- MICHELE TECCHIA: “EVERYTHING YOU SHOULD KNOW ABOUT THE REAL ESTATE MARKET IN MONACO”
When it comes to luxury real estate, there is no place quite like Monaco. The small country off the French Riviera has long been known for its luxury and stature as international capital,” explains Michele Tecchia. Whether you are looking to buy or sell a home in the principality, you’ll find that it is not easy to find listings with the right price, location, and design. However, that doesn’t mean the market is saturated. In fact, at current rates of appreciation and growth, it looks poised to become even more exclusive in the coming years. Here is everything you need to know about the real estate market in the city. Read more.
In the world, Monaco’s principality has the highest price per square meter. “A new record was broken in 2021 Monegasque real estate according to a report published by the Monegasque Institute of Statistics and Economic Studies (IMSEE) at the end of January,” says Monaco-based real estate agent Michele Tecchia, based on the annual. For the first time, the average price per square meter exceeded €50,000. The principality’s average price per square meter in 2012 was almost €30,000. An increase of 75% has been recorded in the past ten years to reach €51,912. Read more.