The most Important Facts about Monaco

That’s higher than some of the most expensive housing markets in the world, such as New York City and Hong Kong. In Hong Kong, the average price pre square foot is $2,859, while in Manhattan, real estate costs an average of $1,773 per square foot, according to NeighborhoodX. For a small one-bedroom apartment in Monaco, buyers can expect to pay at least $1.6 million, Alexander Kraft, chairman and CEO of Sotheby’s International Realty France–Monaco, told Mansion Global. Most “normal” apartments in the city-state cost between $2.2 million and $22.3 million, Kraft said, with the higher end penthouses going for more than $55 million. And prices are only going up — they’ve jumped more than 18% since 2017, according to Bloomberg.

November 17, 2021 | 6:19 pm