MONACO, 1 MARCH, 2023 – Caroline Olds Real Estate has revealed a host of new luxury apartments for sale following robust growth in the past year for Monaco’s real estate sector.
In total, the principality saw an 18.2% increase in sales over the past year in terms of volume with a count of 520 transactions. The market value reached and unprecedented amount of 3.45 billion euros after an increase of 51.8% according to IMSEE. This evolution is mainly due to the new housing market, which quadrupled in volume and quintupled in value, bringing it to 88 flats sold for 1.19 billion euros, due to numerous flat deliveries and ongoing construction projects. Sales of apartments with 4 rooms or more contributed to over 80% of new housing transactions. Although, at a more moderate pace, the existing property market is also growing with 432 transactions (+3.6%) for 2.32. billion euros (+12.1%).
Caroline Olds estate agents announced this week new exclusive luxury apartment listings for in-demand quarters such as La Rousse – Saint Roman, Fontvieille, Condamine and the prestigious Carré d’Or, renowned for its elegant architecture, spectacular views and central location.
With international travel expanding in 2023, Monaco is set to welcome an influx of tourists and host once again the Monaco Grand Prix later this year. With increasing demand for premier locations, the world’s elite have begun acquiring the latest properties on the market, with some of the principality’s most sought after villas offering spectacular panoramic views of the Mediterranean.
To discover the latest luxury apartments for sale in Monaco, visit the Caroline Olds Real Estate website to learn more. Visitors can explore a range of live listings and also get in contact for off-market properties.
About Caroline Olds
Caroline Olds Real Estate is a boutique agency located in the heart of Monaco offering a wide variety of luxury properties to local and international buyers. For over 10 years, we have provided a service based on excellence and close relationships, enabling property investors to make informed decisions with complete confidence. Through our established relationships with local service providers, banks and businesses, we ensure our clients receive the very latest advice and support on all aspects of owning and managing their properties in Monaco.