Gross rental yields on residential property in Monaco have long been very low.  This is a city which plays host to exceptionally rich people, with always more buyers than renters, which pushes property prices up.  Conversely, gross rental yields are poor. Last year, we found a 1.3% to 1.75% return on investment per annum. 

Last year, 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. 

This year, we were unable to get sufficient data to produce rents figures.

Apartments in Monte Carlo cost on average EUR 35,000 to EUR 51,000 per square metre (sq.m.), or EUR 3,252 to EUR 4,767 per square foot, tending to be more expensive per metre at the larger end of the scale. A 50 sq.m. apartment (430 sq. ft.) costs around EUR 1,740,000 to buy. A lot of money for a shoebox!  A bigger apartment of 120 sq.m. (1,291 sq. ft.)  costs about EUR 5,340,000 to buy.   

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