Things you should know:

• The average price per square metre increased by 9% and exceeded €50,000. 
• The market has increased by nearly 75 % in ten years.
• The real estate market remains affected by the health crisis and its economic consequences. In 2021, there were 29 transactions completed showing a 160 million increase in 2020. But total volume is down 5% and 17% in value in comparison to 2019. 
• Over the past decade, 557 new apartments have been delivered, including 90 in 2021. 
• Only 23 sales were new buildings in 2021, 30% of which are off-plan. 
• While the proportion of transactions under €5 million continues to fall, almost one in two properties was sold for between €5 and €10 million in 2021. 
• Housing, including public housing, represents 61% of the surface area built in the Principality. Almost half (43%) of the surface area built for residential use is located in the Monte Carlo and La Rousse districts. 
• In 2021, the number of resales increased (+5.6%) and again exceeds the 400 transaction mark. With the exception of 4-room apartments (-9.8%), the number of resales of each type of flat has increased. Nearly 80% of transactions concern studios, 2-room and 3-room apartments. This distribution is fairly stable over the decade.
• In 2021, the overwhelming majority of resales (nearly 8 out of 10) are of 3-room or less. 
• In Monte-Carlo, the district with the most transactions in the Principality, 60% of resales are of two-room apartments at most.
• After a slight fall in 2020 (-1.1%), the price per square metre shows a clear increase in 2021 and exceeds the symbolic increase and exceeds the symbolic €50,000 mark for the first time, approaching €52,000.