Growing Demand for Monaco Property – Enness Managing Director Comments

A few years ago, many high-net-worth buyers viewed Monaco primarily as a second-home destination, spending only part of the year in the principality. However, demand for larger homes and more permanent bases increased significantly during and following the Covid-19 pandemic.

For many of the world's wealthiest individuals, Monaco's combination of security, lifestyle, financial infrastructure and international connectivity has strengthened its appeal as both a family home and a centre for wider wealth and business interests.

Monaco remains one of the world's most expensive residential property markets, with average prices exceeding €48,000 per square metre at the time. Major developments have continued to reflect the limited availability of land, including Portier Cove, a large-scale extension being created on reclaimed land.

The pandemic also increased the importance many buyers placed on space, security and access to high-quality healthcare. These factors contributed to growing interest from international buyers considering Monaco as a more permanent place of residence rather than simply a location for occasional visits.

Enness Global saw continued interest from high-net-worth buyers looking to enter the Monaco property market, with demand coming from Europe, the UK, the Middle East, Asia and Africa.

For internationally mobile clients, property finance can play an important role in supporting a move to Monaco while preserving liquidity and maintaining wider investment strategies.

As demand for security and flexibility became increasingly important to wealthy individuals, Monaco's tightly controlled environment and established position as a global wealth hub continued to support its long-term appeal.