
In 2025, Monaco’s real estate market more than ever confirms its status as an exceptional patrimonial asset. In a territory where land scarcity is structural and international demand remains sustained, the market reaches a new historic threshold. According to the Real Estate Observatory, the Principality records 493 transactions for a total volume of 5.9 billion €, a level equivalent to the previous year’s record. Behind this apparent stability lies a strategic recomposition, fewer sales but at unprecedented levels, more resales with spectacular valuations.
For UHNWI investors, Monaco is no longer merely a safe haven, it stands as a high-intensity wealth engineering market.
In 2025, 64 new property sales were completed for a total of 2.6 billion €. Although volume declines compared to 2024, it remains well above historical averages. Above all, asset quality outweighs quantity. The average sale price reaches 40.8 million €, an absolute record. One transaction out of two closed at 21.2 million € or more. Even more striking, 35 sales exceeded 20 million €, including five above 100 million €.
The market clearly concentrates on large-scale residences. Eight out of ten sales involve four-bedroom apartments or larger. Recently delivered contemporary residences redefine Monaco’s luxury residential standards through hotel-style services, absolute security, and signature architectural design.
The year 2025 also marks a turning point for the secondary market. After two years of decline, resales increase by 17.5% in volume to reach 429 transactions and surge by 49.1% in value, totaling 3.2 billion €. The average resale price now stands at 7.6 million €, up 26.8% in one year. Over ten years, it has increased by 78%. Five-bedroom apartments and larger properties reach an average price of 29.0 million €, representing an increase of 10 million € in a single year.
This dynamic reflects the arrival of recently delivered high-standing buildings onto the resale market, mechanically supporting price levels. Monaco once again demonstrates its ability to generate value not only in primary acquisitions but also through strategic resales.
The Observatory adopts a refined methodology integrating both sales and resales through an advanced statistical model. The average price per square meter stands at 57,569 € in 2025. After the sharp increase recorded in 2024, it stabilizes at a historically elevated level. Larvotto officially becomes the most valued district at 71,167 € per square meter, surpassing the symbolic 70,000 € threshold for the first time. Monte Carlo averages around 54,000 € per square meter, while Fontvieille, La Rousse, and La Condamine exceed 50,000 €. Even traditionally more accessible districts remain above 43,000 €.
Monte Carlo dominates the resale market with 164 transactions, representing nearly 40% of the total. Resale volume there exceeds 1.1 billion € for the first time. Larvotto, despite only 13 transactions, generates 851.9 million €, reflecting an exceptionally high average ticket.
For international high-net-worth individuals, Monaco combines political stability, attractive taxation, unparalleled security, and Mediterranean lifestyle excellence. In a global environment marked by uncertainty, the Principality stands as a liquid and resilient wealth sanctuary.
In a world where discretion is essential and each decision involves strategic capital, we welcome you with elegance and confidentiality to our modern offices located at Château Périgord in Monaco to discuss a real estate strategy perfectly aligned with your vision and long-term ambitions.
PIRAS Real Estate offers you a selection of exceptional properties, a bespoke service and confidential support based on trust. Privileged access to off-market properties, with absolute discretion guaranteed.
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