Monaco’s property sector opened 2025 with exceptional momentum, logging €2.6 billion in residential sales between January and March. The figures mark the strongest first-quarter performance ever recorded across both new and resale transactions.

According to IMSEE’s first quarter economic report for 2025, new-build sales totalled €1.9 billion across just 42 transactions—a level of quarterly activity rarely seen, and only surpassed in value by the standout year of 2024.

The surge was primarily driven by the long-awaited handovers of apartments in the Bay House residences, part of the Testimonio II project, and the seafront Mareterra eco-district. These high-spec developments significantly expanded Monaco’s ultra-prime housing stock, fuelling demand among global buyers.

resales notch historic highs

Resale activity also exceeded expectations, with 128 properties changing hands in the first quarter—a 42.2% increase from the same period last year and the second-highest Q1 total since 2014.

The value of these transactions reached €734.9 million, up 31.2%, breaking the previous record by more than €170 million.

stability and supply shape the market

The data suggests a market that is not only resilient, but increasingly defined by rare inventory and premium launches.

With both ends of the market performing strongly, Monaco continues to attract interest from buyers seeking long-term footholds in the Principality.

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Photo credit: Cassandra Tanti, Monaco Life