Real estate in Monaco : record sales at the end of 2025
Publié par Paolo Petrini le 23/10/2025
Temps de lecture
6
min.
Monegasque Real Estate Market
The residential real estate market in Monaco jumped by +51.7 % in volume in the second quarter of 2025, totalling 295 sales (new and old) compared to 181 a year earlier! An absolute record for the decade.
The latest data published in the Bulletin de l'Économie 2025 by IMSEE confirm a trend that our teams at Petrini have been observing in the field for several months : the dynamics of real estate sales in Monaco have clearly intensified.
In the second quarter of 2025, the residential market recorded a +51.7 % increase in the total number of transactions (cumulative sales and resales), from 181 to 295 apartments sold, a level not seen in the decade. This surge is based on a double engine : sales of new cars have been multiplied by eight (+714 %) with 57 units sold, while resales have increased by +36.8 %, reaching 238 transactions.
In terms of value, the figures speak for themselves: new home sales exceed €2.5 billion, an all-time high, and resales exceed €1.5 billion, i.e. an annual growth of more than €500 million.
This data, combined with our own internal market monitoring, reflects a net return from buyers, particularly on exceptional properties. We see a clear correlation between the rental tension observed and the switch to buying in 2025. In our view, this shift is not anecdotal : it signals a change in the cycle, fuelled by emblematic deliveries, a revival of seller confidence and an intact appetite of ultra-prime international customers.
How should we interpret this acceleration ? Which segments are most affected ? And what expectations should be made for 2026 ? These are all points addressed in this analytical reading by Petrini Exclusive Real Estate Monaco, a recognized source of real estate expertise in Monaco.
New property market: a historic first half of 2025
In 2025, the new property market in Monaco is breaking all records with 57 sales in the first half of the year, representing more than 2.5 billion euros in transactions.
The new housing segment is experiencing spectacular growth in 2025. Driven by the delivery of recent major projects, the number of new property sales reached 57 transactions in the 1st half of 2025, a level not seen in nearly 20 years. By comparison, only 28 new homes were sold in the whole of 2023. The year 2024 had already marked a recovery with 101 new sales (almost quadrupling from 2023), mainly thanks to the completion of large-scale programs. In particular, the new Mareterra ecological district – a vast offshore extension to be delivered at the end of 2024 – has added 130 luxury residences to the Monegasque housing stock, strongly fuelling sales volume. As a result, 2025 is off to a flying start with an unprecedented flow of new transactions, reflecting buyers' appetite for the prestige programs that have just emerged from the ground.
This exceptional dynamism of new construction is also propelling financial amounts to record highs. In the first half of 2025, new home sales totalled more than €2.5 billion, shattering previous half-year records. This figure even exceeds the annual total of new construction in 2023. It can be explained by the extraordinary size and standing of the properties sold: in 2024, one in two new apartments had already sold for more than 22 million euros. The trend continues in 2025 with many sales in the ultra-prime segment (large areas, penthouses and beachfront villas). New developments, such as Mareterra or other recently delivered programs (Bay House, L'Exotique, etc.), include exceptional properties whose individual transactions reach very high amounts. It is not uncommon to see penthouses trading for more than 50 million euros, making the Monegasque new market a plot of land reserved for a hand-picked clientele.
Resales : return to growth after two years of decline
This dynamic is not only explained by global economic factors. It also has its origins in a rental market that has reached saturation. Between 2023 and 2025, rental demand was particularly intense, particularly from international, British, Swiss and German customers, to the point of repeatedly causing supply shortages. At Petrini, the teams have noted a marked increase in rents and a persistent tension on availability, pushing many residents to consider buying as an alternative.
In this context, since September 2025, Petrini has observed a spectacular increase in purchase requests, without comparison with previous months. This reversal corroborates a mechanism well known to professionals in the sector. As Eugenia Petrini, an expert on the luxury real estate market in Monaco , points out:
"In the more than 40 years that I have been observing the market, I have always noticed one thing : when rentals become saturated, a new buying cycle begins. This is exactly what we are experiencing today. »
This transition between two cycles is also reflected in the amounts. In the first half of 2025, resales totalled more than €1.5 billion, an annual increase of +49 %. The second-hand market is not only seeing more transactions: it is also moving upmarket. Already in 2024, 19 resales had exceeded 20 million euros, an absolute record. Our catalog is full of exceptional properties such as this Penthouse of more than 900 m² in the heart of the golden square , the price of which remains confidential! The 2025 data confirm the rise of large areas and ultra-prime properties in the sales structure.
Attractiveness and prospects for 2026
As 2026 approaches, Monaco continues its vertical transformation, driven by a series of emblematic private real estate projects. Residences such as Villa Lucia, Maison Valentina, CMB Red Tower and the confidential 41G project shape the landscape of a market that is always on the move. This continued activity, coupled with sustained international demand, suggests a sales momentum that should remain at a high level in the coming months.
The exceptional performance recorded in 2025, both in volume and value, is not just a simple cyclical rebound. They are part of a deep cycle, fuelled by land scarcity, the confidence of wealthy buyers and a structural need to find housing in Monaco in a context of long-term rental pressure.
Admittedly, there will not be as many large-scale deliveries as in 2024. The available new supply should mechanically tighten, strengthening the valuation of current programs and accentuating natural selection on the most popular properties.
In terms of resales, Petrini Exclusive Real Estate Monaco anticipates a stabilisation at a high level. The Monegasque real estate market benefits from a large, loyal and internationalised buyer base. Quality properties, large apartments, sea views, high standard services, will continue to arouse the interest of demanding profiles.
The Principality retains all its strengths: security, attractive taxation, quality of life, political stability and a world-renowned calendar of events. This solid foundation supports demand and strengthens the medium-term outlook.
In this context, prices are expected to remain firm in 2026. Sales, while not necessarily matching the all-time high in 2025, are expected to remain at significant levels, driven by scarce supply and sustained demand in the ultra-prime segment.
Nos derniers biens disponibles
Sole agent
PRESTIGIOUS 4 ROOM APARTMENT WITH LUXURIOUS FINISHES - VILLA LA ROUSSE
3 bedrooms
| 123 sqm
Discover this tastefully refurbished 4-room apartment, offering luxurious finishes in the Villa La Rousse residence. Located in the sought-after area of "La Rousse", it benefits from an ideal location: in the immediate vicinity of a supermarket, the shops of the Boulevard des Moulins and the beaches of Larvotto.
6 150 000 €
More details
LUXURIOUS FOUR-ROOM APARTMENT WITH EXCEPTIONAL TERRACE - SOLD FURNISHED
3 bedrooms
| 248 sqm
Discover this exceptional 4-room property in Monaco, combining luxury and refinement thanks to its high-end finishes. Enjoy a spacious terrace, a true extension of your living space, equipped with a dining room, an outdoor lounge and a summer kitchen under an elegant pergola. The unique ambience is reminiscent of a villa or penthouse with its own garden. Benefit from two private parking spaces, a separate entrance for the domestic staff, a laundry room and a dressing room. Ideally located just 5 minutes from beaches and shops, with the Embassy of France as a neighbour for optimal tranquility and security. Sold furnished (excluding art paintings).
15 900 000 €
More details
Sole agent
STUDIO IN FONTVIEILLE - MIXED USE - RESIDENCE LE DONATELLO
Studio
| 39 sqm
We are pleased to offer for sale a charming studio apartment located in a quiet and pleasant residence in the heart of the highly sought-after district of Fontvieille. The property is sold with a cellar and a parking space.
1 990 000 €
More details
Recherches fréquentes
Les derniers articles
Contact our real estate agency in Monaco
In which district would you like to search for your future apartment?
