According to the study by international luxury real estate specialist Knight Frank, published in 2021, Monegasque real estate prices are the highest in the world.

Prices that break all records… No doubt, the Principality dresses the big fortunes! The latest study by Knight Frank unsurprisingly reveals Monegasque supremacy in the international real estate market.

Monaco has been at the top of the property price podium for several years now, attracting wealthy foreign investors. According to the British agency Savills, the average price per square meter in the Principality comes to € 47,600.

A million dollars for a 15 square meter

By way of comparison, Knight Frank revealed the type of real estate that could be acquired with the modest sum of one million dollars (approximately 880,000 euros). In Monaco, this money will allow you to become the proud owner of a studio of… 15 square meters.

In comparison, that same amount gives you access to an apartment of 23 square meters in Hong Kong, 31 square meters in London, 34 square meters in New York and 35 square meters in Geneva. Singapore, Paris, Los Angeles, Sydney and Shanghai occupy the bottom five places in the ranking of the most expensive cities in the world.