For investors and residents, the Monaco real estate market is often a black box. Transactions are private, off-market deals are common, and “average” prices can be skewed by a single hyper-luxury sale. However, as we enter 2026, the data from the previous year has painted a clear picture of a market in transition.
The headline story for 2026 is duality. On one side, we have the “Mareterra Effect,” which has shattered records for new build volumes. On the other, we see a resilient resale market that bounced back strongly in late 2025 after a quiet period.
Whether you are looking to buy in Larvotto or rent in the Carré d’Or, here are the 10 definitive statistics defining the Monaco market right now.
1. The Resale Benchmark: €51,967 per m²
The most cited metric in the Principality is the average price per square meter for resale (second-hand) properties. The latest consolidated annual data places this figure at €51,967.
This represents a cumulative increase of over 44% in the last decade. While price growth has moderated to around 1.1% year-on-year, the floor remains incredibly high. This stability is what attracts capital preservation investors; even in a flat global market, Monaco holds its value.
2. The New Build Explosion: €36.4 Million Average
The primary market (new construction) is operating in a different stratosphere. The average transaction price for a new build property is now approximately €36.4 million.
This figure is heavily skewed by the ultra-luxury inventory from the Mareterra land extension. In fact, 56% of all new properties sold for more than €20 million, and seven individual transactions exceeded €100 million.
3. Rental Yields: The “3%” Recovery
For years, investors accepted yields of 1.5% or lower as the “cost of entry” for Monaco. In 2026, the math is becoming slightly more favorable for landlords.
- Gross Yield: Research indicates gross rental yields have risen to an average of 2.87%.
- Net Yield: Local experts note that achieving a net yield of 2.5% to 3% is now realistic, whereas 2% was considered a solid result just a few years ago.
This uptick in yield is driven by a tense rental market where demand continues to outstrip supply, particularly for renovated units. For a deeper dive into this, read our guide on All You Need to Know About Rental Yields in Monaco.
4. Rental Prices: World’s Most Expensive
If you are a tenant, the news is less encouraging. Monaco remains the most expensive place on earth to rent residential property.
- Average Rent: Prime monthly rents have risen by 6%, reaching €114.50 per square meter.
- Comparison: This places Monaco well above New York, London, and Hong Kong in terms of monthly rental costs.
5. District Performance: Larvotto vs. Jardin Exotique
Not all square meters are created equal. The disparity between districts has widened significantly.
- The Leader: Larvotto is the most expensive district, with resale prices surging 48.14% to reach €97,563 per m².
- The Riser: Jardin Exotique recorded a massive 36.43% price increase, driving values to nearly €50,000/m². This suggests a “catch-up” phenomenon where previously undervalued districts are being repriced.
6. Transaction Volumes: The 2025 Bounce Back
After a quieter period in 2023-2024, the market roared back to life in the first half of 2025.
- New Builds: The first two quarters of 2025 saw 57 transactions, the highest level since data collection began in 2006.
- Resales: The secondary market also saw a 36.8% increase in transaction volume year-on-year.
7. The Shift to “Family Units”
The market is no longer dominated by single tax exiles looking for studio apartments. The demographic has shifted toward families.
- The Stat: 71% of new build sales involved properties with 3 or more bedrooms.
- The Decline: Conversely, the share of studios and one-bedroom apartments in the sales mix has dropped from 58% to 49%.
8. Structural Supply Constraints
Understanding the “why” behind these prices requires looking at the total stock.
- Total Inventory: As of the latest census, there are only 22,168 dwellings in the entire Principality.
- New Delivery: While 2024 saw a bump with 159 new units delivered (mostly Mareterra), the pipeline remains incredibly tight relative to global demand.
9. Mortgage Rates & Financing
Despite the high prices, financing plays a role in the liquidity of the market.
- Current Rates: Mortgage brokers in the Principality estimate average interest rates at 3-4% for fixed loans.
- Impact: The stabilization of rates has helped fuel the resurgence in secondary market sales observed in 2025.
10. The 2026 Forecast: 4% Growth
What does the future hold? Analysts remain bullish on the Principality’s trajectory.
- Prediction: Major brokerages like Knight Frank are forecasting steady capital growth of approximately 4% for 2026.
- Long-Term: This aligns with the historical trend, where Monaco has averaged 5% annual growth over the past 30 years.
FAQ: Monaco Real Estate Stats 2026
Q: What is the average price of an apartment in Monaco?
A: The average price for a resale apartment is approximately €51,967 per square meter. However, new build properties are significantly more expensive due to their size and luxury amenities.
Q: Which district saw the biggest price rise?
A: Larvotto saw the highest jump (+48%), but Jardin Exotique also performed exceptionally well with a +36% increase, making it a district to watch for value growth.
Q: Is it better to buy or rent in 2026?
A: With rental prices rising (+6%) and yields improving (to ~2.87%), buying is becoming attractive again for those seeking stability, especially given the 4% capital growth forecast.
Q: Why are studio apartments selling less?
A: New residency rules require applicants to have housing “proportionate” to their household size. This has shifted demand away from small “administrative” studios toward functional 3+ bedroom family homes.
Looking to enter the market? Analyze the numbers with our 2026 Real Estate Forecast or explore the Hidden Costs of Buying Real Estate.
To ensure transparency and authority, here is the list of sources used to compile the statistics for this article. You can verify the data directly through these reports.
Sources
- Global Property Guide: Monaco’s Residential Property Market Analysis 2025
- Data used: Average resale prices (€51,967/m²), new build prices, rental yields (2.87%), and transaction volumes.
- Read the full report
- IMSEE (Monaco Statistics): Real Estate Observatory Report
- Data used: Official census data on housing stock (22,168 dwellings) and district-level price breakdowns (Larvotto vs. Jardin Exotique).
- Visit IMSEE
- Savills / Knight Frank: Prime Residential World Cities Reports
- Data used: Comparative rental costs vs. London/NY and 2026 capital growth forecasts (4%).
Disclaimer: Real estate data in Monaco is subject to low transaction volumes, which can cause statistical volatility. All figures represent the latest available consolidated data as of late 2025.