five or more rooms: 9 sales or 27% of all transactions.

Resales

Real-estate resales
2.212,7 million €
Source: Monaco Statistics
520 apartments
Source: Monaco Statistics

 

In 2016, the value of transactions increased significantly (+23.4%) to reach its highest level since the creation of the Real estate Observatory (EUR 2.2 billion).

The value of transactions went up for all types of apartments except studios.

Since 2013, transactions relating to three-room apartments have represented nearly a quarter of turnover in the resale market.

Resales distribution by district

The dominance of Monte-Carlo in the real estate turnover is explained both by the number of transactions and by the price of assets in this district.

http://www.monacostatistics.mc/Economy-and-Finance/Real-estate