The average price per m² in Monaco-Ville (Monaco) is 45 000 €/m² for an apartment, within a range of 40 to 60 k€ per m², based on actual notarised (DVF) sales. Over the period, the market rose 18 % over 5 years and rose 2,0 % over the last 12 months, with about 15 transactions per year.
Illustration of the Monaco-Ville district, Monaco.
On the Rock (Monaco-Ville), transactions are rare and IMSEE (Monaco Institute of Statistics and Economic Studies) does not publish a dedicated price per m². As an indication, the price per m² is around 45 000 €/m².
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.
Monaco-Ville has one of the most confidential markets in the Principality. The old buildings of the Rock, protected and limited in area, generate only a few transactions a year, which makes prices highly dependent on the scarcity of properties. The five-year rise follows the Monaco trend, at a more measured pace. The data comes from IMSEE, as Monaco is a sovereign state not covered by the French databases.
The Principality's schools accessible from the Rock, Monaco public provision and early-years facilities in the neighbouring districts.
Local shops and tourist services at the heart of the historic district, everyday provision supplemented by La Condamine and Port Hercule.
Centre Hospitalier Princesse Grace (CHPG), pharmacies and medical practices accessible within the Principality.
The Monaco-Ville district, perched on the Rock above Port Hercule. Google Maps.
Monaco-Ville occupies the Rock, a headland overlooking the sea and the historic cradle of the Principality. It was here that the first inhabitants settled and that the old core was built around the Prince's Palace and the cathedral.
The district retains a fabric of narrow lanes and old houses, away from the vertical density that characterises the other areas of Monaco. The built form, constrained by the topography of the Rock and heritage protection, has changed little in its volumes.
Today, Monaco-Ville remains a district apart, residential and heritage-focused, whose property market is limited to a small number of old houses that rarely change hands.
The district attracts buyers attached to the historic character of the Rock and the scarcity of its old buildings. Buyers are looking for a heritage asset rather than a liquid investment, aware of the low market turnover and the very small number of properties available each year.
The price per m² estimated by IMSEE in Monaco-Ville is 45 000 €/m² (2025 data).
Monaco is a sovereign state independent of France. Its property market is therefore not covered by French databases such as DVF or the Notaires de France. The reference data comes from IMSEE, the Monaco statistics institute.
The district is limited to old, protected buildings on the Rock, with no new developments. The number of available properties is small and they rarely change owner, which makes for a very confidential market, on the order of a few transactions a year.
Mainly old houses and apartments in the historic fabric of the Rock. No towers or recent developments, which clearly sets the district apart from the other areas of the Principality.
The Rock is served by the Monaco bus network and by public lifts and escalators that connect the district to Port Hercule and the lower levels. The underground Monaco-Monte-Carlo station and the proximity of Nice complete the links.
This analysis is published by Immover, an independent observatory founded by Antony Barbier. Data sourced from official sources (DVF, INSEE, Notaries of France).