|Last Updated: Jun 14, 2013|
|MONTE CARLO - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||1,387,440||2,254||1.95%||34,686||56.36|
|75 sq. m.||2,581,725||3,747||1.74%||34,423||49.96|
|120 sq. m.||4,712,760||7,480||1.90%||39,273||62.33|
Monte Carlo: Monte-Carlo, Larvotto, and Saint Roman
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Apartments in Monte Carlo cost on average, EUR 34,000 to 40,000 per square metre (sq.m.). This means that a 40 sq.m. apartment costs around EUR 1,400,00 to buy. A bigger apartment at 120 sq.m. costs about EUR 4,700,000 to buy.
Monthly rents per sq.m. range from around EUR 50 to EUR 62. This means that a 40 sq.m. apartment can be rented out for around EUR 2,000 per month, while a 75 sq. m. apartment can be rented out for about EUR 4,000 per month.
Gross rental yields on apartments in Monte Carlo are very poor, ranging from 1.74% to 1.95%.
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