Residential property

What is the average price per square meter for residential properties in Monaco, and how does it compare to other major cities around the world?

It is in this context that the average price per square meter has reached a new record in Monaco, rising from 47,619€ in 2020 to 51,912€ in 2021. That is an increase of 9%.
The introduction of new residential developments and the rise of high-end amenities have contributed to the upward trend, along with the principality’s reputation as a tax haven and a desirable location for wealthy individuals and businesses.
Despite occasional fluctuations in the global economy, the real estate market in Monaco has remained resilient and continues to attract investors and buyers from around the world. As a result, the outlook for the future of Monaco’s real estate market remains positive, albeit with ongoing efforts to balance the need for growth with the preservation of the principality’s unique character and charm.

Residential properties in Monaco are among the most expensive in the world, with an average price per square meter of about €55,000 to €65,000 (roughly $60,000 to $70,000 USD). This is significantly higher than the average price per square meter in other major cities like London (€26,000 to €45,000), New York City (€19,000 to €42,000), and Paris (€25,000 to €40,000).