Gouvernement Princier de Monaco

Real estate


Real-estate sales
371,0 million €
Source: Monaco Statistics
72 apartments
Source: Monaco Statistics


2018 recorded the highest number of sales (72) since 2006, when this observatory was created. This represents a significant increase of 44% compared with 2017, due to delivery of the four blocks of the Stella building. Ninety percent of apartments sold in 2018 were in this building, which is chiefly made up of two-room properties. Consequently, almost 80% of transactions in 2018 related to two-room properties.

Total sales rose from €228.9 million in 2017 to €371.0 million in 2018, representing growth of 62.1%. Despite this bounce, the market did not recover to the levels of 2015 and 2016, which were characterised by substantial transactions relating to assets with five or more rooms.


Real-estate resales
2.327,4 million €
Source: Monaco Statistics
451 apartments
Source: Monaco Statistics


There were 45 more transactions than in 2017, an increase of 11.1%. 2018 was the fourth best year for resales since 2006, with a total of 451. The number of transactions relating to small apartments (studios or two-room properties) remained unchanged, while resales of larger apartments increased. Only in relation to villas (most often purchased with a view to redevelopment) did the number of transactions fall.


Two factors explain the significant increase in the total value of transactions: the rise in the number of resales and the type of apartments sold. Apartments with five or more rooms accounted for over a quarter of the total value of transactions (28.4%).

Resales repartition by districts

The Moneghetti district saw the highest increase in the number of resales (up 42.3%), but this area only accounted for 8.2% of the total of the transactions.

The total value of transactions in Monte-Carlo rose sharply (48.9%), to reach almost a billion euros (€950.2 million).