The Principality remains the most expensive premium real estate market in the world and ignores the current particular and tumultuous period. Indeed, unlike other industries which are already fully suffering the economic consequences, the Monegasque property market is relentlessly pursuing its development.

In the first quarter of 2020, the resale market remained very dynamic, recording an increase of 13.5% compared to the same period last year with 103 apartments sold, including two in new programs; in value, the trend is also on the rise (+3.5%) as Jean Castellini, the Minister of Finance and Economy, pointed out.

At the end of May, more than 120 apartments were sold, according to the President of the Monegasque Real Estate Chamber, which suggests that by the end of the year the volume of transactions will be more or less similar to previous years. 

Investing in bricks and mortar, in general terms, still represents for a majority of people a safe investment, in particular because it is a tangible asset that we all need and will always need.

This is even more true in the particular case of real estate in the Principality, a niche market with a scarcity of supply, when the economic context is unpredictable.

In addition, the destination “Monaco” still benefits from its attractiveness, which allows it to emerge strengthened from difficult periods such as the one we are currently going through and which we will have to face in the coming months on the European continent.

If you wish to take advantage of this dynamism and think about investing or making your real estate assets grow, our team will be glad to discuss it and help you with your projects.