We present to you a summary of the economic balance sheet of the real estate sector in Monaco for the year 2019.
Lexicon:
" Sales " corresponds to the sales of new apartments of new construction or under construction.
" Resales " corresponds to the sales of apartments which are not new constructions.
1- INTRODUCTION
The average price per m² is of 48.000€ !
The aggregate value of all transctions (first-times sales and reasales of existing properties) rose by (+4,4 %) to almost 3 billion euros (€ 2,8 Bln).
Aggregate value of real estate transactions
2 - MONACO REAL ESTATE MAP
The Principality's territory has been divided into 9 official districts:
Monte-Carlo
La Rousse
Jardin Exotique
Fontvieille
La Condamine
Les Moneghetti
Larvotto
Monaco Ville
Ravin Sainte Dévote
Real estate resale transactions by district
More than one in four transactions take place in Monte-Carlo
Average price per m² by district in Monaco
Over € 48,000 per square meter !
Monte-Carlo remains the most expensive district (€ 53,000€ / m² )
3 - THE REAL ESTATE RESALE MARKET (EXISTING PROPERTIES)
429 resales in the resale market in 2019 for a total of € 2,475 Billions..
Real Estate Resale Transactions - Apartment Type
Real Estate Resale Transactions - Value of Resales
Real Estate Resale Transactions - Price Range
4 - THE REAL ESTATE SALES MARKET (NEW CONSTRUCTIONS)
Of the 33 newly built properties sold in 2019, 25 were sold off-plan for a total of Euros 320,5 Millions.
New Construction Sales - Apartment Type
New Construction Sales - Value of Sales
New Construction Sales - Price Range
5 - COMPARATIVE STUDY OF EXISITING AND NEW PROPERTIES
Source: Real Estate Observatory 2019 - January 2020 - IMSEE - www.imsee.mc
Copyright 2020 SAS BENJAMINPRATT - Any reproduction prohibited
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.