Monaco real estate 2021, breaking new record

Despite the pandemic crisis, the Monaco real estate market has held its own.

30/03/2021

The Monaco real estate market proved again in 2021 the confidence of investors into this tangible asset, that breaks new record of the average price per sqm, exceeding for the first time 50,000€ and soaring by nearly 75% in ten years.
Indeed, despite the pandemic, the local property market features 29 transactions and 160 million euros more than in 2020, displaying a total amount of resales exceeding again 2 billion euros, and thus attesting to the sector’s more than satisfactory condition.
The Principality remains a highly-prized address, renowned for its prestige properties.
All indicators are still flashing green for go: despite crises prices keep increasing, demand is steady and adequately met by supply. This is the time to invest in real estate in Monaco, a safe haven more than ever before.


Sources: IMSEE, Observatoire de l'Immobilier

Other Articles
Monaco real estate 2020, a high-performance market
Monaco real estate 2020, a high-performance market
Despite the Covid-19 pandemic crisis, the local property market has held its own.
30/03/2021
Monaco real estate market 2019, a record year
Monaco real estate market 2019, a record year
2019 Monaco, the scene of a new historic record for the cumulative amount of transactions.
30/01/2020
Monaco Lifestyle
Monaco Lifestyle
The first thing that strikes you about the Monegasque lifestyle is just how much is on offer in a co...
22/02/2021