Savills Monaco | Riviera Radio
Founded in the UK in 1855, Savills is one of the world's leading property agents. Our experience and expertise span the globe, with 600 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East.
Our scale gives us wide-ranging specialist and local knowledge, and we take pride in providing best-in-class advice as we help individuals, businesses and institutions make better property decisions. Our Monaco real estate agency is ready to help you.
REACHING NEW HIGHS
Average prices in the Principality have topped €50,000 per square metre for the first time
As the world learns to live with Covid-19, business continues apace in Monaco. The Principality has managed the pandemic well, and at the time of writing, has begun to ease its health measures in concert with falling infection rates. This has contributed to a bumper year for the property market within the Principality, with the perceived stability boosting desirability and pushing prices to all-time highs.
For the first time the average property price in the Principality has crossed the €50,000 per square metre threshold, firmly cementing Monaco as the most expensive location to purchase residential property globally. This is a 9% increase from 2020 and a 74% increase over the decade.
Fraser and Candice from Savills Monaco give us a brief update on recent real estate activity in the Principality and tell us more about the upcoming Savills Monaco Market Spotlight.
Irene Luke from Savills Monaco gives us an update on property statistics for both sales and rentals in Monaco.