Residential Real Estate Market 2025

The Monaco residential market recorded approximately 493 property transactions in 2025, representing a significant increase compared with the previous year. Total transaction volume reached around €5.9 billion, confirming the market’s resilience despite global economic uncertainties. The resale segment was particularly dynamic, with strong growth in both transaction volume and value. 

Prices

The average residential price in Monaco now stands at approximately €57,500 per square metre, a historic level that reinforces the Principality’s position as the world’s premier ultra-prime real estate destination. While prices have stabilized following the sharp increases seen in recent years, values remain exceptionally high across all districts. 

Prime properties in prestigious locations can exceed €100,000 per square metre, particularly for waterfront residences, penthouses, and newly delivered luxury developments. 

Most Expensive Districts

The highest values are found in:

• Larvotto – the most expensive district, exceeding €70,000 per square metre on average.
• Monte-Carlo – one of the most sought-after areas, with prices around €54,000 per square metre.
• Carré d’Or – the heart of Monaco’s luxury residential market.
• Fontvieille – popular for modern residences and waterfront living.  

Supply and New Developments

A major driver of the market has been the completion of the landmark Mareterra development. This new waterfront district added luxury apartments and villas to Monaco’s extremely limited housing stock, generating record transaction volumes and attracting international investors. However, supply remains structurally constrained due to Monaco’s geographical size, supporting long-term price growth. 

The hotel sector reached historic levels in 2025. According to CoStar data, Monaco recorded its highest-ever Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) during May 2025, driven largely by the Formula 1 Grand Prix and sustained luxury demand. Monthly occupancy reached 75.2%, ADR exceeded €1,029, and RevPAR climbed to nearly €774, representing significant year-on-year growth. Notably, Monaco became the first hotel market in Europe to surpass a monthly ADR of €1,000. 

Investment Environment

Hotel assets in Monaco remain extremely scarce, creating intense competition among investors. Entry barriers are high due to limited supply, strict planning regulations, and the rarity of available transactions. Prime hospitality properties continue to attract family offices, sovereign investors, and international luxury hotel operators seeking exposure to one of the world’s most prestigious destinations. The combination of strong operating performance and long-term capital appreciation reinforces Monaco’s reputation as a safe-haven investment market. 

Luxury Tourism Trends

Monaco is evolving beyond its traditional image as a destination for older affluent travelers. Significant investments in luxury hospitality, wellness facilities, gastronomy, beach clubs, and lifestyle experiences are attracting a younger generation of high-spending guests. Recent developments, including the Mareterra district and the repositioning of several iconic hotels, are enhancing the Principality’s appeal to global luxury consumers. 

Development Pipeline

New hotel development opportunities remain limited due to the scarcity of land. As a result, value creation is increasingly driven by repositioning existing assets, luxury renovations, mixed-use developments, and branded residences linked to hospitality concepts. Investors continue to focus on ultra-premium projects capable of generating exceptional room rates and ancillary revenues.