Gouvernement Princier de Monaco

Real estate

The cumulative value of transactions (new properties and resales) declined sharply (-22.3%) to a level similar to that seen in 2017.

Sales

Real-estate sales
218.7 millions of euros
Source: Monaco Statistics
16 apartments
Source: Monaco Statistics

 

There was a much more notable decline in the number of transactions involving small apartments. In 2019, studios and one-bedroom apartments accounted for two thirds of transactions by volume, while in 2020 they represented only slightly more than a third.

Resales 

Real-estate resales
1.954,0 millions of euros
Source: Monaco Statistics
395 apartments
Source: Monaco Statistics

 

The value of sales also fell, though less sharply (-32%) than the number of sales (-52%) due to the types of properties sold: fewer studios and one-bedrooms, but more two-bedrooms.

 

Mean price per square meter 

Following strong growth in 2018 (+18.1%), the price per square meter fell slightly for the second year in a row (-1.3% in 2019 then -1.1% in 2020) and dipped below €48,000 (€47,619). It has risen by more than 52% in ten years.

In years when it can be calculated, the price per square meter in Larvotto is also higher than that found in other districts.

The decline in the price per square meter in La Condamine in 2020 (-9.3%) took this district below the €50,000 mark. Monte-Carlo and Fontvieille held up better, with prices staying above €50,000.
Despite the decline in the price per square meter in 2020, Les Moneghetti is the only district in which prices have doubled in 10 years (+115%).

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