The average price per m² in Monaco is 52 861 €/m² for an apartment, based on actual notarised (DVF) sales. The market rose 10,8 % over 5 years.
Illustration of the Principality of Monaco.
The price per m² in Monaco is estimated at 52 861 €/m² in 2025 by IMSEE (the Monaco Institute of Statistics and Economic Studies), the Principality's official source. The gaps between districts are wide, from around 45 000 €/m² in the Jardin Exotique to more than 70 000 €/m² in Larvotto.
Prices from the DVF file (Demandes de valeurs foncières, published by the DGFiP), transactions actually recorded at the notary at municipality level. Cross-referenced with the Notaires de France - INSEE indices. Learn more about our methodology.
In a tight, upward-trending market, the arrival of the Mareterra district has redefined the top of the market and pulled up the neighbouring areas, while the residential heights rise more moderately.
The price per m² for each district of the Principality, from Mareterra to the Moneghetti. Click a district to open its detailed page and its valuation.
Monaco is a property market unique in Europe, disconnected from the French cycles. The absolute scarcity of land, the absence of income tax for residents and the international appeal of the Principality support an almost continuous rise in prices.
The gap between districts remains considerable. Prestige new-build, led by Mareterra, exceeds 100 000 €/m², while the residential heights of the Moneghetti or the Jardin Exotique, further from the seafront, stay the most affordable, around 44 000 €/m².
For an owner, a valuation in Monaco depends heavily on the exact address, the floor, the sea view and the building's amenities, even more than in the large French cities.
Placed back in its immediate setting, Monaco sits well above the most expensive municipalities of the French Riviera, in a category of its own.
Ruled by the House of Grimaldi since the end of the thirteenth century, Monaco is a sovereign principality on the French Riviera, enclosed within the French department of the Alpes-Maritimes. Its independence, its own tax regime and its international status make it a market apart, distinct from that of neighbouring France.
The development of Monte-Carlo and its casino in the nineteenth century, then the continuous extension of the territory onto the sea in the twentieth century (Fontvieille, then Mareterra), shaped a dense, vertical city where every available square metre is valued to the extreme.
Today the Principality has a majority of foreign residents and ranks among the territories with the highest concentration of wealth in the world, which durably supports property values.
The Monaco market is aimed at a wealthy international clientele: residents settled for the lifestyle and the status of the Principality, wealth-focused investors and buyers of prestige homes. Access to ownership here requires budgets without equivalent in France, and the transactions, few in number, involve rare properties.
The price per m² estimated by IMSEE in Monaco is 52 861 €/m² (2025 data).
Mareterra, the new district reclaimed from the sea and delivered at the end of 2024, exceeds 100 000 €/m². Larvotto and Monte-Carlo follow, above the Principality's average.
The Principality covers only two square kilometres, supply is structurally scarce and international demand from wealthy residents is constant. The tax regime and the status reinforce its appeal.
No. As a sovereign state, Monaco is not covered by the French DVF database. The references come from IMSEE, the Monaco statistics institute.
Our prices draw on IMSEE, the Principality's official institute, which measures transactions actually recorded. Listing websites show prices asked by sellers, often above final sale prices. The detail is set out on our Methodology page.
This analysis is published by Immover, an independent observatory founded by Antony Barbier. Data sourced from official sources (DVF, INSEE, Notaries of France).