Real Estate Observatory 2024

The real estate market is showing positive results in 2024. The number of transactions is up by 12.0%, or 50 flats more than in 2023. This increase was driven by sales, which set a new record with 101 new properties sold, notably with the delivery of the Mareterra project, while resales continued to decline (-5.9%).

Total value reached a record high of €5.9 billion, of which almost two-thirds came from sales (€3.7 billion). It is up by more than 80% in one year, and has doubled in 10 years.

In 2024, the average price per square metre of resales in Monaco reached €51,967, just exceeding the previous record set in 2021 (€51,912). This represents an increase of 1.1% compared with 2023 and a 44.3% rise over 10 years.