The Monaco real estate market once again confirms its unique character. According to the 2025 Real Estate Observatory published by IMSEE, the Principality continues to demonstrate remarkable resilience, despite a more selective international environment.
In 2025, Monaco recorded 493 real estate transactions, representing a 5.8% increase compared with the previous year. The total value of sales and resales reached €5.9 billion, a level that remains close to the historic records of the Monaco market.
A market driven by scarcity
In Monaco, land scarcity remains one of the main drivers of real estate value. With an extremely limited territory and constant international demand, every available property represents a strategic opportunity, whether as a primary residence, a pied-à-terre or a long-term investment asset.
This scarcity explains why the Monaco market maintains a distinctive dynamic: transaction volumes may vary from one year to another, but values remain supported by structurally strong demand.
New-build sales are slowing, but remain at a high level
The new-build sales market declined compared with 2024, which was a particularly exceptional year. In 2025, 64 sales were completed, for a total value of €2.6 billion.
This slowdown does not reflect market weakness, but rather a return to a more normal level of activity after an extraordinary year. New developments in Monaco remain rare, highly sought-after and often positioned in the most premium segment of the market.
Resales confirm their strength
The resale market, meanwhile, grew significantly. In 2025, resales reached 429 transactions, up 17.5%, for a total value of €3.2 billion, setting a new record.
This performance confirms the importance of the secondary market in Monaco. Buyers are looking for well-located properties that are immediately available and offer lasting patrimonial value. Family apartments, renovated properties, sea views, terraces and central addresses remain particularly sought-after.
A price per square metre that remains historically high
The average price per square metre remains at an exceptional level. In 2025, it stood at around €57,569/sqm, slightly below the 2024 peak but still at a historically very high level.
This stability confirms the depth of the Monaco market. Even when certain indicators readjust, Monaco retains its status as a safe-haven market, supported by security, taxation, quality of life and the international appeal of the Principality.
Monaco, a market of arbitration and precision
In such a demanding market, every real estate decision must be supported by precise analysis: location, building, floor, exposure, property condition, renovation potential, future liquidity and price consistency.
For sellers, the environment remains favourable, provided that they adopt a realistic positioning fully aligned with the market. For buyers, selectivity is essential: the best opportunities do exist, but they require responsiveness, expertise and in-depth knowledge of the local market.
Conclusion
The 2025 Real Estate Observatory confirms that Monaco remains a real estate market apart: rare, solid, international and deeply patrimonial.
In a sometimes uncertain global environment, the Principality continues to attract a demanding clientele seeking stability, prestige and long-term value.
More than ever, Monaco real estate remains a strategic asset.
