Rental yields remain very poor in Monaco

November 03, 2022

Last Updated: Sept. 08, 2022
MONACO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Monaco (all locations)
Studio €1,850,000 €2,900 1.88%
1-Bedroom €3,200,000 €5,400 2.03%
2-Bedroom €5,800,000 €10,800 2.23%
3-Bedroom €7,500,000 €17,000 2.72%
4+Bedroom €16,700,000 €49,900 3.59%
Monaco avg. Rental Yields 2.49%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Gross rental yields on residential property in Monaco have long been very low.  This is a city that plays host to exceptionally rich people, with always more buyers than renters, which pushes property prices up. Conversely, gross rental yields are poor. We found a 1.88% to 3.59% return on investment per annum. 

We found that the downward trend in yields which has taken place as Monaco property prices have risen dramatically over the past two decades appears to have stalled during the past year because rents have risen very slightly. 

Round trip transaction costs are high on residential property in Monaco. See our Monaco property transaction costs analysis and our Monaco transaction costs compared to other locations