Discover the Luxury Homes in Monaco: A Haven of Elegance and Sophistication
Publié le 07/06/2023
Temps de lecture
18
min.
Luxury and Lifestyle
Monaco real estate traded at an estimated €57,569 per square metre in 2025, across 493 transactions representing a combined 5.9 billion euros, according to the IMSEE Observatoire de l’Immobilier (2025 edition, published February 2026). On our own reading of the offers published on the market, apartments for sale in the Principality were advertised at an average of €59,942 per square metre in July 2026 (Petrini Exclusive Real Estate data).
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Monaco is not a small version of a large market. It is a market where the stock is finite, where part of the housing is state-owned or reserved for Monegasque nationals and never reaches the open market, and where no public statistics exist on rents at all. Two consequences follow, and they explain most of what surprises international buyers. Supply, not demand, sets the tempo. And the only continuous readings of this market come from those who work in it every day, which is why we publish our own price series alongside the official figures.
This page is the overview of Monaco real estate. It answers the questions a buyer asks first, then sends each one to the page that develops it in full: prices, districts, residences, the purchase itself, and the choice between buying and renting. A market where one in three residents is a millionaire deserves precise answers rather than general ones.
Key Takeaways: Monaco Real Estate
Seven facts summarise Monaco real estate as of September 2026. Each one stands on its own, with its source and its reference period.
- Recorded price. A Monaco property transaction was estimated at €57,569 per square metre in 2025, down 1.4 % on 2024 (IMSEE, Observatoire de l’Immobilier, 2025 edition).
- Asking price. Apartments advertised for sale in Monaco were listed at an average of €59,942 per square metre in July 2026, against €25,814 per square metre in January 2008 (Petrini Exclusive Real Estate data).
- Market volume. Monaco recorded 493 property transactions in 2025, up 5.8 % on 2024, for a combined 5.9 billion euros (IMSEE, 2025 edition).
- Transaction size. The average resale in Monaco reached €7.6 million in 2025 and the median €4.0 million, while five individual transactions exceeded 100 million euros (IMSEE, 2025 edition).
- Eligibility. Monaco applies no nationality condition to the purchase of a private-sector home, and residence in the Principality is a separate procedure decided by the Monegasque authorities alone.
- Scarcity. Monaco delivered 103 new homes in 2025, after 158 in 2024 and none at all in 2023 (IMSEE, 2025 edition).
- Renting. Apartments advertised to let in Monaco were asking €130.19 per square metre per month in July 2026, and no public statistics on Monegasque rents exist at all (Petrini Exclusive Real Estate data).
Strategic note. Read the two price series separately. IMSEE publishes recorded prices, drawn from signed deeds and released once a year. Our own readings track asking prices, month by month since January 2008. A district can look expensive on one series and reasonable on the other, and only a property-by-property valuation settles the question for a specific apartment.
How much Monaco real estate costs overall
Monaco real estate cost an estimated €57,569 per square metre on recorded 2025 transactions, and is advertised at €59,942 per square metre across the Principality in July 2026. Everything below them varies enormously: by district, by building, by floor and by view.
Monaco real estate at a glance
Whole-Principality figures only. Recorded values come from IMSEE for the 2025 calendar year; asking values are our own market readings for July 2026.
| Indicator | Value | Source and period |
|---|---|---|
| Recorded price per square metre | €57,569 | IMSEE, 2025 |
| Asking price per square metre | €59,942 | Petrini readings, July 2026 |
| Transactions in the year | 493 | IMSEE, 2025 |
| Average resale price | €7.6 million | IMSEE, 2025 |
| Asking rent per square metre per month | €130.19 | Petrini readings, July 2026 |
Table produced by Petrini Exclusive Real Estate Monaco. Methodology: IMSEE estimates its price per square metre by linear regression on sales and resales of known surface, villas and Monaco-Ville excluded from the model, and its published amounts exclude agency fees, notary fees, registration duties and transcription fees. Our own figures are asking prices, read monthly from the offers published on the Monegasque market since January 2008. Asking prices are not signed prices.
Estimate, not a valuation. These are whole-market averages. They may not reflect the reality of a specific property: floor, orientation, sea view, terrace surface, condition and building all move the price materially. Every apartment is valued individually by a professional.
District-level figures are a subject of their own, and they change every year. The complete breakdown, district by district, with the one-year variation for each, sits on our reference page on the price per square metre in Monaco, where it is updated every year.
The very top of the market is another subject again. Where a single apartment passes the hundred million euro mark, price per square metre stops being the right unit, and our study of the most expensive apartment in the world treats that segment on its own terms.
What we observe on negotiation. Buyers often arrive expecting to take around ten per cent off the asking price. In Monaco the gap is usually narrower than that, and in a significant share of cases there is no room to negotiate at all: when the apartment is the only one of its kind available in the building, the asking price is the price. The margin depends on the property and on the moment, never on a rule of thumb (Petrini Exclusive Real Estate observations).
Who is allowed to buy in Monaco
Anyone. Monaco applies no nationality condition to the purchase of a private-sector home. A foreign national may buy an apartment in the Principality without holding a Monegasque residence card and without being established there.
Buying and living in Monaco are two separate procedures, decided by two different authorities. The purchase is a private transaction, signed before a Monegasque notary. Residence is administrative: anyone wishing to stay more than three months, or to settle after buying, applies to the Monegasque authorities for a long-stay permit, and the conditions of that application are set out in our guide to moving to Monaco. The practical consequence matters more than the principle: an agency prepares, documents and presents a file, and never decides its outcome. That decision belongs to the Monegasque administration alone.
One boundary is specific to the Principality and regularly missed by international buyers. Part of the housing stock is state-owned or reserved for Monegasque nationals and is not part of the open market. The Odeon Tower shows the line inside a single address: of its 259 apartments, 177 are reserved for Monegasque nationals and 82 belong to the private segment. IMSEE draws the same boundary in its statistics, which cover the private residential sector only.
The buyer’s file itself is standard for a regulated European market. A Monegasque estate agent operates under professional licence and applies anti-money-laundering obligations: identification of the buyer and of any company holding the property, verification of the origin of funds, and a documented file. Preparing it early shortens the transaction; discovering it at the signing stage delays it.
Which district suits which buyer
Monaco is divided into districts, and the choice between them is a choice of daily life rather than a choice of prestige. Each one has its own page, with its own prices, buildings and available properties.
The Carré d’Or is the few streets around the Place du Casino, and it is the address buyers name before they name a budget. Turnover is low and waiting lists are long, which is why buyers who want that exact perimeter track it continuously rather than search on demand. Our Carré d’Or district page sets out what is available there and at what level.
The Larvotto is the seafront, and it has been the story of the last three years. IMSEE recorded 13 resales there in 2025 for 851.9 million euros, nearly five times the 2024 amount, and the district was the first to pass €70,000 per square metre on recorded prices. Its buildings and its beachfront are presented on the Larvotto district page.
Mareterra, the seafront extension delivered in 2024 with 130 new homes, is a market of its own rather than a part of the Larvotto, and our page on the most expensive neighbourhood in the world covers it separately.
Monte-Carlo is the deepest market of the Principality: 164 resales in 2025, 38.2 % of the national total, for 1.13 billion euros (IMSEE, 2025 edition). Depth means choice and comparables, which is exactly what a negotiation needs, and the Monte-Carlo district page lists what is currently available there.
La Rousse - Saint Roman, on the eastern slope, mixes large 1970s and 1980s towers with recent programmes such as Bay House, delivered in 2025. It is the district of long views and of the Odeon Tower, and it is presented on the La Rousse - Saint Roman district page.
Fontvieille, built on reclaimed land, is the family and logistics answer: newer buildings, a marina, schools and the stadium within walking distance. Buyers comparing it with the seafront will find its own price level and its residences on the Fontvieille district page.
The Port Hercule and La Condamine put the quays, the daily market and the Grand Prix circuit at street level, and the Port Hercule district page covers that waterfront. The Jardin Exotique and Les Moneghetti remain the accessible entry points to the Principality, on the heights, with the widest gap to the seafront. Monaco-Ville, the historic Rock, trades rarely: eight resales in the whole of 2025.
New-build supply is the scarcest variable of all. Monaco delivered 103 new homes in 2025, after 158 in 2024 and none at all in 2023 (IMSEE, 2025 edition). That is why buyers who want new-build in Monaco decide on plans, years before delivery.
The residences that set the tone
Six addresses concentrate a large part of international demand. Four of them can be bought and two cannot, and that distinction is worth more to a buyer than any description of their services. Park Palace, the Odeon Tower, Sun Tower and Les Floralies are among the most sought-after addresses on the sale market. One Monte Carlo and Le Balmoral are rental residences: their apartments are let, and they do not come to the sale market. Buyers usually discover that late, after weeks spent chasing an address that was never available (Petrini Exclusive Real Estate observations).
Park Palace, when a building works like a district
Park Palace holds 243 apartments over 14 floors at 6 impasse de la Fontaine, in the Carré d’Or, overlooking the Casino gardens. Its indoor pool, sauna, fitness room, thirty or so commercial premises and roughly 500 parking spaces make it a small district in itself. For a buyer, that scale means real internal comparables: several apartments of the same type change hands there, which is rare in Monaco. The full profile is on our Park Palace building page, with what is currently available.
Odeon Tower, two markets in one address
The Odeon Tower rises 170 metres over 49 floors at 36 avenue de l’Annonciade, in La Rousse - Saint Roman, and was delivered in 2015. Of its 259 apartments, 177 are reserved for Monegasque nationals and 82 form the private segment, which makes it the best illustration of the boundary described above. Its 1,800 square metre spa, indoor pool and 24/7 concierge set the service standard other buildings are measured against, as detailed on our Tour Odéon page.
Sun Tower, what a view is worth
Sun Tower rises over 22 floors at 7 avenue Princesse Alice, in the Carré d’Or, with concierge service and parking access. Height is its variable: within the same building, the upper floors and the lower floors do not belong to the same market. That vertical spread is the single most misunderstood factor in Monegasque valuation, and our Sun Tower building page sets it out floor by floor.
Les Floralies, when the address carries the price
Les Floralies occupies nine floors at 1-5 avenue de Grande-Bretagne, in the Carré d’Or, with 24-hour concierge service and parking access. It is one of the addresses where a modest surface still commands a Carré d’Or price, which is the clearest proof that location, not size, sets the price per square metre in Monaco. Our Les Floralies building page gives the detail.
One Monte Carlo, an address that is let and not sold
One Monte Carlo was delivered in 2019 on the Place du Casino and counts 37 apartments over 9 floors, designed by Agence 4BI & Associés with Bruno Moinard and Claire Bétaille. It is a rental residence: its apartments are let and do not reach the sale market, so a buyer who has this address in mind is looking at a tenancy, not at a purchase. Services include a pool, a spa, 24-hour valet parking and room service, and our One Monte Carlo building page describes them in full.
Le Balmoral, the other Carré d’Or address you rent
Le Balmoral stands at 12 avenue de la Costa, in the Carré d’Or, and dates from 2012. It is classified in the very high standing category and offers a pool, a spa, a fitness area and concierge service. Like One Monte Carlo, it operates as a rental residence, which is why it never appears in sale statistics despite being asked for by name. Our Residence Balmoral page covers the apartments and the services.
What happens between the offer and the keys
Every property sale in Monaco is signed before a Monegasque notary, a public and ministerial officer responsible for drafting, authenticating, registering and preserving deeds that carry the force of law. The notary is not optional and not interchangeable with a lawyer: the transaction is governed by Monegasque law from end to end.
The sequence is stable and rarely varies:
- Selection and visits, on a written brief covering surface, floor, orientation, services and budget.
- Written offer, then acceptance by the seller.
- Preliminary agreement, with a deposit held by the notary.
- Notarial checks: title, condominium status, charges, planning and building documents, anti-money-laundering file.
- Deed of sale before the notary, payment, then registration and transcription of the deed.
Each of those steps has its own documents, its own delays and its own failure modes, and our guide on becoming a homeowner in Monaco details them step by step.
How long it actually takes. Faster than most international buyers expect. Once the parties are aligned, the sale can be set in motion immediately, and completion within a month is the normal outcome rather than the exception. What takes time is bringing the parties together, not the Monegasque procedure itself (Petrini Exclusive Real Estate observations).
What a purchase costs on top of the price
A resale bought by an individual or by a Monegasque civil company carries 4.75 per cent of registration duties and 1.5 per cent of notary fees, so 6.25 per cent on top of the price. A new-build carries 1 per cent of registration duties, so 2.5 per cent in total. A purchase made through a foreign or offshore company carries 10 per cent, so 11.5 per cent in total. A headline price per square metre is never an all-in budget.
Purchase costs in Monaco, by type of buyer
Rates applied on the price of the property. Agency fees are shown separately because they are due by the buyer in addition.
| Situation | Registration duties | Notary fees | Total on top of the price |
|---|---|---|---|
| Resale, individual or Monegasque civil company | 4.75 % | 1.5 % | 6.25 % |
| New-build | 1 % | 1.5 % | 2.5 % |
| Purchase through a foreign or offshore company | 10 % | 1.5 % | 11.5 % |
Table produced by Petrini Exclusive Real Estate Monaco. Agency fees: 3 per cent excluding tax, that is 3.6 per cent including the 20 per cent VAT. Notary file costs: around 500 euros. Reservation deposit at the preliminary agreement: 10 per cent of the price, held in the notary’s escrow account and credited against the price, not an additional cost.
Framework, not a quotation. These rates are the ones that apply in the standard cases described above. The treatment of a given transaction depends on how the property is held and on the buyer’s own situation, and only the notary in charge of the deed can confirm the amount due.
This matters when reading any market figure. IMSEE states it explicitly in its methodology: the amounts it publishes are transaction amounts, and they exclude agency fees, notary fees, registration duties and transcription fees. The published price of a market is never what a buyer actually pays.
The detail of each line, case by case and with a worked example, is set out on our page on purchase costs in Monaco, with the amounts due at each stage.
Our notary fees simulator returns the amount due for a given price, which is the practical way to size a budget before making an offer.
The wider sequence, from the brief to the deed, is covered in our Monaco buying guide, together with the documents required at each step.
On taxation, the Monegasque regime is one of the reasons this market exists in its current form, particularly regarding income tax and inheritance. It is also the area where generic advice is worth nothing: the treatment depends on nationality, on tax residence and on the holding structure. We state the framework and we send buyers to their notary and their tax adviser for their own position. That is a limit of our role, not an omission.
This is where the choice of adviser decides the outcome. Petrini Exclusive Real Estate Monaco reads the Monegasque market building by building, draws on more than forty years of market archives kept by Eugenia Petrini, and has recorded asking prices in the Principality month by month since January 2008: eighteen years of continuous series on sales and rentals, district by district and property type by property type. That memory is what allows a valuation to rest on real comparables inside the same building rather than on a district average, and what allows a buyer to know whether an asking price is defensible before making an offer.
Buying or renting: how to decide
Renting in Monaco was advertised at €130.19 per square metre per month across the Principality in July 2026, which corresponds to roughly €13,000 a month for a 100 square metre apartment (Petrini Exclusive Real Estate data). Buying, on the same readings and the same month, was advertised at €59,942 per square metre.
Renting is the right move in three situations: while a residence application is being examined, while a family tests a district before committing, and when the horizon is shorter than the transaction and resale cycle. Buying becomes the better option when the stay is durable, when the household wants a specific address that only comes up for sale, or when the asset is meant to be held across generations. The documents a Monegasque landlord expects, and the way applications are ranked in a market where demand exceeds supply, are set out in our Monaco rental guide, which also covers the guarantees expected.
One structural point deserves attention, because it explains why this page publishes its own rental figure at all. IMSEE covers sales and resales of private homes only and publishes no rental data whatsoever. Rent levels in Monaco are therefore documented by market readings rather than by official statistics.
The budget question that follows, how much income a household actually needs to settle in the Principality, is answered on our page on the minimum needed to live in Monaco, figures included.
Monaco real estate: frequently asked questions
- How much does property cost in Monaco?
Monaco property was estimated at €57,569 per square metre on recorded 2025 transactions (IMSEE, Observatoire de l’Immobilier 2025 edition). Apartments advertised for sale asked an average of €59,942 per square metre in July 2026 (Petrini Exclusive Real Estate data). Asking prices and recorded prices are two different measures and should never be mixed. - Can foreigners buy real estate in Monaco?
Yes. Monaco applies no nationality condition to the purchase of a private-sector home. A foreign national may buy an apartment in the Principality without holding a Monegasque residence card. The transaction is signed before a Monegasque notary, and the buyer provides a documented identification and origin-of-funds file. - Do you need to be a resident to buy in Monaco?
No. Buying and residing are two separate procedures. The purchase is a private transaction before a notary; residence requires a long-stay permit applied for from the Monegasque authorities, which alone decide the outcome. Petrini Exclusive Real Estate Monaco prepares and presents the file and never decides on it. - What fees and taxes apply when buying in Monaco?
Three categories sit on top of the price: notarial costs including registration and transcription duties, agency fees, and the buyer’s own advisers where a company holds the asset. IMSEE transaction amounts exclude all of these. The applicable rates depend on the holding structure and are confirmed by the notary and the Direction des Services Fiscaux. - Which district of Monaco is the most expensive?
The Carré d’Or and the Larvotto lead the Monegasque market. On recorded 2025 prices, the Larvotto was the first district to pass the €70,000 per square metre mark (IMSEE, 2025 edition). The full district-by-district ranking, with the variation for each, is published on our price per square metre page.
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