Penthouse & Triplex Monaco
27 November 2023
The Principality of Monaco is experiencing a growing demand for luxury apartments offering high-end services. Residences such as Penthouses, Triplexes, and Villas are increasingly sought after by a demanding clientele. Monegasque real estate developers have thus undertaken several projects to meet this demand by offering homes of several hundred square meters, equipped with exceptional amenities.
BUILDINGS OFFERING PENTHOUSE OR TRIPLEXES
Key developments such as 26 Carré d’Or, Tour Odeon, and L’Exotique are responding to this growing demand. The ambitious project of the eco-sustainable Mareterra district in Monaco, expected to be completed by 2024, embodies this trend, offering a mix of residential and commercial spaces with an innovative and sustainable approach. Among the iconic buildings in Monaco offering these exceptional properties, we can mention Testimonio II, One Monte-Carlo, Balmoral, Simona, Parc Saint Roman, Bettina, and many others.
GROWTH OF THE MARKET AND HIGH-END DEVELOPMENTS
In recent years, the real estate sector in Monaco has experienced substantial growth. The market has seen an 18.2% increase in transactions and a record value of 3.54 billion euros in transactions. This rise is fueled by the demand for spacious and ultra-luxurious properties, such as penthouses and triplexes.
LUXURY AMENITIES AND SPACES
The properties meeting this demand target an elite clientele and offer unparalleled luxury amenities. They extend over areas ranging from several hundred to several thousand square meters, often spread over several floors. These properties generally come with vast outdoor spaces offering breathtaking views of the Mediterranean, as well as private pools. These properties represent the pinnacle of Monegasque luxury.
COST PER SQUARE METER
These high-end apartments, in the heart of the Principality of Monaco, located in prime locations like Larvotto or Carré d’Or, remain rare and display prices per square meter reaching up to 100,000€.
AND EMERGING TREND ?
The demand is evolving to meet the requirements of an elite clientele wishing to settle in the Principality of Monaco. While these needs have always existed in Monaco, the real estate landscape in Monaco is evolving, meeting the needs of high-net-worth families and individuals. From historic apartments to modern penthouses, Monaco caters to a variety of tastes and preferences. As in capitals around the world, Monegasque real estate market experts are adapting to meet these demands.
In Conclusion The Principality of Monaco has always been a place of prestigious apartments, penthouses, triplexes, and villas. However, the demand is evolving along with the budgets and needs of the clientele.
If you are looking for real estate in the heart of the Principality, do not hesitate to contact our agency. We will present properties that meet all your requirements.