Monaco Remains the World’s Most Expensive Country to Buy Real Estate

Let Us Help You Navigate Your Property Journey!

The Principality held onto the title
despite a 39% drop in sales of properties priced at €10 million or more in 2020.

Monaco continues to be the priciest country to buy a home. 

• The average price per square metre was €47,600 (approx. US$55,800) in 2020, a 1.1% dip from 2019.
• Transactions in 2020 dropped 11% compared to 2019, with deals for villas and apartments with four or more bedrooms down 53% and 38%, respectively. 
  
• In addition, sales of properties priced at €10 million or more plummeted 39%.
  
• Transactions in the Monte Carlo area of Monaco made up the largest portion of 2020 sales, 34%, and it saw a 14% increase in deals.
• The overall decline in sales in Monaco was mainly due to travel restrictions caused by the Covid-19 pandemic last 
• Covid-19 Restrictions have also impacted the rental market, which saw an average price decline of 23% in 2020, to €89 per square metre.

International interest in Monaco continued throughout 2020 and we have seen an increased interest from those looking to relocate to Monaco. 

It is certain there will be an increased demand for both sales and rentals once travel restrictions are fully lifted, making the Principality a great place to invest in real estate. 

Monaco stands out globally as one of the safest locations to be a resident and own real estate.

How we help you

Our multi-lingual specialist team manage your real estate in Monaco as a private banker would manage your funds on the markets to optimise your yield. We can handle all aspects and represent you in your property affairs in Monaco. 

We are proud to manage a large number of rental properties in Monaco for clients across the globe. Balkin Estates-Knight Frank Monaco have 0% vacancy on our management portfolio of rental apartments due to our skilled experience of choosing “the right tenant” with solid references.

We share our experience, key local connections and add our personal touch to help our clients structure their investment portfolio in a safe, cosmopolitan environment with secure long-term appreciation.

A 6 monthly report is meticulously collated and sent to you advising on all activities relating to your property.

Handling everything from start to finish

When it comes to sales, once again we handle everything from start to finish. With prime placement and editorial coverage in local, national/international publications, and social media, our experienced in-house team create high-impact marketing and attract qualified buyers for your home.

At Balkin Estates-Knight Frank we focus on providing customised real estate solutions tailored to our client’s individual needs.

As a Monaco-owned company, we have a proven history of sales success, property management and excellent tenant relationships. Our extensive local market knowledge and experience with high-level clientele make us the optimal choice for all your real estate needs in Monaco. 

Contact us today for more information on relocating, adding to your investment property portfolio, property management or sales in Monaco.

Email: info@balkin-estates.com

Tel: +377 93 50 3000