In its latest City Index 2025, international real estate firm Barnes Group has ranked the 50 most sought-after cities for individuals or families with assets of more than $30 million. For the first time, Monaco has entered the top five, joining Madrid, Dubai, Miami, and Milan at the summit of the global luxury real estate market.
“Luxury real estate has proven to be a bulwark against uncertainty,” notes Thibault de Saint Vincent, president of Barnes. “Cities like Monaco and Milan have made a spectacular leap in the rankings for their ability to offer a 360° experience thanks to advantageous taxation, quality infrastructure, and a refined art of living.”
Why Monaco Stands Out
Monaco’s appeal rests on its unique mix of security, political and economic stability, and favorable taxation. “People move to Monaco for its security, its political and economic stability, as well as its tax attractiveness,” emphasizes Florian Valeri, managing partner of Barnes Monaco. Unsurprisingly, the Principality is described as “by far” the favorite destination for many of the world’s wealthiest families.
Most Desirable Districts
Although Monaco covers just 2.08 km², certain neighborhoods stand out in the City Index. Fontvieille is in high demand for its seafront residences, pedestrian areas, and low traffic. Larvotto draws buyers to its beaches and the new eco-district of Mareterra, while the Carré d’Or remains a perennial favorite for its central location and luxury establishments.
What Buyers Seek
According to the report, small apartments—studios and one-bedroom units—are the most sought-after investments, while larger three- and four-bedroom residences attract younger families relocating to the Principality. The new Mareterra development has become a particular magnet for this clientele.
Beyond real estate, Monaco’s cultural, sporting, and gastronomic offerings add to its appeal. From Michelin-starred dining such as Alain Ducasse’s legendary Louis XV to a lively bistro and nightlife scene, the Principality balances exclusivity with vibrant social life.
A Safe Haven Investment
Barnes highlights the continued strength of Monaco’s real estate market, even with record prices averaging more than €50,000 per square meter. Demand remains robust, making property here not just a lifestyle choice but also a secure, long-term wealth preservation strategy.
For many ultra-high-net-worth families (including an expanding network of people from the LGBTQ community)—particularly from France, Italy, and the UK—Monaco is both a residence and a symbol of enduring prestige. With its new ranking among the world’s top five cities for the ultra-rich, the Principality’s reputation as a global haven for wealth and lifestyle has never been stronger.
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