1. The average price per square metre in Fontvieille is now higher than the Carré d’Or, but Larvotto remains the most expensive area to live in.
  2. The Park Palace shopping gallery at the top of Casino Square is about to get a facelift, and will be fully refurbished in a more modern style over the next 12 months.
  3. Parking spaces in Monaco typically cost between €200k and €300k, but they are so rare in buildings like Château Périgod, the price for one space can now exceed half a million euros.
  4. Population growth is typically around 5 times larger than the amount of new apartments being built every year in Monaco, helping underpin both demand and prices. 
  5. The first 19 floors of Tour Odeon are Monegasque social housing plus offices owned by the government with 156 residential units in the private sector on the floors above.
  6. The average price per m2 in Monaco currently stands at €47,619, an increase of 52 percent in the past 10 years.
  7. The ‘Extension de la Mer’ project is a true premium, low-volume development delivering only 140 luxury properties split between apartments, townhouses and private villas.
  8. The Monaco government offers cash rebates if you make energy related upgrades to your apartment including fitting new windows https://service-public-particuliers.gouv.mc/Social-sante-et-famille/Aides/Retraites-et-personnes-agees/Demander-une-subvention-pour-realiser-des-travaux-dans-un-appartement 
  9. Interest rates remain low enough that with a small amount of equity, interest only mortgage repayments are often lower than monthly rental costs. 
  10. 2021 could be a record year for Monaco sales transactions. Recent figures show an increase of over 10 percent in the first 6 months.

Icon Property, is a licensed Monaco real estate agency established in 2012 and has become one of the main players in the luxury Real Estate market in the Principality. Sales, rentals and management. www.icon-property.com