April 27th: Cocktail featuring Savills at Club 39

We were pleased to host a cocktail on Thursday, April 27th at 6:30 PM at Club 39 featuring Kelcie Sellers from Savills World Research UK & Irene Luke, Head of the Monaco Office who will talk about Monégasque real estate in a global setting.

Founded in the UK in 1855, Savills is one of the world's leading property agents. Their experience and expertise span the globe, with over 700 offices across the Americas, Europe, Asia Pacific, Africa, and the Middle East giving them wide-ranging specialist and local knowledge to provide best-in-class advice to help individuals, businesses and institutions make better property decisions.

While many markets began to struggle in the second half of 2022, Monaco real estate experienced a bumper year. Over the year, there were 520 transactions across the Principality, which while lower than the highs seen between 2014 and 2016, is 10% above transaction volumes seen in the past five years. After a record-breaking year for pricing in 2021, where prices surged past the €50,000 per square meter barrier, 2022 saw the smashing of another record. For the first time, total transaction volume came to €3.5bn for the year, nearly three-quarters of a billion euros higher than the previous record, set in 2019. The Savills team dissected this performance and compared it to other cities.