A recent study published by the IMSEE (Monegasque Institute of Statistics and Economic Studies) about Monaco’s real estate market in 2025 shows a sales market dominated by very high-end properties. Although the new sales market declined compared to 2024 (which was an exceptional year), resales reached record numbers. Monaco’s real estate price per square metre stands at €57,569 and exceeds €70,000 in the Larvotto district.
Summary of the real estate market in 2025
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 a record-breaking 2024.
High-end Properties
In 2025, out of the 64 transactions recorded, 35 exceeded €20 million, representing more than half of all sales (54.7%). Among these, five transactions exceeded €100 million. The mean sale price rose by nearly 12% in one year, setting a new record of €40.8 million.
Drop in new sales
In 2025, new sales amounted to €2.6 billion. This represents a decline of €1 billion compared to 2024, a year marked by particularly high levels. However, it remains twice as high as the previous records set in 2022 and 2023, which were “remarkable figures at the time,” according to the report.
“This situation can be explained by the completion of exceptional transactions following the recent delivery of several high-end real estate projects,” says the IMSEE.
However, this decline must be put into perspective, as the number of sales recorded in 2025 remains significantly higher than the average observed over the last decade (51 per year). Since the start of the IMSEE’s statistical series in 2006, the annual average is 33 properties, which is about half the volume recorded in 2025.
Almost all of the sales (97.5%) consisted of large properties, or dwellings with three or more bedrooms. Three quarters of sales fell into the category of 4 or more bedrooms (including villas).
Record-breaking year for resales
By contrast, resales are on the rise again after two years of decline. They increased by 17.5% in to reach 429 transactions and by 49.1% in value, setting a new record of €3.2 billion.
Breakdown of housing by district
As of 31 December 2025, the Principality had a total of 1,473 buildings, including those under construction or authorized, with 3.4 million square metres of floor space. Housing, including public housing, accounts for 60.2% of this space (2.0 million square metres). More than 40% of this residential floor area is concentrated in the Monte-Carlo and La Rousse districts.
