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Monaco tops luxury real estate market in 2018

The Principality's property prices continue to rise

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Ana Hernández | Monaco Editor | Published: 6 Jun 2019

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Monaco tops luxury real estate market in 2018

In 2018, Monaco was still at the top of the luxury real estate market. According to Savills Plc, prices here were, on average, 176% higher than in London and 237% more than in the French capital, even topping Hong Kong by 10%.

The price per square metre has increased by 18% compared to 2017, reaching a whopping €48k according to the Monaco Statistics Office. The average selling price of the €2.7 billions in luxury properties sold last year, was over €5 million, almost double than in 2017.

These figures make Monaco the world's most expensive real estate market, as well as the best place to invest. Its tax benefits and beautiful weather make the Principality a desirable place to live for the rich and famous while its small size forces prices to rise with high demand.