Join Savills Spotlight on Monaco 2023 Webinar - A Booming Residential Property Market

Monaco has long been a favoured destination of the world’s wealthiest, thanks to its political and economic stability, favourable fiscal environment, and excellent climate and quality of life. In our latest Spotlight: Monaco – 2023 report, we explore how this long-standing appeal has contributed to a booming residential property market over the past decade and beyond, uncovering recent price and rental movements, the growing new-build market, and what we predict for the Monaco property market.

Download the report here.

Interested in finding out more?
Join our webinar on Tuesday 4 April where our panel of property experts take at look at how the Monaco market performed in Monaco over 2022 and what we can expect in 2023. We will also welcome a guest speaker, Birgitta Bondonno, who will discuss everything you need to know about taxation, if you’re considering moving to Monaco.Interested in finding out more?

For the first time the average property price in the Principality has crossed the €50,000 per square metre threshold, firmly cementing Monaco as the most expensive location to purchase residential property globally. This is a 9% increase from 2020 and a 74% increase over the decade.

REACHING NEW HIGHS

Average prices in the Principality have topped €50,000 per square metre for the first time

As the world learns to live with Covid-19, business continues apace in Monaco. The Principality has managed the pandemic well, and at the time of writing, has begun to ease its health measures in concert with falling infection rates. This has contributed to a bumper year for the property market within the Principality, with the perceived stability boosting desirability and pushing prices to all-time highs.

For the first time the average property price in the Principality has crossed the €50,000 per square metre threshold, firmly cementing Monaco as the most expensive location to purchase residential property globally. This is a 9% increase from 2020 and a 74% increase over the decade.

Read the full report