Monaco Property Prices in 2025: Price per m² by District
In 2025, the average price of residential property in Monaco reached €57,569 per square metre, according to the Observatoire de l’Immobilier published by IMSEE, the Principality’s statistics institute, in February 2026. That is 1.4% below the 2024 record of €58,402, after a 14.8% jump the year before. Prices still vary widely across the Principality: from €43,797 per m² in Les Moneghetti to €71,167 in Larvotto, the most expensive district and the first to pass €70,000.
Monaco property prices in 2025: key figures
- Average price per m²: €57,569 (sales and resales combined), down 1.4% on 2024.
- Most expensive district: Larvotto, €71,167 per m² (+2.2%).
- Most affordable district: Les Moneghetti, €43,797 per m² (+3.3%).
- Transactions: 493 sales and resales (+5.8%), worth €5.9 billion in total.
- Average resale price: €7.6 million, a record (+26.8% in one year).
- Recent buildings (2020 to 2029): €65,602 per m², against €42,142 for buildings completed before 1940.
Price per square metre by district in Monaco
IMSEE publishes an estimated price per square metre for seven districts. The table below sets out the 2025 figure, the change over one year and the change since 2016, all calculated on the same method.
| District | Price per m² (2025) | Change 2024 to 2025 | Change since 2016 |
|---|---|---|---|
| Larvotto | €71,167 | +2.2% | +28.8% |
| Monte-Carlo | €54,009 | +4.8% | +24.6% |
| Fontvieille | €52,518 | +4.5% | +27.1% |
| La Condamine | €52,104 | -0.7% | +19.7% |
| La Rousse | €51,265 | +3.2% | +25.4% |
| Jardin Exotique | €45,168 | -3.7% | +37.6% |
| Les Moneghetti | €43,797 | +3.3% | +30.0% |
| Monaco average | €57,569 | -1.4% | +41.8% |
The Monaco average has risen faster over ten years than any single district. This is not a contradiction: the average reflects the mix of homes sold each year, and recent deliveries of very high-end buildings now weigh heavily in it.
Larvotto: the most expensive district in Monaco
Larvotto stays at the top with €71,167 per square metre, up 2.2% in a year. It is the first district to cross the symbolic €70,000 threshold. The area runs along the Principality’s public beach and includes recent landmark developments, such as the Mareterra extension. In buildings completed since 2020, IMSEE estimates the price at €71,241 per m² in Larvotto. See our properties for sale in Larvotto.
Monte-Carlo and the Carré d’Or
Monte-Carlo stands at €54,009 per square metre, up 4.8%, the strongest increase of the year among the seven districts. It is also the most active market: 164 resales were recorded there in 2025, close to two in five resales in the Principality. The Carré d’Or, around the Casino and the luxury boutiques, sits within Monte-Carlo; IMSEE does not publish a separate figure for it. Explore our properties in Monte-Carlo and in the Carré d’Or.
Fontvieille, La Condamine and La Rousse
These three districts sit at an intermediate level, between €51,000 and €53,000 per square metre.
- Fontvieille: €52,518 per m² (+4.5%). A district built on land reclaimed from the sea, with the marina, the heliport and the Stade Louis II. Properties for sale in Fontvieille.
- La Condamine: €52,104 per m² (-0.7%), the only one of the three to edge down. The district surrounds Port Hercule and the market.
- La Rousse: €51,265 per m² (+3.2%). It is the second most active district, with 100 resales in 2025. Properties for sale in La Rousse and Saint Roman.
Jardin Exotique and Les Moneghetti: the most accessible districts
On the upper slopes of the Principality, prices are lower. Jardin Exotique stands at €45,168 per m² after a 3.7% fall, and Les Moneghetti at €43,797 (+3.3%). Over ten years, however, these are the districts where prices have risen the most: +37.6% in Jardin Exotique and +30.0% in Les Moneghetti. See our properties in Jardin Exotique.
How much is an apartment in Monaco?
The price per square metre only tells part of the story. In 2025, the average resale price reached €7.6 million, a record, and more than one resale in two was concluded at €4.0 million or more. On the new-build market, the average sale price exceeded €40 million for the first time, driven by a small number of exceptional properties.
As a rough guide, multiply the surface by the district price: a 100 m² apartment in Monte-Carlo comes to around €5.4 million at the 2025 average. Floor, view, condition and the building itself can move the real price well above or below this figure.
Ten-year trend of property prices in Monaco
IMSEE recalculated the whole series with its new method, which makes these figures comparable with one another.
| Year | Average price per m² |
|---|---|
| 2016 | €40,599 |
| 2017 | €40,608 |
| 2018 | €45,388 |
| 2019 | €45,886 |
| 2020 | €47,050 |
| 2021 | €47,491 |
| 2022 | €51,659 |
| 2023 | €50,890 |
| 2024 | €58,402 |
| 2025 | €57,569 |
In ten years, the average price per square metre has risen by about 42%. The sharpest increase came in 2024 (+14.8%), when several high-end buildings were sold.
New build or older building: a gap of more than €23,000 per m²
The year of construction weighs heavily on value. In 2025, a home in a building completed between 2020 and 2029 is estimated at €65,602 per m², against €42,142 for a building from before 1940.
| Recent buildings (2020 to 2029) | Price per m² (2025) | Change on 2024 |
|---|---|---|
| Larvotto | €71,241 | +2.3% |
| Monte-Carlo | €60,526 | +2.7% |
| La Condamine | €59,523 | +2.7% |
| Fontvieille | €54,907 | +3.0% |
| La Rousse | €54,209 | +3.0% |
| Les Moneghetti | €50,198 | +3.3% |
| Jardin Exotique | €47,800 | +3.4% |
How to read these figures
- New method in 2025. IMSEE now estimates the price per m² with a linear regression model covering all sales and resales of known surface area. Previous editions only covered resales, with a different calculation, so their figures cannot be compared with these.
- Prices exclude costs. Agency fees, notary fees, registration duties and transcription costs are not included. Read our guide to property taxation in Monaco and our guide to buying in Monaco.
- Private sector only. State-owned (domanial) housing is excluded from the study.
Get a precise valuation with HOMES
A district average is a starting point, not a valuation. Two apartments in the same building can be valued very differently depending on floor, view, exposure and condition. Born in the Principality, Sandro Piras knows each building and each address in Monaco. HOMES, a member of the Chambre Immobilière Monégasque, assists buyers and sellers with discretion, from valuation to signing at the Monegasque notary. Ask for a valuation of your property or browse our properties for sale.
Frequently asked questions
What is the average price per square metre in Monaco?
€57,569 per m² in 2025, according to IMSEE (Observatoire de l’Immobilier, February 2026). It is 1.4% lower than in 2024 (€58,402) but remains at a historically high level.
What is the most expensive district in Monaco?
Larvotto, at €71,167 per m² in 2025. It is followed by Monte-Carlo (€54,009) and Fontvieille (€52,518).
What is the cheapest district in Monaco?
Les Moneghetti, at €43,797 per m², followed by Jardin Exotique at €45,168.
How much does an apartment cost in Monaco?
The average resale price was €7.6 million in 2025, and more than half of resales were concluded at €4.0 million or more. The final price depends mainly on surface, district, floor and view.
Are property prices in Monaco still rising?
The overall average dipped by 1.4% in 2025 after a 14.8% rise in 2024. Five of the seven districts still rose over the year, led by Monte-Carlo (+4.8%) and Fontvieille (+4.5%).
Do the prices include notary and agency fees?
No. IMSEE prices come from notarial deeds and exclude agency fees, notary fees, registration duties and transcription costs.
Source: IMSEE, Observatoire de l’Immobilier 2025, published in February 2026. Page updated in November 2026 by HOMES.
