Real estate Monaco 2023

Real estate in Monaco 2023: New record on the Monegasque real estate market

The real estate market in Monaco continues to generate enthusiasm with figures that continue to break records. A recent study published by IMSEE reveals impressive statistics for the first quarter of 2023, confirming the strength of the Monegasque real estate market.


New real estate record in Monaco

The IMSEE study reveals that the real estate market in Monaco reached new heights in the first quarter of 2023. With a total of 12 sales in the new real estate sector, the market doubled compared to the same period of the previous year, which had 6 sales. These transactions generated a total sum exceeding 400 million euros, setting an all-time record in just three months. Interestingly, more than 80% of these transactions involve goods in the process of delivery, reflecting the high demand in the sector.

This upward trend confirms the growing attraction of investors for the real estate market in Monaco. Buyers are attracted by the quality of new constructions and the possibility of acquiring real estate in a prestigious and secure setting. Know that our agency Petrini Exclusive Real Estate Monaco, is able to offer you a selection of new real estate in Monaco, meeting the most demanding criteria. For example, we can offer you properties at Bay House or Mareterra Anse du Portier.


Monegasque real estate market statistics

The resale market is not to be outdone, with a total of 96 transactions recorded in the first three months of 2023. Although this figure is similar to the previous year, the overall value of transactions has increased significantly. These sales represent a total of €563 million, exceeding the amount recorded in the first quarter of 2022 (which was €501 million for 93 transactions) and setting a new record since the first quarter of 2016. A highlight of these transactions is the sale of apartments at very high prices, with only 5 properties sold for less than one million euros, thus reaching a historically low level, while 12 apartments, or 1 in 8, were sold for more than 10 million euros.


These figures reflect the vitality of the Monegasque real estate market, with a 5.3% increase in turnover in the real estate sector in the first quarter of 2023, reaching €151 million. This increase is largely explained by the attractiveness of the Principality and the growing willingness of buyers to want to settle in Monaco.

The real estate market in Monaco is still growing as fast, with records continually broken. Whether in the new real estate sector or resales, the figures testify to the strong demand and attractiveness of the Monegasque Principality for real estate investors. Our agency Petrini Exclusive Real Estate Monaco, specialized in luxury real estate in Monaco, is at your disposal to guide you and offer you apartments for sale or apartments for rent that meet your criteria. We can also support owners in the sale of their real estate, you offer our rental management services as well as strategic support for your land assets. We are here to accompany you throughout the process and offer you a personalized and professional service. Do not hesitate to contact us to realize your real estate project in Monaco.

These articles might interest you

bornes electriques monaco

Monaco's network of electric charging stations: expanding green mobility At the heart of Monaco's splendour, a discreet but crucial change is taking shape: electric mobility. With a resolutely forward-looking vision and a keen awareness of environmental issues, the Principality has undertaken to build an innovative network of electric charging stations, meeting the growing needs of electric and hybrid car drivers.


Navigating Real Estate Terms in Monaco : Understanding Appellations in French, English and Italian Finding accommodation can be an exciting adventure, but understanding the terms used to describe different types of apartments can be daunting, especially when exploring international real estate markets. 

photos articles 26

The reopening of the Café de Paris Monte-Carlo After 19 months of transformation and an expenditure of 70 million euros invested by the Société des Bains de Mer, the Café de Paris Monte-Carlo reopened its doors on Tuesday 14 November, marking a new era of elegance and gastronomy in Monte-Carlo.


What is the closest city to Monaco? Monaco is a Principality with nearly 39,000 inhabitants. Located on the Côte d'Azur, 18 km from Nice and 12 km from the French-Italian border, the Principality is landlocked in French territory, more precisely in the district of Nice and the Alpes-Maritimes department.  The Principality of Monaco covers an area of 2 kilometres very square, and enjoys a maritime border stretching over a distance of 65 kilometres.

photos articles 22

The Villas du Sporting in Monaco: Luxury, Nature and Architecture In the heart of the Principality of Monaco, an architectural gem is revealed, offering an unprecedented residential experience. The Villas du Sporting, with their avant-garde design and privileged location, redefine the Mediterranean way of life.

musee oceanographique monaco 2

Discover the Oceanographic Museum of Monaco The Oceanographic Museum, located on the Rock of Monaco, is a true jewel of the Côte d'Azur. The history of the museum dates back to 1870, when Prince Albert I, nicknamed the "Learned Navigator Prince", began his oceanographic expeditions around the world.

These properties might interest you

Off market

19 800 000 €

In a luxury building with 24-hour concierge, swimming pool, fitness room and tennis court, discover a 5 rooms apartment with a living area of 176m2 and 287m2 of terrace. Located on a high floor, it offers a magnificent view of the Principality and the sea.

Off market

13 200 000 €

In a luxury building with 24-hour concierge, swimming pool, fitness room and tennis court, nice 2 bedroom apartment with a living area of 120m2 and 17m2 of terrace. Located on a high floor, it offers a magnificent view of the Principality and the sea.

petrini exclusive real estate palais du printemps monaco 4

12 800 000 €

In the heart of the Moneghetti, discover this duplex penthouse, a perfect fusion between the elegance of a bourgeois building and a contemporary renovation. Climb up its internal staircase and let yourself be surprised by a large roof terrace, equipped with a pergola and a summer kitchen, revealing a breathtaking view of the Mediterranean Sea.

vallespir petrini exclusive real estate monaco3

4 390 000 €

Discover this fully renovated 2 bedroom apartment in the Vallespir district. Take advantage of its terraces and parking. An opportunity not to be missed.

petrini exclusive appartement vente monaco ville34

2 900 000 €

Discover this 3-room apartment completely renovated with luxury finishes, located in the heart of Monaco Villas and the Rock district (place where the Palace of the Prince of Monaco is located). With an area of about 80 square meters, this elegant and comfortable apartment is perfect for families. The property is accompanied by a cellar located on the same floor, thus offering additional space to organize the house.

petrini exclusive real estate le petrel 2eme etage monaco 2

4 700 000 €

Discover this three-room apartment located on the 2nd floor of the modern residence "Le Petrel", at 21 Rue Princesse Caroline. This property offers flexibility of use, lending itself to both a home and a professional office, in an idyllic setting on the only pedestrian street in the Principality. Bathed in light and designed with a sleek and delicate aesthetic, this property is located in the immediate vicinity of Port Hercules. It has benefited from a complete renovation, carried out with high quality materials and attention to detail in the finishes.

Off market
les abeilles

10 250 000 €

We offer you an "Off Market" property, outside the real estate market, in a luxury residence located in the district of La Rousse - Saint Roman in Monaco. For more information, contact us directly.


3 850 000 €

Nestled in the prestigious residence of Parc Saint Roman, this spacious two-room apartment completely renovated offers generous volumes and a beautiful balcony facing west. Residents can also enjoy a swimming pool, gym and 24-hour concierge service. An indoor parking and a cellar complete this property.

botticelli 2p port de fontvieille petrini exclusive monaco21

Price on request

Discover the exclusivity of the Le Botticelli residence, nestled in the heart of the peaceful district of Fontvieille. This fully furnished 3 bedroom apartment offers a unique living experience, with stunning views of the port and the Mediterranean Sea.

Port Monaco

Subscribe to our newsletter and discover our
exclusive Off Market properties.

Language :
Interested in :
(* : Required information)