15/05/2025
📊 Monaco 2024: Two Markets, Two Realities
👉 New vs. Resale: the gap is widening.
While global real estate searches for balance, Monaco stands out. In 2024, 101 new-build sales were recorded—up from just 28 in 2023. The reason? Two names: Mareterra and Bay House.
💡 Key Takeaways:
🏗️ Avg. new property price: €36.4M
🏛️ Avg. resale property price: €6M
📈 Avg. price per m²: €51,967 (a record)
🏘️ 57 new sales > €20M, 7 > €100M
🔹 New developments are reshaping Monaco:
Mareterra (€2B project) redefines Larvotto with units exceeding €100,000/m²
Bay House delivers prestigious villas and apartments, building on Testimonio II
🔹 Resale market remains resilient:
Despite fewer deals, prices rise—especially for studios and 2-beds
19 resales over €20M, double from a decade ago
🧠 Strong Trend: Rising demand for turnkey family homes, driven by the new international school and Monaco’s unique lifestyle 🌍👨👩👧👦
🎙️ “With few projects underway, prices are likely to continue climbing.”
– Sébastien Le Graverend, Balkin Estates
👉 At Balkin Estates, we guide you through this specialized market—whether you're looking to invest in prestige or sell at the right time.
📍 Contact us for exclusive listings in Monaco.