Monaco rental market 2025: a historic rise in rents
Publié par Paolo Petrini le 19/08/2025
Temps de lecture
8
min.
Monegasque Real Estate Market
In this month of August 2025, after eight months of particularly strong activity, Monaco’s rental market is showing unprecedented momentum. Our analysis is based directly on transactions carried out by our agency, providing a concrete and current view of how the sector is evolving. Our clients who wish to settle in Monaco have enabled us to compile interesting data for this report. Rents have recorded an average increase of between 8 and 15% since the start of the year, with even an exceptional record of +37% observed on a prestige apartment. This trend, revealed by our internal data, confirms the growing tension between a structurally limited supply and ever‑stronger international demand, consolidating Monaco as one of Europe’s most attractive and resilient markets.
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Updated August 2025
Monaco rental market 2025, key points
Data from the Petrini Exclusive Real Estate Monaco team · analysis based on our lettings completed between January and August 2025
Concise summary of the trends observed across our mandates and re‑lets, with a sustained volume of operations that gives us a precise day‑to‑day read of the market.
+8 to +15%
Average rent increase observed in 2025
+37%
Peak increase observed on a re‑let (ultra‑prime)
≈ +€500/month
Recent re‑lets of 1–2‑room units, strongest pressure
Fontvieille
Strong demand, along with Larvotto and the Carré d’Or
Rent trends beyond the numbers
Internal data analyzed by Petrini Exclusive Real Estate Monaco in 2025 confirm a general increase across all apartment types. In the small‑unit segment, a one‑bedroom we manage rose from €5,300 to €5,800 per month in one year, an increase of 9.5%.
This property was taken immediately, with no negotiation, illustrating the extreme scarcity of this type of apartment. Another example concerns a large five‑room family unit, also handled by our agency, whose rent rose from €24,000 to €26,000 over the same period, i.e., +8.3%.
Although the percentage increase is slightly lower, the rise remains considerable in absolute terms and shows the sustained appetite for large units. These observations from real transactions confirm a central finding: demand remains strong across all segments.
Small units are under pronounced proportional pressure, while family apartments between €20,000 and €25,000 per month face a genuine shortage. In several recent cases, these properties were rented in under a week, sometimes solely via our website, without multi‑agency distribution.
Monaco rental market in 2025: why such pressures?
The Principality confirms its role as a safe haven in an unstable world. Exceptional security, a unique tax advantage, political stability and high‑level infrastructure form an attractive foundation. More and more families choose to make their everyday life here. They enroll their children in renowned international schools, benefit from one of the safest living environments in the world and join a dynamic economic ecosystem.
The profile of newcomers illustrates this shift. Whereas Monaco once attracted an older clientele oriented toward retirement, demand now comes from younger families and entrepreneurs. Our internal data show sustained arrivals from the United Kingdom, often impacted by the end of the “non‑dom” status, but also from Italy, Belgium and Switzerland. We are also recording growing demand from Germany and the Netherlands.
This diversity strengthens Monaco’s role as an international hub for business and family life. On top of this international pressure come local factors. The renovation of the Schuylkill building has, for example, led to the rehousing of nearly 200 families, adding to already very high demand. In a country where the private stock is structurally limited, every variation in supply heightens pressure on rents. Finally, the past two years have seen less fluid sales. Record acquisition prices and unfavorable interest rates have encouraged many residents to extend their rental. This has reduced available supply and fueled rising rents. Nevertheless, since May–June 2025, we have observed a clear rebound in purchase interest, with more viewings and targeted requests. This renewed appetite is a positive signal for Monaco’s property market as a whole.
Outlook for Monaco’s real estate market in 2026
Monaco’s rental market remains tight in 2025. With around 21,000 dwellings recorded, nearly 4,000 of which are reserved for nationals, only 17,000 private properties truly feed the sales and rental market. Compared with a population of more than 39,000, this equation illustrates the structural scarcity that sustainably supports rising rents.
Our internal data confirm that the room for negotiation has shrunk considerably. This mechanism should continue: we anticipate upward stabilization through the end of the year, before a possible balancing phase if the sales market regains more fluidity in 2026–2027.
This analysis also resonates internationally. Recent media coverage of our observations by TF1 in the show 50 Minutes Inside, the British press and our interview in the Sunday Express, as well as the Italian channel Nova Lectio documenting why Monaco is so attractive, shows how much Monaco’s real estate market attracts global interest. Property in the Principality remains a marker of stability, prestige and confidence. This dynamic is set to continue. After the completion of Mareterra, no new sea‑extension project is planned for several decades. This lack of territorial expansion prospects reinforces Monaco’s structural scarcity and explains the sustained pressure on rents.
Our conviction is clear: Monaco will continue to attract families, investors and entrepreneurs, and rental pressure will not weaken. As Eugenia Petrini points out, Monaco’s property market moves in cycles. Over the past two years, the absence of purchases has mechanically strengthened rental demand and created unprecedented tension.
Since spring 2025, however, we have observed renewed interest in buying. If sales pick up, pressure on the rental market could begin to ease by 2026 or 2027. Rents would nevertheless remain high, as Monaco is characterized by exceptional resilience and by adjustments that always remain within levels specific to the Principality.
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