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Elite real estate is a popular investment choice for the world’s Ultra-High-Net-Worth-Individuals. According to a recent real estate report, more than 20% of UHNWIs are considering a luxury real estate acquisition in 2024. With multiple destinations vying to attract wealthy individuals with super prime developments, knowing where to invest is often the hardest hurdle for UHNWIs and their financial advisors to overcome.

However, for UHWNIs looking for the world’s most exclusive luxury real estate market, it must be the Principality of Monaco. The city-state has long been known as the destination for the world’s rich and famous, thanks to its economic and political security, enviable location on the Cote d’Azur, luxury lifestyle, and superb infrastructure and amenities. 

Such is demand that Monaco boasts the highest real estate prices in the world, with the 2024 Real Estate Observatory Report stating that the average price per square metre was just over 51,000 Euros. In comparison, Hong Kong, the second most expensive real estate market, has a reported per square metre price of around 45,000 Euros.If you’re considering making a Monaco real estate investment, read on. 

The elite real estate market in Monaco


Monaco’s elite real estate market rivals any other destination in the world. UHNW investors can choose from a superb selection of luxury apartments and penthouses, many built by award-winning architects and designers. Over the years, Monaco’s luxury real estate market has delivered healthy returns for investors. According to the latest Real Estate Observatory Report published in February 2024, real estate prices have risen by over 38% in the last decade.

There are several elite real estate developments that are scheduled for completion. Two of the most popular with UHNW investors are Bay House and Mareterra.

Bay House is located in the exclusive district of Larvotto, with residents set to enjoy beautiful sea views and luxurious building services, including valet services, a swimming pool, gym, concierge services, private parking, and relaxation spaces.Mareterra is one of Europe’s most ambitious land reclamation projects that will create an entire new eco-district. The luxury development will include ultra-exclusive apartments, penthouses, townhouses, and rare waterfront villas with superb green credentials and a host of luxury amenities.

Monaco’s world-class amenities and services


The Principality’s world-class amenities and services are designed to cater to the world’s most discerning individuals. Beyond the ultra-luxury resorts, designer boutiques, restaurants, and spas which appeal to UHNWIs in search of a luxurious lifestyle lies a diverse and vibrant economy underpinned by Monaco’s excellent reputation on the international stage.

Monaco boasts a world-class financial infrastructure and is now regarded as a leading centre for international business. Residents can benefit from access to superb financial institutions, wealth advisors, and family offices.

Furthermore, business in Monaco can further flourish thanks to an excellent technological infrastructure. The Principality was the first country in the world to roll out 5G, while businesses further benefit from the city-state’s dedicated Cyber Security Agency, which adheres to robust global standards.

Monaco private clubs


The ability to network with other like-minded individuals further adds to the moneyed city-states’ allure. Monaco’s exclusive private clubs offer a luxury retreat to mingle with VIPs, royalty, titans of industry, and media moguls and forge beneficial connections, both personally and professionally. Some of the most exclusive private clubs include:

  • The Monaco Yacht Club: Founded by the late Prince of Monaco, Rainier III, the Monaco Yacht Club is the Principality’s most exclusive private members club, requiring two sponsors who are members of the club, approval by the club’s president, the ruling Prince Albert II, and an un-disclosed joining fee. Members benefit from access to the club’s VIP events, both social and sporting, restaurants, bars, meeting rooms, and a library.
  • 39 Monte Carlo: This private sports club is the brainchild of a former professional rugby player and offers a new way of living while enabling owners to realise their fitness potential. The best private club for fitness enthusiasts and those who wish to enjoy a healthy lifestyle, members enjoy access to a superb roster of amenities, including a dedicated sports floor with the latest equipment, beauty rooms, elegant living areas, and a restaurant serving up healthy dishes made from the best seasonal ingredients.
  • CREM:  The Club of Foreign Residents of Monaco is a non-profit association where foreign residents living in the Principality can meet other like-minded individuals. The club offers a busy roster of activities and events for members throughout the year, spanning cultural, sports, educational, and professional. The club boasts members from more than 40 different countries, offering a highly global perspective.

How to invest in the luxury real estate market in Monaco

With land at a premium and rising demand, Monaco boasts a fast-moving elite real estate market. Working with an experienced luxury real estate broker helps UHNWIs navigate the Principality’s luxury real estate market. 

La Costa Properties Monaco is a leading real estate brokerage and a member of the Chambre Immobiliere de Monaco. Our team boasts unparalleled expertise and market intelligence, empowering clients to make the right real estate investment decisions. If you want to start your elite real estate investment, contact the team a La Costa Properties Monaco today.

Joanna Lewis
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