Prime Residential Ultra-prime city
Rank 02
Monaco
The world’s tightest ultra-prime island — €57k/sqm average, €71k in Larvotto, and almost no land left to argue with.
Photograph by Artur Borowski, CC BY-SA 4.0, via Wikimedia Commons, resized
Why it is here
Knight Frank’s Wealth Report still ranks Monaco the world’s most expensive prime city: USD 1mn buys 16 sq m. Savills, citing IMSEE, puts the 2025 average at €57,569/sqm and Larvotto at €71,167/sqm after Mareterra hit the resale book. 2025 cleared 493 transactions (+5.8%) for a stable €5.9bn — 64 new-builds (35 above €20m, five above €100m) and 429 resales. PGCI has Monaco +2.3% YoY to Q1 2026. More than 80% of residents are foreign nationals. Scarcity is structural, not cyclical.
Who it is for
UHNW households who will take residency friction in exchange for tax stability, 2 km² scarcity, and a marina-and-school stack they already use.
Sources
- Spotlight: Monaco 2026Avg €57,569/sqm; Larvotto €71,167/sqm; 493 deals / €5.9bn in 2025; 35 of 64 new-builds >€20m; five >€100m.
- Prime Global Cities Index Q1 2026Monaco prime +2.3% YoY and +0.3% QoQ.
- Wealth Report 2026 / PIRI USD 1mn trackerMonaco remains the world’s most expensive prime city: USD 1mn buys 16 sq m.
- What $1 million buys you in real estate around the worldConfirms Monaco at 16 sq m per USD 1mn in the 2026 Wealth Report tracker.
