Geographic Information
Description of Monaco
While the rest of the world has been fighting a large-scale financial crisis, Monaco seems to have slipped by like nothing happened. Since 2006, the average value of properties in Monaco has soared by no less than 50 per cent, which given the already eye-watering average in this billionaire’s playground is no minor hike. Rental yields remain some of the poorest in all of Europe – about 1.5 per cent is the best you can expect to get for an outstanding apartment in the heart of Monaco. What’s more, the 16 per cent buying costs are also much higher than most other areas of Europe, so investing in Monaco is by no means a cheap affair.
Nevertheless, when considering the gigantic property value hikes common in a region where seven and eight-figure properties dominate the market, the opportunities for shrewd investors are truly remarkable.
Current Property Prices in Monaco
38 properties listed for sale in Monaco
1 bed apartments:
7 listed for sale£1,391,854 to £4,289,362
Average: £3,297,681
2 bed apartments:
13 listed for sale£2,494,833 to £14,706,384
Average: £6,356,605
Key Facts:
Currency: EURTime Zone: CET (UTC+1)
DialCode: +377
Languages: French language
Capital: Monaco{{ref label
Population: 35,352
GDP: $5.424 billion