Price per m² in Monaco in 2025: analysis, trends and district comparison
In 2025 the average price per square metre in Monaco stands at around €52,000. This exceptional level places the Principality at the top of the world rankings and remains broadly stable compared with 2024. However, behind this overall figure lies a more nuanced reality: prices vary widely depending on the district, the residence and the scarcity of available properties.
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With more than forty years’ experience of the Monegasque property market, our agency monitors and analyses price changes on an ongoing basis. Based on our own internal records and the official data of the IMSEE, this study gives you a complete picture: the evolution of prices since 2006, analysis by district and trends for 2025.
The table below traces the evolution of average prices per square metre in Monaco since 2006. It shows the 44 percent rise over ten years and explains why, despite an unstable international environment, the Monegasque market remains a benchmark real‑estate investment.
This stability strengthens the appeal of apartments for sale in Monaco, particularly in emblematic districts such as Monte‑Carlo, Fontvieille or La Condamine, where supply remains extremely limited.
Average price per m² in Monaco (2006–2025)
Data extracted and analysed by Petrini Exclusive Real Estate Monaco from IMSEE reports.
Visualisation produced by Petrini Exclusive Real Estate Monaco from official IMSEE (Monégasque Institute of Statistics and Economic Studies) data.
The 2025 value is an internal projection based on the observed trend. Please cite Petrini Exclusive Real Estate Monaco for any use or sharing.
In brief
Price per m² Monaco 2025 – key points of the sales market
Data Petrini Exclusive Real Estate Monaco · consolidated internal analyses with IMSEE statistics
A quick overview of the indicators that structure buying in 2025: average price level, 10‑year dynamics, annual trend and ultra‑prime zones.
52 000 €/m²
Average price per m² in 2025 (IMSEE + internal analyses)
+44 % / 10 years
Price increase over the recent decade
Stability ↗
2025 trend: stable to slightly rising
60–130 k€/m²
Levels reached in ultra‑prime areas (Carré d’Or, Larvotto)
A symbolic milestone reached: €50 000 per m² in Monaco
The symbolic threshold of €50 000 per square metre was crossed in Monaco in 2021, confirming the Principality as the world’s most expensive and most exclusive real‑estate market. Since then, prices have continued to rise, driven by constant international demand and the launch of new prestige real‑estate projects. Our agency, Petrini Exclusive Real Estate, regularly shares analyses of the Monegasque real‑estate market; follow our page to receive statistics from our own activity.
As a result, Monaco benefits from a stable and ultra‑premium real‑estate market that is regarded as a safe haven. Even during financial or health crises, the Monegasque market has shown exceptional resilience, continually attracting a wealthy clientele known as Ultra High Net Worth Individuals who are increasingly choosing Monaco.
Each year, the IMSEE (Monégasque Institute of Statistics and Economic Studies) publishes its official real‑estate observatory, recording sales of new homes and resales on the secondary market. These statistics confirm the long‑term upward trend and reinforce Monaco’s status as a world‑class real‑estate hub.
Average prices of new apartments in Monaco (2021–2025)
In the new‑build sector: exceptional transactions in 2024
In 2025, the new‑build market in Monaco remains the most exclusive in the world. Average prices per square metre there are well above those of the resale market, with marked differences depending on the project and the type of property.
Internationally, Monaco is ranked the most expensive city in the world in 2025, with an estimate of 38 800 USD per m² (World’s Most Expensive Cities Report, Henley & Partners). But on the ground, official IMSEE data show an average closer to €52 000 per m² (~ 56 000 USD per m²), and some prestigious districts such as the Carré d’Or or the Larvotto exceed even these levels.
Recent market developments illustrate this exceptional dynamic:
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2021: average price of a new apartment around €10.2 million (median: €6.5 million).
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2022: increase of more than 30 percent, average €13.5 million, driven by high‑end family properties.
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2023: only 28 sales, but several exceptional penthouses and villas pushed the average up to nearly €37 million.
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2024: delivery of part of Mareterra, with 101 new‑build sales. The average price reaches €36.4 million (median: €22.1 million), and more than half the transactions exceed €20 million. For comparison, in 2013 the average was “only” €9 million, a fourfold increase in ten years.
In 2025, the segmentation remains marked:
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Studios around €2 million.
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Four‑room apartments: over €11 million on average.
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Five‑room apartments and more: around €18.8 million.
These figures show that the average price per square metre in Monaco should not be read as a simple statistical datum: it reflects a profoundly heterogeneous market, ranging from small lots that are already exceptional to prestige villas and penthouses reserved for an ultra‑wealthy international clientele.
In the resale market: steady progression
The resale market in Monaco is characterised by higher volumes than the new‑build sector and more regular trends. The median price of an existing apartment has been between €3.3 million and €3.6 million in recent years. In other words, one transaction out of two already exceeds this level, proving the predominance of prestige properties. In 2021, the median was around €3.2 million; it reached €3.6 million in 2024, confirming continuous progression.
In terms of the average price, the €6 million mark was passed in 2024. After €5.0 million in 2021, the average rose to €5.4 million in 2022, then €5.7 million in 2023. This increase of around 20 percent since 2019 has taken the resale market to a record level, although it remains below the new‑build sector, which is driven by ultra‑luxurious programmes.
The majority of resales nevertheless remain below €5 million: in 2024, almost 65 percent of sales (239 properties) were below this threshold. But the share of very high‑end transactions is rising sharply. In 2024, nineteen resales exceeded €20 million, compared with only ten in 2015. Ten years earlier, 85 percent of resales involved properties priced under €5 million; today that figure is just 65 percent. This shift reflects both the general rise in prices and the scarcity of “small” apartments.
The breakdown by type highlights two distinct dynamics. In the new‑build sector, since 2024 sales have been dominated by large family apartments (four rooms and more), particularly at Mareterra, whereas in 2021 three‑room apartments still accounted for almost half of sales. In the resale market, most transactions still concern studios, one‑ and two‑bedroom apartments, which accounted for around 80 percent of resales in 2021 and still 78 percent in 2022. But demand for larger surfaces is increasing: in 2024, thirty‑four apartments of five rooms or more changed hands, compared with only fourteen in 2015.
In summary, the resale market in Monaco is evolving steadily but firmly upwards. Small units still abound in resales, but demand for spacious, family‑oriented residences is growing strongly, confirming that Monaco now attracts both buyers seeking prestigious pieds‑à‑terre and families looking for a high‑end primary residence.
Prices per square metre by district of Monaco
Although Monaco is a small territory, not all its districts are equal in terms of property prices. Some traditionally sought‑after areas display values per square metre well above those of quieter or more outlying zones (in relative terms, as differences remain small given the size of the city). Here is an overview of the average price per square metre by district in the Principality, based on the latest data available:
Price per square metre by district – Monaco (2024)
Source: Petrini Exclusive Real Estate Monaco · Last updated: 03/09/2025
Reference by district
| District | Average price (€ / m²) | 1‑year change | Notes |
|---|
Consolidated internal data and observed resales (2024). Please mention Petrini Exclusive Real Estate Monaco and link back to this page when quoting. Journalists: contact us for a detailed analysis.
- Monte‑Carlo (Carré d’Or): In 2024 the average price is around €54 000 per m². However, in emblematic residences such as Mirabeau, Floralies or Park Palace, transactions can rise to €100 000 per m². International demand maintains strong pressure there, limiting any correction.
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Larvotto & Mareterra: a rare and exclusive district limited to a few buildings (Bay House, 21 Princesse Grace, La Réserve, Mareterra). In 2024, some exceptional sales exceeded €120 000 per m². The regular market is more between €50 000 and €65 000 per m², but the supply is virtually non‑existent, which keeps prices at record levels.
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Fontvieille: Residential and appreciated by families, the district experienced a correction in 2024 (≈ €53 000 per m²). But in 2025, our sales at Petrini Exclusive are already concluding at around €60 000 per m². Proof of its strength and attractiveness.
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La Condamine: Formerly more accessible, it now ranks among the top three at ≈ €54 000 per m². Its central location and recent renovations make it a district in full repositioning, considered a good investment.
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La Rousse – Saint‑Roman: Stabilised around €50 000 per m², with significant variations depending on the residence: Tour Odéon, Parc Saint‑Roman, Château Périgord or Annonciade trade much higher. The new projects expected in 2025 should reinforce the upward momentum.
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Jardin Exotique & Moneghetti: L’Exotique effect: an average above €49 000 per m². The Moneghetti, more affordable at €42 000 per m², benefit from renovations and growing demand.
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Monaco‑Ville (Le Rocher): An atypical segment, around €35 000–40 000 per m². Few transactions, but each property has strong heritage value.
Summary of prices per square metre by district in Monaco in 2025
- Three dominant districts: Monte‑Carlo (Carré d'Or), Fontvieille, Condamine (≈ €54 000 per m²)
- Absolute excellence: Carré d'Or, Larvotto & Mareterra (up to €120 000 per m²)
Each district confirms the scarcity and global value of Monegasque real estate: no square metre there is “standard”.
- More accessible: La Rousse, Jardin Exotique, Moneghetti (€42 000–50 000 per m²)
- Heritage segment: Monaco‑Ville (€35 000–40 000 per m²)
A dynamic real‑estate market with record prices per square metre
The table illustrates that prices per square metre in Monaco are not merely holding steady: they are rising despite variable sales volumes. Even when the number of transactions falls, as it did in 2023, the average price is around €52 000 per m², confirming the strength of the market.
The IMSEE distinguishes two segments:
- new builds, the first sale of a newly built dwelling or one sold off‑plan,
- resales, dwellings already existing or sold more than five years after their completion.
This distinction is essential because it explains the annual variations. In 2021, around 440 transactions took place despite the pandemic, showing the stability of the sector. In 2022, the arrival of the 45G and L’Exotique programmes caused a spectacular surge, with a record €3.54 billion in sales. In 2023, the volume slipped slightly to 416 sales, but the price per m² continued to climb.
Finally, 2024 marks a historic turning point: thanks to the delivery of Mareterra, 101 new‑build sales were recorded, bringing the total number of transactions to 466 for nearly €5.9 billion. The average price of resales reached €51 967 per m², surpassing its previous peak.
In summary, these data show that despite a very high price per square metre, buyers remain present. Large‑scale new projects like Mareterra stimulate the market and attract investors who are willing to pay top prices to live in the Principality.
Evolution over ten years: trend and new projects
In a little over a decade, Monegasque real estate has experienced spectacular growth: from nearly €30 000 per m² in 2012 to more than €52 000 in 2024 according to the IMSEE. Despite a few periods of temporary stabilisation, the underlying trend has remained upward, driven by a structurally tight market. In 2025, this dynamic is confirmed: the rental market, now saturated, restores an advantage to sales, which are regaining volume. Prices per m² remain in the €52 000 to €54 000 range on average, with notable differences depending on the district. Monte‑Carlo, Fontvieille and the Condamine remain around this threshold, while the Larvotto and Mareterra are the exception, with sales sometimes exceeding €100 000 per m².
The reasons for this strength are manifold: tax and security attractiveness, international prestige, climate and quality of life, but above all an extreme land constraint. In Monaco, every new square metre built is immediately absorbed by demand. Extension and renovation projects such as Mareterra, Bay House or the modernisation of Fontvieille further reinforce this exceptional market positioning. International investors see it as a safe haven, at a time when few places offer such stability and prestige.
Barring a major macroeconomic reversal, 2026 should prolong this trajectory. The arrival of new ultra‑luxury deliveries and continued investment in local infrastructure should maintain, or even accentuate, this upward pressure. More than a statistic, the price per square metre in Monaco reflects the reality of a unique micro‑market where luxury, scarcity and security dictate values on a lasting basis. For buyers as well as investors, the Principality thus remains one of the most solid and exclusive markets on the planet.
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