Gouvernement Princier de Monaco

Real Estate Observatory 2020

Couverture Observatoire Immobilier 2020

The Real Estate Observatory is online.

The market for new sales is dependent on deliveries, and in 2020, just 26 apartments were delivered. As in 2019, off-plan sales accounted for the majority (75%) of transactions, nonetheless, the number of sales fell far short of the figure seen over the last five years.

The resale market also experienced a decline.

The average price per square meter decreased slightly (-1.1%), falling below €48,000 to €47,619. However, this average has increased by 52.3% in the last decade.

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

You can acces the Real Estate page  or download the publication.

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http://www.monacostatistics.mc/News/Real-Estate-Observatory-2020