With an area of just over two square kilometers, the Principality of Monaco is a popular real estate market. An ambitious offshore extension project is underway. When completed in 2025, it will add six hectares to this unique territory. Discover the prices per m2 of its emblematic districts.
Monte-Carlo, Carré D’Or, Casino Square
Monte-Carlo is a dynamic and prestigious area. The Carré d'Or is the "must" of the Monaco property: looking to the future, the One Monte-Carlo and the Residence 26 Carré D’Or have helped to develop the attractiveness of this district. The Park Palace, the Floralies or even Le Mirabeau have luxury boutiques on the ground floor, which confirms the standing of the residences. In this luxury setting, the price per sqm fluctuates between € 50,000 and € 70,000, with peaks of € 100,000 per sqm.
To the east of Monaco, the Larvotto seafront exudes exclusivity: only 5% of Monaco residents live in this area. Luxury residences line Princess Grace Avenue, sharing the seaside promenade with five-star resorts like Monte-Carlo Beach Hotel. Very few properties are available on the seafront with prices per sqm ranging from 50,000 to 80,000 €.
This mainly residential area located on the northeastern edge of the principality has many luxury apartments with stunning sea views. Completed in 2015, the 170-meter-high Odeon Tower is a five-storey penthouse presented as the most expensive in the world (with apartments sold between and 20 and 50 million euros). Its proximity to the beaches and panoramic sea views from luxury residences such as Château Périgord mean that the price per m2 is between € 40,000 and € 60,000.
Located in the west of the Principality, Fontvieille is home to a pretty marina lined with renowned restaurants. Islands of greenery, such as the animal park of Monaco and that of Fontvieille, delight residents. The price range per square meter is between € 40,000 and € 55,000. Some apartments on high floors cost € 60,000 per m2.
Centered around Port Hercule, La Condamine is a commercial area with many shops and terraces. This district has retained its charm thanks to the Condamine Market, its pedestrian streets and its 18th century bourgeois buildings. The Stella residential complex, completed in 2018, has generated a lot of enthusiasm on the Monegasque real estate scene. The average price per square meter is here between € 35,000 and € 40,000.
The Exotic Garden
The Exotic Garden is a mainly residential area renowned for its magnificent terraced botanical gardens and breathtaking views of the Mediterranean. The price per m2 for buildings built in the 1950s is between 30,000 and 35,000 €, and between 45,000 and 50,000 € for those with a nice view.
The Les Moneghetti district, located in the north-west of the principality, enjoys breathtaking views of Port Hercules and the Rocher, and is home to elegant Belle Époque villas. The district, whose name means "little Monaco", is known for its residential character. The average price per square meter is € 30,000.
Also known as the Rock (Le Rocher), in reference to its dominant position in the Monegasque landscape, Monaco-Ville is the historic heart of Monaco. Prices per m2 have doubled here in ten years: from € 30,000 to € 35,000 for the central lanes, and from € 40,000 to € 60,000 for properties located on the heights that enjoy a view of the Port of Monaco.
Despite the health situation, the price of housing in Monaco remains the highest in the world. Economic stability and new real estate developments in the Principality have helped to attract a clientele eager for exclusivity.