The Monaco real estate market in 2025 confirms what global investors already suspect: scarcity, stability and ultra-prime demand continue to define the Principality.
According to the latest Real Estate Observatory 2025 published by IMSEE, total transaction volume reached €5.9 billion. While new developments slowed after an exceptional 2024, the Monaco resale market rebounded strongly, driving overall growth and reinforcing Monaco’s position as the world’s most resilient ultra-prime residential market.
In 2025, Monaco recorded:
493 total property transactions (+12.0%)
€5.9 billion in total value
429 resales (+17.5% vs 2024)
64 new-build sales (–36.6% vs 2024)
The contraction in new developments reflects delivery cycles of major projects rather than weakening demand. In contrast, the resale segment regained momentum, reaching its highest transaction level since 2014.
Monaco Life recently analyzed what it described as a “record-breaking resale boom,” pointing to renewed buyer confidence and sustained appetite for large, high-value apartments. The IMSEE data confirms this narrative: the resale market is now the primary engine of growth in Monaco real estate.
The standout figure of the year is the performance of the secondary market:
€3.2 billion in resale transactions
+49.1% year-on-year
First time exceeding €3 billion
The average resale price climbed to €7.6 million, +26.8% in one year. The median price reached €4 million, a historic high.
Particularly notable is the surge in larger units:
3-bedroom resales increased by 54.3%.
4+ bedroom properties saw their average price rise to €29 million, up nearly €10 million in one year.
This confirms a structural trend in ultra-prime property Monaco: family-sized luxury apartments remain the most sought-after asset class. Furthermore, Monaco continues to outperform other prime global hubs due to its tax framework, political stability and limited supply.
Geographically, Monte-Carlo real estate dominated the resale market with:
164 transactions
€1.1 billion in resale value (a record)
However, the most striking performance came from Larvotto:
resale value reached €851 million, nearly five times higher than the previous year, despite only 13 transactions.
The Larvotto district crossed the symbolic threshold of €70,000 per square metre, the highest in Monaco.
These figures underline the ultra-high-ticket nature of transactions in the Larvotto district. However, Monte-Carlo followed at €60,528 per sqm, while La Condamine approached €60,000 per sqm. These figures reinforce Monaco’s global standing: Monaco’s price per square metre remains unmatched in Europe, consistently leading luxury benchmarks.
As highlighted by newsmontecarlo.com in its recent market analysis, the very high-end developments delivered in 2024 and 2025 are continuing to exert upward pressure on values and strongly impact prices. This dynamic is clearly visible in both Larvotto and Monte-Carlo.
The average price per square metre in Monaco stood at €57,569 in 2025. Although slightly down (–1.4%) from the 2024 peak, it remains near historic highs. For new developments (2020–2029 stock), the estimated average reached €65,602 per sqm, confirming the premium attached to newly delivered properties.
This pricing resilience reflects a structural factor: Monaco’s extreme land constraint. With just 2.08 km² of territory and 60% of floor area dedicated to housing, supply is inherently limited. Cities with structural supply constraints tend to exhibit stronger long-term price stability, a pattern clearly observable in Monaco.
The ultra-high-end segment remains active:
35 new-build sales above €20 million
22 resale transactions above €20 million
5 transactions exceeded €100 million
Monaco is not simply a luxury market, it is an ultra-prime concentration market, where the majority of value is generated by a relatively small number of very high-ticket properties.
While many European property markets are adjusting to higher interest rates and economic uncertainty, the Monaco real estate trends 2025 highlight a different reality:
Low exposure to debt-driven demand
Strong international buyer base
Ultra-limited supply
Continued demand for large, high-quality residences
The recovery in resale volume, combined with historically high price levels, suggests a market that is not overheating, but rather recalibrating after exceptional development deliveries in 2024.
The key conclusions for investors and property owners are clear:
The Monaco property market remains structurally undersupplied.
The resale segment is now the primary engine of growth.
Monte-Carlo and Larvotto are consolidating their premium positioning.
Large apartments (3+ bedrooms) are driving transaction value.
Price per square metre remains near record levels.
In short, 2025 confirms Monaco’s unique profile: a micro-market with macro resilience.
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