Monaco

Overview

Monaco is not part of France. That shapes everything about buying there. French DVF sales data, which we use for every French town on this site, does not cover the Principality, so there is no DVF table on this page. The official source is Monaco Statistics (IMSEE), which publishes a Real Estate Observatory each February from the records of the Department of Tax Services. Every market and population figure below comes from the 2025 edition published in February 2026 or from the 2025 population census.

At 31 December 2025 Monaco had 38,857 residents of 144 nationalities on a territory of about 2 km², an average density of 18,681 people per km². Monegasques were the largest group (9,333), followed by French (8,270) and Italian (7,559) nationals; there were 3,081 British residents.

The districts

Since a Sovereign Order of 13 September 2013, the territory has been divided into seven districts plus the reserved sector of Monaco-Ville. The table gives the resident population from the 2025 census and the IMSEE estimate of the price per m² of a transaction in 2025.

Monte-Carlo, around the Casino, is the largest resale market: 164 resales in 2025, nearly two in five of the total. La Rousse, on the eastern side towards the French border, came second with 100. Larvotto, along the beach, is the most expensive district and in 2025 passed €70,000 per m² for the first time; it recorded 13 resales worth €851.9 million, driven by recently completed buildings coming back to market. Next to Larvotto, the Mareterra eco-district has been built on land reclaimed from the sea; IMSEE lists five Larvotto developments delivered in 2024. Monaco-Ville, the old town on the Rock, has too few sales for an estimate. Jardin Exotique and Les Moneghetti, on the higher ground to the west, show the lowest estimates.

Property and prices

Monaco distinguishes between a sale (the first transfer of a dwelling in a building less than five years old) and a resale. In 2025 there were 493 transactions worth €5.9 billion in total:

1. 64 sales of new dwellings, with a mean price of €40.8 million and a median of €21.2 million. More than half exceeded €20 million.
2. 429 resales worth €3.2 billion, with a mean price of €7.6 million and a median of €4.0 million. 274 resales were below €5 million and 22 were above €20 million.

The mean resale price by size in 2025 was €2.0 million for a studio, €4.0 million for one bedroom, €5.5 million for two bedrooms, €10.2 million for three and €29.0 million for four or more.

IMSEE's citywide estimate of the price per m² was €57,569 in 2025, against €58,402 in 2024; for dwellings in buildings completed since 2020 the estimate was €65,602. This is a modelled average across sales and resales that excludes villas and Monaco-Ville. It cannot be compared directly with the DVF medians on our French pages, which are observed medians of recorded sales in each town. IMSEE also warns that its new method cannot be compared with its earlier editions.

Residence and buying

Buying a home and becoming resident are separate questions. Under Sovereign Ordinance No. 3.153 of 19 March 1964, a foreigner who intends to settle in Monaco or stay more than three months needs a residence card. For an ordinary resident card the applicant must show either authorisation to work in Monaco or sufficient resources. In a case before the Tribunal Suprême (no. 2021-08), the Government's position was that owning a flat does not by itself entitle the owner to a residence card and that residence must be real. Cards are handled by the Direction de la Sûreté Publique.

Purchases are completed before a Monaco notaire. The buyer pays registration duty, whose rate depends on whether the buyer is an individual or a company and on the company's transparency; the rates were revised by Law No. 1.548 of 6 July 2023. Ask the notaire to confirm the rate before you commit. Our guide to buying in Monaco sets out the process.

Monaco has its own rules for estate agents.

To be completed: confirm how Amber Connections may act on a Monaco purchase or sale under Monegasque agency rules

Schools and services

The Principality runs its own state schools, including the Lycée Albert Ier on the Rock, founded in 1910. The International School of Monaco offers an English-language and bilingual education. See our international schools guide for schools on the French side.

Getting around

Monaco-Monte-Carlo station is on the coastal railway between Nice and Ventimiglia. From Nice Côte d'Azur airport, the ZOU! bus 80 runs to Monaco and Menton, a helicopter service links the airport with the Monaco heliport and the road distance to the centre of Monte-Carlo is about 35 km, usually around 45 minutes.

Homes for sale

Homes in Monaco presented by Amber Connections, if any, appear below. If you work in Monaco but would rather own in France, our guides to Cap-d'Ail and Roquebrune-Cap-Martin and Menton cover those communes.

Frequently asked questions

Is there DVF price data for Monaco?

No. DVF covers French territory only. Monaco's official figures come from the IMSEE Real Estate Observatory, based on Department of Tax Services records.

What is the average price per m² in Monaco?

IMSEE estimates €57,569 per m² for 2025 across sales and resales, with Larvotto the highest district at €71,167 and Les Moneghetti the lowest at €43,797.

How much does a studio cost in Monaco?

The mean resale price of a studio in 2025 was €2.0 million, according to IMSEE.

Does buying a property give me residence in Monaco?

Not automatically. An ordinary resident card requires work authorisation or sufficient resources. The authorities also expect residence to be real. Take advice before you plan a move.

How many homes are sold in Monaco each year?

In 2025 there were 64 sales of new dwellings and 429 resales, 493 transactions in total.

Can I buy in France and live close to Monaco?

Yes. Cap-d'Ail borders Fontvieille and Roquebrune-Cap-Martin borders the eastern side of the Principality; both are covered by DVF and by our area guides.

Last updated: 11 October 2026