The real estate landscape in Monaco has shifted dramatically.
After a quiet 2023, the Principality is witnessing an unprecedented surge in new apartment sales.
Breaking records in both volume and value, 2024 and 2025 mark a historic turning point for Monaco’s property market.
Here is a closer look at the figures and the driving forces behind this boom.
Record-Breaking
Deliveries and Sales The latest data from IMSEE reveals a staggering contrast: while zero new private-sector apartments were delivered in 2023, 159 new units were completed in 2024.
This is the highest level of delivery since 1993.
The Mareterra Effect: The luxury district alone contributed 130 waterfront units.
Other Key Developments: Projects like Le Luciana, Villa Marie-Pierre, and Pavillon Maurice also boosted inventory.
This influx of supply triggered a sales frenzy. Transactions jumped from just 28 in 2023 to 101 signed sales in 2024.
A Focus on Ultra-Luxury and Large Surfaces
Buyers are not just looking for a foothold in Monaco; they want expansive living spaces. Over 70% of sales in 2024 involved apartments with four bedrooms or more.
Transaction Volume: Total sales reached a colossal €3.7 billion in 2024, tripling the previous record set in 2022.
The Villa Factor: Eight villas were sold, with an average price tag of €125 million each.
2025: The Trend Continues
The momentum shows no signs of slowing down.
The first half of 2025 has already recorded 57 sales worth over €2.5 billion. The first quarter alone saw 42 transactions, largely driven by deliveries at Bay House and Mareterra.
Market Insights
According to real estate professionals, while these figures are bolstered by the completion of major projects, the demand remains organic and intense.
"Off-plan sales are often finalized before foundations are even laid," note the Monaco Agencies.
As the developer phase concludes, real estate agencies are now stepping in for "Phase 2," managing resales and high-end rentals, confirming the sustained dynamism of Monaco's new-build sector.
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