Monaco Real Estate Market in 2025: Steady Growth, Exclusivity, and Limited Access

The Monaco property market in 2025 continues to solidify its reputation as one of the most expensive and exclusive markets in the world. Despite global economic challenges, the principality maintains stable price growth, high demand, and tight supply, which together form a high barrier to entry.

Prices and Market Structure

In 2024, the average property price in Monaco reached €51,967 per sq. m — up 1.1% from 2023 and 44.3% higher than a decade ago. According to Monaco Properties, the Larvotto district saw the highest prices at €97,563 per sq. m, largely due to landmark developments like Mareterra.

Monte-Carlo averaged €53,911 per sq. m, and Fontvieille was close behind at €53,908. Other districts posted slightly lower figures:
- La Condamine – €53,801
- Jardin Exotique – €49,847
- La Rousse – €45,303
- Moneghetti – €42,326

Prices also varied by property size and type:
- Studios averaged €39,621 per sq. m
- One-bed apartments – €45,153
- Two-bed units – €48,281
- Larger homes – up to €61,932 per sq. m

Realestate.earth reports a 12% rise in transactions in 2024, mostly driven by new developments averaging €36.4 million per unit. Resale homes were much cheaper, with an average of €6 million. Meanwhile, luxury rentals rose 4.4% year-on-year.

According to EuropeanProperty.com, top-tier neighborhoods like Monte-Carlo and Larvotto exceed €100,000 per sq. m. New developments cost even more, averaging €36.4 million — about six times the price of resales.

Luxury Rentals and Cost of Living

Rental prices in Monaco remain among the highest in Europe:
- One-bedroom apartment in central Monaco: €4,000–6,000/month
- Three-bedroom luxury homes: €15,000–25,000/month
- Penthouses and villas: from €30,000/month

Demand is strongest around the port and in new urban districts with modern infrastructure.

For $1 million, you can buy just 19 sq. m of luxury property — one of the lowest ratios globally, highlighting the city’s exclusivity.

Other monthly expenses include:
- Utilities: €200–300
- Groceries for two: €800–1,200
- Dinner for two: €150–300
- Private school tuition: up to €40,000/year

Overall, living costs in Monaco are 60–80% higher than in France or Italy.

Regulatory Environment and Market Stability

Monaco recently introduced tighter regulations on the real estate sector, including higher notary fees and stricter financial guarantees for agents. While these reforms temporarily reduced transaction volumes, they are expected to stabilize the market over the long term.

Knight Frank’s 2025 outlook places Monaco fifth globally for potential price increases, behind Stockholm, Marbella, Madrid, and Lisbon — and ahead of Milan, Geneva, Paris, and London. Analysts predict a 4% price rise in 2025. Limited supply, favorable tax policies, and an influx of UHNWIs (ultra-high-net-worth individuals) support long-term growth, especially as wealth taxes rise in other countries.