But even at these sky-high prices, demand remains strong. Homes in Monaco routinely exceed €40 million ($43.5 million), and even a parking spot can cost an eye-watering €395,000 ($430,000).

Monaco delivered 159 new apartments in 2024--the highest completion rate since 1993--with Mareterra alone contributing 130 units in the Larvotto district. Demand for larger homes is also rising. In ...