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Jun 14, 2013

Rental yields remain very poor in Monaco


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
Districts researched:
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 1,400,000 to buy. A bigger apartment at 120 sq.m. costs about EUR 4,700,000 to buy.

Monthly rents range from around EUR 56 to EUR 62 per sq. m.. This means that a 40 sq.m. apartment can be rented out for around EUR 2,200 per month, while a 75 sq. m. apartment can be rented out for about EUR 3,700 per month.

Gross rental yields on apartments in Monte Carlo are very poor, ranging from 1.74% to 1.95%.





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