Monaco continues to attract ultra-high-net-worth individuals (UHNWIs) due to its political stability, unparalleled security, and advantageous tax regime, with no income or capital gains taxes. Demand for housing, especially larger properties, is rising as new residency rules require that the home matches the size of the household. Major real estate projects like Bay House and Mareterra aim to meet this growing demand, although most units are already sold prior to completion.
Despite a 10% drop in sales in 2023, property prices have risen by 38% over the past decade, further enhancing Monaco’s appeal as a prime destination for international wealth.
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