Real Estate Observatory (2025) Pt 1.

March 18, 2026

The aim of this Real Estate Observatory by the Monaco Statistics (Institut Monégasque de la Statistique et des Études Économiques) is to present one of the sectors of activity in the Monegasque economy, real estate, and more specifically private sector residential real estate, as well as its evolution over the last ten years.

As of the 31 December 2025, the Principality of Monaco had a total of 1,473 buildings, including those under construction and/or authorised, with a combined usable floor area of 3.4 million square metres. Housing, including public housing, accounts for 60.2% of this space, or 2.0 million square metres. More than 40% of the residential floor area are concentrated in the Monte-Carlo and La Rousse districts.

In 2025, the real estate market totalled 493 transactions, an increase of 5.8% compared with 2024. The total value of sales and resales stood at €5.9 billion, stable compared to the previous year’s record.

The sales market declined in both volume (-36.6%) and value (-29.1%) compared to 2024, which was an exceptional year. After a particularly dynamic first quarter, activity gradually slowed. However, the 64 sales amounted to €2.6 billion, placing 2025 well above the long-term averages.

By contrast, resales are on the rise again after two years of decline. They increased by 17.5% in volume to reach 429 transactions and by 49.1% in value, setting a new record of €3.2 billion. This momentum has been driven by the arrival of recently completed properties on the resale market, contributing to higher average prices and transaction values.

The price per square metre is now estimated using a linear regression model that incorporates all transactions for which the floor area is known, whether sales or resales. In 2025, driven by recent deliveries of luxury buildings, the price per square metre stands at €57,569 and even exceeds €70,000 in the Larvotto district.