Real estate

After a two-year low in the context of the health crisis, the real estate market is clearly on the rise in 2022. In terms of volume, it increases by 18.2% compared to 2021 and counts 520 transactions but remains below its 2014-2016 level. In value, it reaches the unprecedented amount of €3.54 billion after an increase of 51.8%.

Sales

The new housing market reaches a new record in 2022 with 88 sales, which is 4 times more transactions than in 2021. Compared to the previous peak of 72 transactions in 2018, 16 more properties were sold in 2022.

Resales 

In 2022, the total number of resales continues to increase (+3.6%) and exceeds its 2019 level but without reaching that of the years 2014-2016. With the exception of 2-room apartments (-5.4%), resales increase for all flat types and more particularly for 3-room apartments with +18.4%, i.e. 16 more properties than in 2021.

Mean price per square meter 

After the strong increase in 2021 (+9%), the average price per square metre falls slightly in 2022 (-1.8% or -1,000 € on average). At almost €51,000 per square metre, it remains above the symbolic €50,000 per square metre mark. It has risen by more than 60% in 10 years.

With more than €62,000 per m² (+4.4% compared to 2021), it is once again in Larvotto that the price per square metre is the highest.

Of the 8 districts in the Principality, 5 have seen their price per square metre decrease compared to 2021, which was a record year for this indicator. However, compared to 2020, it is increasing for Fontvieille, Monte-Carlo and La Rousse.

The price per square metre in the Moneghetti rose by 11.6% to over €42,000 per m², its highest level since 2019.