Monaco Real Estate News
Monaco
Monaco's Property Market: A Tale of Two Cities
A new report by Knight Frank reveals a striking divergence in Monaco's property market. In 2024, the average price of newly built properties skyrocketed to €36.4 million -- six times higher than the €6 million average for resales.
Monaco's Exploding Wealth Immigration Drives Intense Housing Pressure
According to property consultant Knight Frank, the Principality of Monaco, with a population of 38,367, is home to around 141 nationalities, all within an area just over half the size of Central Park.
Dubai, Palm Beach and Miami Lead World's Super Luxury Home Sales
Based on new data from global property consultant Knight Frank, 463 sales of properties valued at $10 million or more were recorded in the three months leading up to June 2024 across 11 key markets. This figure is slightly lower than the 476 sales recorded in the previous quarter.
European Hotel Values Still Below Pre-Covid Prices
According to the annual European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS, hotel values across Europe remained steady in 2023 buoyed by the consolidation of the post-pandemic recovery and a steady desire to travel keeping average room rates strong.
