The average price per m² in La Condamine (Monaco) is 52 104 €/m² for an apartment, based on actual notarised (DVF) sales. Over the period, the market rose 8,5 % over 5 years and fell 0,7 % over the last 12 months.
Illustration of the La Condamine district, Monaco.
In La Condamine, the price per m² estimated by IMSEE (Monaco Institute of Statistics and Economic Studies, Monaco Property Observatory) reaches 52 104 €/m² in 2025. This estimate is based on all the transactions in the Principality analysed by the institute.
Prices from the DVF file (Demandes de valeurs foncières, published by the DGFiP), transactions actually recorded at the notary, aggregated at district level using the IRIS zoning of INSEE. Cross-referenced with the Notaires de France - INSEE indices. Learn more about our methodology.
According to IMSEE, the estimated price per m² in La Condamine rose from 48 026 €/m² in 2020 to 52 104 €/m² in 2025, a rise of +8 % over the period.
Monaco schools accessible in the central district and its immediate surroundings.
The place d'Armes market, food shops, cafés and port restaurants, local services at the heart of the Principality.
Centre Hospitalier Princesse Grace (CHPG), the Principality's main healthcare facility, a few minutes away.
La Condamine, the Port Hercule district in the centre of Monaco. Google Maps.
La Condamine is one of the oldest districts in Monaco, established on the strip of land between the Rock and the heights, around Port Hercule. Its name historically refers to the arable land at the foot of a stronghold, recalling the site's agricultural past.
The district grew up around its port, the main anchorage of the Principality, and the place d'Armes, which hosts the daily market. La Condamine concentrates shops, services and housing, in a dense urban fabric mixing old buildings and more recent ones.
At the heart of everyday Monaco life, La Condamine remains a lively and central district, sought after for its proximity to the port, its shops and all the services of the Principality. It holds a stable place in the local property market.
The district attracts an affluent international clientele and residents seeking a central location, close to the port and the shops. Buyers drawn by neighbourhood life, well-off families and investors targeting a Monaco asset share a varied market. Rental demand, supported by the centrality of the area, is also present.
The price per m² estimated by IMSEE in La Condamine is 52 104 €/m² (2025 data).
La Condamine occupies the centre of the Principality, around Port Hercule and the place d'Armes, between the Rock of Monaco-Ville and Monte-Carlo. It is the shopping heart of Monaco.
The district offers a varied stock, from old buildings to more recent developments, from studios to prestige properties. The supply consists mainly of apartments, in a dense urban fabric.
The scarcity of Monaco land, the central position of the district around Port Hercule and sustained international demand explain these levels. The proximity of the shops and the port reinforces the area's appeal.
The data is based on IMSEE, the Monaco Institute of Statistics and Economic Studies. As Monaco is a sovereign state, its market is not covered by the DVF or Notaires de France databases used in France.
This analysis is published by Immover, an independent observatory founded by Antony Barbier. Data sourced from official sources (DVF, INSEE, Notaries of France).