Monaco Real Estate Market H1 2025: Record Values and Strong Momentum
A strong first half despite contrasts between new developments and resales
The first half of 2025 confirmed the remarkable strength of Monaco’s residential real estate market, with total transaction values exceeding historic levels. The new-build segment maintained exceptional momentum, supported by major program deliveries, while the resale market set a new record in both volume and value.
Overall, the total value of transactions for new developments surpassed €2.5 billion, driven by ultra-prime properties with an average unit price of €43.86 million. On the resale side, cumulative sales values exceeded €1.5 billion, up by €500 million year-on-year (+48.8%), with an average resale price of €6.3 million.
New Developments: Momentum after major program deliveries
From January to June 2025, the Monaco new-build market recorded 57 transactions:
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42 in Q1, a particularly dynamic quarter,
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15 in Q2, reflecting fewer program deliveries compared to the beginning of the year.
This performance is largely linked to the handover of two flagship developments completed between late 2024 and early 2025: Maretterra and Bay House, which alone drove much of the activity.
The average transaction value for new-builds reached €43.86 million, highlighting the ultra-prime nature of this segment.
Looking ahead, two upcoming developments will shape supply in the coming months:
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Villa Lucia (Saint-Dévote/Moneghetti): 9 apartments plus a quadruplex with private pool across 14 floors.
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Villa Ninetta (Jardin Exotique): 27 apartments, ranging from studios to 3-bedroom units.
These projects illustrate the scarcity and exclusivity of Monaco’s new residential supply, tailored to international standards and the expectations of a growing HNWI and UHNWI population.
Resale Market: Record growth and strong demand
The resale segment has clearly taken the lead in H1 2025, with 238 transactions:
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128 in Q1, for a cumulative value of €734.9 million,
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110 in Q2, completing the total of the first half.
This brings the cumulative value of resales to over €1.5 billion, marking a sharp +48.8% increase in one year (+€500 million).
The average resale price climbed to €6.3 million, compared to Q1, reflecting strong demand and sustained buyer confidence.
A favorable environment for real estate investment in Monaco
These figures confirm Monaco’s enduring attractiveness, where both new and resale segments continue to deliver exceptional results despite global uncertainties. The Principality benefits from a unique combination of factors:
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Economic confidence,
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Advantageous fiscal policies,
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Political stability,
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Limited and highly prime residential stock.
In addition, financing conditions have improved: the taux d’usure for mortgages was lowered by Ordonnance Souveraine on 10 September 2025, from 4.69% (Sept. 2024) to 3.34%, reducing borrowing costs for investors.
As always, a global context must be considered when investing in real estate. In Monaco, the signals remain strong: economic confidence, advantageous fiscal policies, political stability, a limited supply of prime properties — and even a more favorable financing environment, with the taux d’usure for mortgages lowered.
For more details and tailored advice on real estate investment opportunities in Monaco, feel free to contact our team.