Monaco 2026: Continued Growth in an Exceptionally Limited Market
The Principality of Monaco now counts 38,857 residents representing 144 nationalities, reflecting a 1.1% year-on-year increase. Despite its size of just 2.09 km², Monaco continues to attract a highly international population, reinforcing its position as a global residential hub.
A more diverse resident base
Recent demographic data highlights steady growth across several communities. The British population saw the strongest increase, rising by 163 residents to reach 3,081, followed closely by continued expansion among Italian nationals. The Russian community now exceeds 1,200 residents, while North American, Swiss, and German residents also recorded notable gains.
Rather than concentration around one group, Monaco’s population is becoming increasingly diversified, reflecting its broad international appeal.
A structurally constrained property market
Around 80.6% of Monaco’s housing stock — approximately 18,200 units — sits within the private sector, which is effectively the only segment accessible to foreign buyers and tenants. With land availability extremely limited, even major projects like Mareterra only marginally expand supply.
This creates a market defined by structural scarcity rather than short-term cycles. Demand continues to build steadily, while supply remains tightly capped by geography.
Long-term fundamentals remain unchanged
The latest figures reinforce a consistent reality: Monaco’s real estate market is shaped by persistent scarcity, strong international demand, and a uniquely constrained supply base — factors that continue to underpin its long-term resilience.
Savills Monaco
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