Monaco, a city-state located on the French Riviera, continues to hold the title of the world’s most expensive real estate market. Average property prices in Monaco exceed an impressive €50,000 per square meter, while in the most sought-after and exclusive areas, such as luxurious penthouses with sea views or villas in prestigious neighborhoods like Monte Carlo and Fontvieille, this price can climb above €100,000. This incredible figure clearly highlights Monaco as the ultimate destination for the ultra-rich, where property ownership is more than just accommodation – it’s an extremely important status symbol and a secure investment in a unique environment.
Growth in new developments and luxury projects
Despite already astronomical prices, Monaco’s real estate market is seeing a significant increase in new development sales. This trend is driven by ambitious and visionary projects that are transforming the city’s landscape and offering an exceptional quality of life. Among these, Mareterra and Bay House stand out. Mareterra, also known as Le Portier, is a revolutionary land reclamation project that will add 6 hectares of new land to Monaco. This project will bring not only new luxury residential units but also spacious green areas, a Mediterranean park, and a modern marina and promenades, creating a completely new, exclusive district. Bay House, on the other hand, offers extremely exclusive apartments with panoramic sea views and top-tier amenities, including private gyms, swimming pools, and concierge services, setting a new standard for luxury living. These projects attract global investors and high-net-worth individuals, further fueling demand and maintaining prices at an exceptionally high level.
Monaco: A safe haven for wealth
The continuous price growth and strong demand for new developments in Monaco reflect its exceptional appeal as a safe haven for wealth. Monaco offers a stable political environment, a high level of security, and an attractive tax system with no income tax or capital gains tax for residents. All of this combined makes Monaco a unique and unstoppable player in the global luxury real estate scene, attracting the elite from all over the world who seek discretion, luxury, and stability. With limited space and constant demand, it seems Monaco will long maintain its position as the most exclusive place to live and invest.
