Monaco

Financial Overview

Property Search

Global Statistics

House Prices

Regional Statistics

Jun 30, 2012

Rental yields remain very poor in Monaco

			Last Updated: Jun 30, 2012
MONTE CARLO - Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
MONTE CARLO - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
60 sq. m.	2,223,720	2,633	1.42%	37,062	43.89
120 sq. m.	4,652,880	6,358	1.64%	38,774	52.98
200 sq. m.	7,464,200	11,704	1.88%	37,321	58.52
Districts researched: Monte Carlo: Monte-Carlo, Larvotto, and Saint Roman Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Apartment prices in Monte Carlo have continued to fall over the past year. Average prices per square metre (sq. m.) of apartments fell by 4% during the year to June 2012. Apartments located in Monte Carlo Proper, Saint Roman, and Larvotto are now selling for around EUR 37,000 to EUR 38,000 per sq. m. In the same period last year, prices per sq. m. ranged from around EUR 39,000 to EUR 40,000.

The fall in prices happened in spite of the new property tax law enforced in June 2011, which reduced by 40% the property registration tax payable by individuals purchasing property in their own name, from 7.5% to 4.5%.

Rental yields remain very poor, ranging from 1.42% to 1.88%.

Monaco - more data and information

Comments

Be the first to comment on this article!

Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.