MONACO – Monaco real estate prices have surged to historic levels, officially making the Principality the most expensive city in the world for residential property. According to the 2025 “World’s Wealthiest Cities” report by Henley & Partners and New World Wealth, Monaco now commands an average of $38,800 per square metre—equivalent to $3.88 million for a standard 100-square-metre flat.
The latest figures place average property prices in the Principality at an astonishing $38,800 per square metre, translating to $3.88 million for a 100-square-metre residence. This firmly secures Monaco’s position above New York, where prime real estate averages $27,500/m². The remainder of the global top five includes Hong Kong ($26,300), London ($24,000), and the exclusive French Riviera enclave of Saint-Jean-Cap-Ferrat ($21,200). Read the full report on Henley & Partners.
The rise in Monaco real estate prices reflects the city’s enduring appeal among ultra-high-net-worth individuals. More than 40 percent of residents are millionaires—the highest ratio worldwide. Contributing factors include a tax-free regime, robust security, and access to luxury amenities such as private yacht clubs, designer boutiques, and international cultural events like the Monte-Carlo Gala and Formula 1 Grand Prix.
According to Monaco’s official government portal, the Principality also offers sustainable urban planning through developments like the eco-district Portier Cove, adding to its unique market conditions.
The French Riviera continues to perform strongly overall. Saint-Jean-Cap-Ferrat ranks fifth globally, while Cannes, Antibes, Nice, and Èze all appear in the top 20. This confirms the Riviera’s rising status among property buyers seeking privacy and prestige.
Meanwhile, U.S. cities such as Palm Beach, Miami, and Los Angeles remain major players but fall short of Monaco’s unmatched valuation. Real estate in Monaco is not merely an investment; it is a lifestyle choice grounded in security, discretion, and international allure.
As the global elite continue to seek refuge in secure and lifestyle-oriented jurisdictions, Monaco’s blend of discretion, luxury, and fiscal advantages ensures its continued dominance in the high-end real estate sector. For more on real estate trends in the Principality, see our guide on Monaco property investment.
