The tiny country of Monaco continues to reign as the world’s most expensive area to buy property.
With a surface area of just 2.02 m2, Monaco delivers a lifestyle that cannot be found anywhere else. The advantages of Monaco extend far beyond the country’s favourable tax regime, offering sublime weather, lavish real estate, unrivalled safety and superb health care and education, to name just a few.
Looking to buy Monaco real estate? Find out more about why Monaco real estate prices continue to rise year after year, offering an exceptional return on investment.
Increasing Monaco real estate prices
Monaco real estate offers exceptional returns for property investors, increasing by 75% in the past decade. According to the 2022 Real Estate Observatory Report, Monaco real estate prices averaged around 5 to 10 million Euros. In fact, the average Monaco house price per square metre grew by 9% in 2021.
Monaco real estate prices continue to rise as the world’s wealthiest seek the benefits of the Monaco lifestyle. In addition, limited inventory due to Monaco’s small land mass further fuels Monaco’s ever-increasing real estate market.
The benefits of living in Monaco
Living in Monaco offers a plethora of benefits that cannot be found anywhere else in the world, consequently increasing Monaco’s house prices.
Of course, the principality of Monaco offers a favourable tax regime and economic and political stability, making it one of the safest and most stable places to reside.
Residents of Monaco also benefit from a luxurious lifestyle, with access to award-winning restaurants and bars, designer boutiques, lavish resorts and spas, world-class service providers and some of the finest luxury real estate in the world. Monaco also offers unrivalled healthcare and education, making it an ideal place for families to reside.
Residents particularly appreciate living in Monaco, as it is one of the safest countries in the world. With approximately one police officer per 100 residents and a sophisticated, country-wide 24-hour video surveillance system, the crime rate is extremely low.
Monaco real estate prices are some of the highest in the world due to its favourable location along the French Riviera. Residents enjoy a wonderful year-round climate, sugar-white sandy beaches, and idyllic blue seas. For those who travel for work or have properties elsewhere, the Nice Cote D’Azur International Airport is just 30 minutes drive from Monaco.
Finally, it is little surprise that Monaco house prices are some of the highest in the world, with most luxury apartments offering world-class amenities, including swimming pools, wellness spas, concierge, and fully equipped fitness centres. Leading real estate agencies offer an unbeatable selection of luxury properties for sale in Monaco, from contemporary high rises to Belle Époque villas.
Best districts to invest in Monaco real estate
While the Principality of Monaco is one of the smallest countries in the world, it boasts seven districts, each with its own unique characteristics. At the heart of Monaco sits Monte Carlo, known for the iconic Carre D’Or and home to the world-renowned Monte Carlo Casino. In 2022, the Monegasque Institute of Statistics and Economic Studies showed that Monte-Carlo Monaco real estate prices were the most expensive, with an average price per square metre of 59,9991 Euros.
La Condamine, Monaco’s oldest district, is home to Port Hercules and the Farmers Market, while Larvotto is popular with families, thanks to its delightful beach and children’s play area.
The districts of Monaco-Ville and Saint Roman are much quieter neighbourhoods, both full of charm and steeped in history. In Saint Roman, residents benefit from the close proximity to Roquebrune Cap Martin and Menton while also being exceptionally close to the Monte-Carlo Country Club, where the Rolex Monte-Carlo Masters is played.
Navigating the increasing Monaco real estate prices
The best way to benefit from Monaco’s real estate prices is to work with an experienced real estate agent with in-depth knowledge of the city-state’s fast-moving real estate market. The principality’s leading agents offer a selection of Monaco off-market properties and publicly listed apartments, well equipped with the finest amenities. Contact a reputable estate agent and let them find the property that is right for you.
