Monaco remains the most expensive real estate market in the world, however, prices throughout the country were stable in 2017 — at a level of €53,000 per square meter. At the same time, some apartments in demanded areas exceeded €100,000 per square meter.
Most deals in 2017 were concluded in the segment below €5 million, but the number of transactions with a residential property at a price of €5 million has increased significantly over the past decade. While in 2008, this category accounted for 12% of sales, by 2017, the rate was 23%, according to PropertyWire.
Knight Frank bureau in Monaco notes that most sellers who put up their homes for sale make a deal very quickly. Many sell large apartments because they want to buy a smaller apartment or buy a second property.
