€40 million on average: Monaco’s new homes reach record prices
As of 31 December 2025, the Principality of Monaco had a total of 1,473 buildings, including those under construction and/or authorised © Pixabay
Fewer new homes sold, but a sharp increase in resales: in 2025, the Monegasque property market confirmed its ability to maintain record volumes while undergoing a major restructuring.
With 493 transactions recorded in 2025, 5.8% more than in 2024, and a total volume maintained at €5.9 billion, the Principality’s property market is proving to be more resilient than it appears.
Behind this apparent stability, two opposing dynamics are at play: a marked decline in initial sales of new properties, offset almost to the pound by an explosion in the secondary market. For Céline Caron-Dagioni, Minister of Equipment, Environment and Urban Planning, this observatory is invaluable: ‘It allows us to objectively assess the dynamics of the market over the past year, and we know how much attention this market attracts.’
Primary sales fell by 36.6% in volume and 29.1% in value, without losing their exceptional nature: of the 64 transactions recorded, 35 exceeded €20 million, representing more than half of sales. Five transactions even exceeded the €100 million threshold.
Resales reached a record level of €3.2 billion, up 49.1% in value. Larvotto provides the most striking illustration of this, with only 13 transactions, yet €851.9 million, a fivefold increase in volume in one year.
Prices reaching new heights
This year, the IMSEE adopted a new method for estimating the price per square metre, taking into account sales, resales and the period of construction of the properties. For Pierre-André Chiappori, Minister of Finance and the Economy, the wealth of these new statistical tools is crucial: ‘The more sophisticated and comprehensive the models we use, the better the policies we can put in place.’ The average price per square metre stands at €57,569 in 2025, the second highest level ever recorded. Larvotto has crossed the symbolic threshold of €70,000 per square metre for the first time, reaching €71,167.
The average sale price rose by nearly 12% in one year to set an all-time record of €40.8 million. The median price also remains at a very high level: one in two sales was concluded at €21.2 million or more.