Property prices Monaco-Ville Monaco
Depending on the location and the equipment, one can expect a purchase price of 3.5 million euros for a one-room apartment in Monaco-Ville. From one to multi-digit millions, there are hardly any limits for a property purchase. As Monaco is gladly used by the rich and famous as a second home and summer residence, the demand is accordingly high. Thereby, the prices continuously increase. In 2016, the price per square meter was 41,400 euros according to a study, as reported by “Manager Magazin”. This corresponds to a price increase of 180 percent over the last ten years. A stabilization of the market is predicted, since supply is not growing, but demand remains constant. As in Monaco, and especially in Monaco-Ville, there is no building space available and everything is very densely built, new projects are rarely realized, which is why there is no significant increase in buildings.