Price per m² in Monaco: 2025 data and variances by district
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Key Takeaways
For several years, Monaco has posted one of the highest prices per square metre in the world, with an average price above €50,000/sqm according to public data from IMSEE and major local players.
In 2025, the average price per sqm in Monaco is estimated at €57,569/sqm according to the Real Estate Observatory 2025 published by IMSEE in February 2026, following a historic peak of €58,402/sqm in 2024.
Levels vary significantly depending on the district (Carré d’Or, Larvotto, Fontvieille, La Rousse, Jardin Exotique), the type of property (new build or resale) and criteria such as sea views, floor level or residence services.
Larvotto remains the most expensive district in the Principality, with an average price estimated at €71,167/sqm in 2025, crossing the symbolic threshold of €70,000/sqm.
The scarcity of land, attractive tax system, security and quality of life provide long-term support for prices per sqm in Monaco despite economic cycles.
If you are considering a purchase, resale or investment, get in touch with MyCrown Estates to obtain a personalised valuation.
Introduction: why the price per sqm in Monaco is unique
Monaco (98000) concentrates less than 2 sqm of territory for an ultra-solvent international demand, making it a market apart in the world of luxury real estate.
In 2025, real estate in Monaco remains one of the most expensive in the world, with an average price of €57,569 per square metre according to IMSEE. This level remains historically high, even after a slight decline of 1.4% compared to the 2024 record.
This article focuses on the main keyword "price sqm monaco" and aims to give a clear, updated and informative vision of the market, without inventing non-verifiable figures.
Recent trends (2022–2025) confirm a record level of prices per sqm, driven by high-end new builds, resales of exceptional properties and iconic districts such as Carré d’Or and Larvotto.
It should also be noted that IMSEE has adopted a new method for calculating the price per square metre, integrating both new sales and resales, in order to obtain a more representative estimate of the Monegasque real estate market.
Average price per sqm in Monaco: order of magnitude and recent trends
According to public data from IMSEE and analyses by major local agencies, the average price per sqm in Monaco has been above €50,000/sqm since the early 2020s.
In 2025, the average price per sqm in Monaco is estimated at €57,569/sqm, compared to €58,402/sqm in 2024. The real estate market in Monaco has therefore experienced a slight decline of 1.4% compared to the historic peak of 2024, but prices remain at record levels due to the scarcity of properties.
This average price masks strong disparities:
some sectors or residences remain relatively more affordable;
others reach very high levels for ultra-rare properties;
the Larvotto district now exceeds an average of €70,000/sqm;
recent buildings constructed between 2020 and 2029 post an estimated average price of €65,602/sqm.
Over ten years, the growth remains very clear. The estimated average price per square metre has risen from €40,599/sqm in 2016 to €57,569/sqm in 2025. In the resale market, the value of transactions also remains at historically high levels, with strong differences depending on property types and districts.
For a specific project (purchase, sale, investment), it is essential to rely on official IMSEE reports or a personalised study carried out by a professional such as Petrini Exclusive Real Estate.
New vs old: how the price per sqm in Monaco is structured
The Monegasque market is divided into two main categories: new (or very recent) builds and resales in the older market, with distinct price levels.
The new segment generally shows the highest prices per sqm. According to IMSEE, a sale corresponds to the first transfer of a property, under construction (VEFA) or after completion, in a building less than five years old. The number of sales therefore directly depends on the delivery of new housing and the marketing of ongoing projects.
In 2025, 103 new homes were delivered in the private sector, mainly in La Rousse and Moneghetti. These deliveries include Bay House / Testimonio 2 in La Rousse and Villa Ninetta in Moneghetti.
The new builds sales market remains very high-end. In 2025, Monaco recorded 64 sales for a total value of €2.61 billion. These 64 sales represented approximately €2.6 billion, illustrating the weight of very high-end projects in the annual statistics.
This premium is explained by the rarity of projects, ultra-luxury features, generous surfaces and integrated services (concierge, spa, swimming pools, tailor-made finishes).
Resales in the older market remain the majority in terms of transactions. In 2025, the resale market in Monaco recorded 429 transactions, marking a 17.5% increase in volume compared to the previous year, with a total amount reaching €3.25 billion.
There is an increased demand for family apartments and large surfaces. In 2025, more than eight out of ten sales concern properties with three bedrooms or more, and 35 out of 64 sales exceed €20 million.
In both segments, the price range per sqm depends heavily on the residence, the floor, the view (sea, port, rose garden, city) and the rarity of the type of property (studio, 1-bedroom, large 4-bedroom, penthouse, rooftop villa).
Price per sqm in Monaco by district: mapping values
Despite its very small area, Monaco shows significant differences in price per sqm from one district to another.
The narrowness of Monaco’s territory, land scarcity and international demand maintain upward pressure on real estate prices throughout the city.
The objective of this section is not to list fixed figures, but to explain the logic of valuation: proximity to the sea, panoramic views, quality of residences, neighborhood atmosphere (family, festive, shopping, residential).
This mapping will help you target areas in line with your budget, lifestyle and investment horizon.
Estimated average prices by district in 2025
District | Estimated average price 2025 |
|---|---|
Larvotto | €71,167/sqm |
Monte-Carlo | €54,009/sqm |
Fontvieille | €52,518/sqm |
La Condamine | €52,104/sqm |
La Rousse | €51,265/sqm |
Jardin Exotique | €45,168/sqm |
Les Moneghetti | €43,797/sqm |
Monte-Carlo & Carré d’Or: the heart of Monegasque luxury
Monte-Carlo, and in particular the Carré d’Or, represents the epicentre of Monegasque luxury: Casino Square, iconic hotels, high-fashion boutiques, Michelin-starred restaurants.
In 2025, Monte-Carlo posts an estimated average price of €54,009/sqm, up compared to 2024. The district remains one of the most sought-after in the Principality, especially for properties located in the most prestigious residences or in the immediate vicinity of the Carré d’Or.
Among the benchmark residences: Park Palace, Le Mirabeau, La Petite Afrique, 26 Carré d’Or, Sun Tower and One Monte-Carlo, all positioned in the ultra-premium segment.
Monte-Carlo also dominates the resale market. In 2025, the district recorded 164 resales, representing nearly two-fifths of the Principality's resales. This is its highest level since 2014. In terms of value, resales in Monte-Carlo exceeded the one billion euro threshold for the first time, reaching €1.13 billion.
Disparities within the same building can be significant: a high floor with a deep terrace and unobstructed sea views can cause the price per sqm to jump compared to a lower floor facing the street.
This sector is suitable for buyers looking for a "trophy asset" location and high liquidity upon resale to a wealthy international clientele.
Larvotto & Mareterra: the most exclusive seafront
Larvotto embodies the beach district, recently redesigned with a modern promenade, restaurants and very high standard residences.
In the Larvotto district, prices now exceed €70,000/sqm on average. In 2025, IMSEE estimates the average price of the district at €71,167/sqm, making it the most expensive area in Monaco.
Recent real estate projects in Monaco, such as Mareterra, Bay House or the ultra-high-end seafront developments, meet the requirements of an international clientele, with very high standing apartments and top-of-the-range services.
Larvotto also stands out in the resale market. In 2025, the district recorded only 13 resales, but for a total value of €851.9 million, driven by the arrival of recently built properties on the market.
The available supply there is extremely limited, which contributes to the scarcity and the maintenance of record prices.
This sector is aimed at buyers who place sea views and direct access to the coast at the top of their criteria.
Fontvieille: family district and marina
Fontvieille is a newer district, built on the sea, with a residential and family atmosphere. It includes its port, shopping centre and gardens, including the Princess Grace Rose Garden.
In 2025, Fontvieille posts an estimated average price of €52,518/sqm, up compared to 2024.
Residences with views over the port or the rose garden are particularly sought-after, with a higher price per sqm than buildings in the background.
This district offers a good balance between quality of life, local shops, access to schools and real estate products suitable for families (well-distributed 1, 2, 3-bedroom properties).
Fontvieille represents a preferred option for a peaceful primary or secondary residence, with very good long-term capital appreciation.
La Condamine & Port Hercule: village spirit and Grand Prix
La Condamine is the historic, commercial and lively district situated around Port Hercule, with a highly appreciated "village" feel.
In 2025, La Condamine registers an estimated average price of €52,104/sqm. The district remains sought after for its central location, its lively shopping scene and its direct proximity to the port.
Properties with a direct view of Port Hercule and the Monaco Grand Prix racetrack are highly prized by lovers of sporting and social events.
The diversity of the buildings (bourgeois buildings, modern residences, commercial streets) offers a wide range of properties: studios, 1-bedroom, family apartments, penthouses with port views.
The resale market is progressing strongly here. In 2025, La Condamine recorded 44 resales, i.e. 10 more than in 2024, for a total value of 244.1 million euros.
This district is undergoing a complete repositioning, with new projects and renovations gradually pulling prices upwards.
La Condamine is suitable for buyers looking for an active neighborhood life, in the immediate vicinity of shops and major Monegasque events.
La Rousse – Saint-Roman & Jardin Exotique: panoramas and contrasts
La Rousse – Saint-Roman is a residential area set on high ground, with several emblematic towers and residences offering spectacular sea views, particularly towards the east (Monte-Carlo Beach, Italy).
In 2025, La Rousse registers an estimated average price of €51,265/sqm. The district remains very active on the resale market, with 100 transactions recorded in 2025, placing it just behind Monte-Carlo in terms of volume.
La Rousse also benefits from the impact of recent developments, notably Bay House / Testimonio 2, which is one of the main new deliveries of 2025.
The Jardin Exotique and Moneghetti districts remain more affordable on average, while still staying within the very high standards of the Monegasque real estate market.
In 2025:
Jardin Exotique registers an estimated average price of €45,168/sqm;
Moneghetti registers an estimated average price of €43,797/sqm.
Jardin Exotique is nevertheless experiencing a strong growth in activity, with 41 resales in 2025, compared to 22 in 2024. The total value of resales there reached 246.7 million euros, a record level for the district.
These sectors can offer a slightly more accessible alternative than the Carré d'Or or Larvotto, while offering strong valuation potential thanks to the views and certain renovation projects.
They suit buyers prepared to prioritize views and space for a slightly more rational budget, while remaining in the international ultra-prime sector.
The criteria that make the price per sqm vary in Monaco
Beyond the district, many parameters influence the price per sqm of a property in Monaco.
The price per square meter varies considerably depending on the location, the type of property, the construction period, the condition of the residence and the characteristics specific to each apartment.
Main valuation criteria:
Panoramic sea view: commands the highest prices.
Port or Grand Prix view: significant premium in La Condamine.
Orientation and noise exposure: direct impact on value.
Interior volumes, terraces and outdoor spaces.
Number of parking spaces: very rare in the Principality.
Standing of the residence: recent construction or art deco, security, 24/7 concierge, swimming pool, spa, fitness room.
Condition of the property: renovated with high-end finishes vs to be renovated.
Construction period: recent properties often benefit from a significant premium.
In 2025, housing built between 2020 and 2029 registers an estimated average price of €65,602/sqm. By way of comparison, the oldest buildings, built between 1880 and 1939, are at a significantly lower level in the IMSEE model.
In Monaco, every square meter is different: the valuation must always be individualized, based on a visit and a detailed analysis of recent comparables.
Why prices per sqm in Monaco remain high and attractive
Despite the continuous rise over the last ten years, demand for Monaco does not weaken, supporting exceptionally high prices per sqm.
Market fundamentals:
political stability;
exemplary security;
quality of infrastructure;
Mediterranean climate and exceptional living environment;
prestigious international events (Grand Prix, Yacht Show, Monte-Carlo Masters);
tax and regulatory attractiveness for residents and certain economic activities;
structural land scarcity: limited territory, high built density, rare sea extension projects.
As of December 31, 2025, the Principality of Monaco has 1,473 buildings, for a cumulative useful floor area of 3.4 million sqm. Housing represents 60.2% of this area, or approximately 2.0 million sqm. More than 40% of the residential area is concentrated in the Monte-Carlo and La Rousse districts.
The luxury real estate market in Monaco is characterized by strong international demand, attracting wealthy clients looking for prestigious properties, often due to the economic stability and tax attractiveness of the Principality.
The real estate market in Monaco has shown exceptional resilience, even during financial or health crises, attracting a wealthy clientele who increasingly choose the Principality as their place of residence.
Monaco is perceived as a stable and secure investment in the face of global economic fluctuations.
Examples of properties and price ranges per sqm
These examples are illustrative and aim to show valuation logics, without constituting commercial offers or promises of fixed prices.
Renovated studio or 1-bedroom apartment in La Rousse – Saint-Roman or Fontvieille, partial sea view, in a residence with concierge and possibly a swimming pool: positioning below the Carré d'Or or Larvotto, but already in the very high-end bracket.
2 or 3-room apartment in a luxury residence in Fontvieille or La Condamine, high floor, rose garden or port view: combination of reasonable space + premium location.
Large family apartment (3 or 4 bedrooms) or penthouse in the Carré d'Or or Larvotto: panoramic sea view, large terrace, integrated hotel services, ultra-luxury segment.
In 2025, the new sales market clearly shows this polarization: 35 sales out of 64 exceed 20 million euros, and 5 transactions exceed 100 million euros.
On the resale market, 22 transactions exceed 20 million euros in 2025, a level never reached since the creation of the observatory.
These examples show that the price per sqm in Monaco depends on a combination of criteria, and that only an expert opinion on a specific property can provide a realistic value.
How to estimate a property in Monaco at the fair price per sqm
In such a segmented and tight market, an approximate estimation based on a simple "average price" per district can be very misleading.
Comparative market analysis is based on the study of recent sales in the same building or nearby residences, taking into account the floor, the view, the condition of the property and outdoor spaces.
Knowledge of the specificities of Monegasque law, local co-ownerships and negotiation practices is essential to achieve a realistic and defensible price.
The IMSEE also points out that published prices correspond to the amounts declared in notarized deeds, excluding agency fees, notary fees, registration fees and transcription fees. The surface area taken into account may include balconies, loggias, roof terraces and gardens according to specific rules, which confirms the importance of an accurate analysis.
Using an expert partner based in the Principality, capable of providing a well-founded valuation and advice on how to enhance your property (renovation, home staging, documentation, targeting international clients), makes all the difference.
To make your project a reality, ask for a personalized valuation or a confidential appointment to analyze your real estate portfolio in Monaco.
FAQ – Price per sqm Monaco
Will prices per sqm in Monaco continue to rise?
Future developments depend on many factors (international economic situation, interest rates, construction policy, taxation), but Monaco's structural fundamentals (land scarcity, international demand) remain solid.
Historically, prices have tended to rise over the long term, with occasional phases of stabilization. In 2025, the average price per sqm remains at €57,569/sqm, despite a slight decline compared to the record of 2024.
The most prudent approach is to think long-term, especially for a residential purchase. For an investment, get professional support to analyze the right timing to enter the market.
Can you still find "affordable" properties in Monaco?
The notion of "affordable" is relative in Monaco: even the most accessible properties remain far above the averages of other capitals like New York or Paris.
Certain studios, 1-bedroom apartments or properties to renovate in residences away from the seafront can offer a more reasonable entry point, particularly in certain sectors of La Rousse, Jardin Exotique or La Condamine.
In 2025, Jardin Exotique and Moneghetti remain the most moderate districts on average, with estimated prices of €45,168/sqm and €43,797/sqm.
Clearly define your budget and your priorities (size, view, location) to optimize the quality/price ratio.
What budget should be planned for ancillary costs when buying in Monaco?
A purchase in Monaco involves, in addition to the price per sqm, acquisition costs (registration fees or VAT depending on the case), notary fees and possibly agency fees.
It is essential to have these amounts calculated prior to any offer, in order to have a realistic global budget.
Let MyCrown Estates support you in precisely simulating these costs.
Read also: Buy an apartment in Monaco · Real estate in Larvotto · Value your property
