Apartments for sale in Monaco
Located between the beautiful European countries of France and Italy, Monaco is an attractive destination for those looking to invest in luxurious international real estate. The Principality of Monaco offers a wealth of appealing properties in its small area of about 2 square kilometres. Every year, the desirable weather, exceptional safety, and advantageous tax system persuade hundreds of new residents seeking a lifestyle of prestigious comfort to make Monaco their new home.
A majority of new residents begin their enjoyment of the Monaco lifestyle in glamorous luxury apartments. Due to the limited size of Monaco, residential properties mainly are placed in grand, tall apartment structures designed to fit a large amount of amenities in a compact area of prime real estate. Although very few larger properties, such as villas, are available for sale, Monaco offers a wide selection of penthouses, studio and multi-bedroom apartments, duplexes, and triplexes.
Monaco’s real estate statistics show that a majority of properties sold in 2016 were studio, one-bedroom, and two-bedroom apartments. Due to high demand, larger apartments in Monaco are rarely available for sale. Monaco offers enticing residential opportunities throughout its naturally elegant districts, such as Monte Carlo, La Rousse, Fontvieille, La Condamine, and Larvotto.
Apartments for Sale in Monte Carlo
Monaco’s most prestigious properties can be found in Monte Carlo. The Carré-d’Or, or Golden Square, section of Monte Carlo is known for its iconic casino and apartment buildings. It offers a classic and modern ambience of royalty. Luxury complexes dot the skyline, such as Le Metropole, the Park Palace, the Floralies, George V, Le Mirabeau, and the Petite Afrique. Monaco’s most expensive luxury apartments are located in Monte Carlo, with prices over €100,000 per square metre. Monte Carlo’s highly popular luxury apartments range in size from 40 sqm to 400 or more. With a culture rich in history, fine dining, designer shopping, and seaside views, Monte Carlo offers the finest in world-class apartments.
Apartments for Sale in Monaco’s Other Districts
Each district in Monaco offers something special.Monaco’s districts outside of Monte Carlo are less expensive, with typical listing prices ranging from €35,000 to €60,000 per square metre. The La Rousse district offers a five-star lifestyle and Monaco’s tallest residential building. Stunning waterfront views can be enjoyed in Fontvielle. It has the newest and largest luxury apartments available in Monaco, with units starting in size at over 200 square metres. With proximity to the first-class Circuit de Monaco, La Condamine attracts F1 enthusiasts. Luxurious apartment complexes are located throughout Monaco’s Larvotto, Moneghetti, and Jardin Exotique districts, as well.
Monaco’s real estate market is expected to continue growing, opening up more opportunities to invest in luxurious apartments in Monaco’s beautiful districts.