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