MONACO RENTAL MARKET. Monaco, August 2014
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1 MONACO RENTAL MARKET Monaco, August 2014
2 DISTRICTS IN MONACO 2
3 RENTAL PRICES SUMMARY in Numbers of bedrooms Monthly Average Total Rent 6'507 9'060 22'386 Monthly Average Charges *LA = Living area *TA = Total area (Rent / LA*) (Rent / TA*)
4 METHODOLOGY AND DISCLAIMER All information in this table is provided by Real Estate agencies. The average prices reflect rental prices respectively for 1,2 and 3 bedroom apartments on the market as of August Only apartments publicly * on rent during this period were taken into account for the calculation (* on websites etc ) This analysis is based on observation of prices as of August It reflects past rental prices on the real estate market in Monaco and does not pretend to give any indication regarding the prices of rental which will be offered and observed in the future. 4
5 1 BEDROOM APARTMENTS FOR RENT Features /Name of the Building Radieuse Schuylkill Le Mirabeau Monte Carlo Sun Park Palace Sun Tower Le Millefiori Average Monthly Rental Price 1 Bedroom Appt Average Monthly Charges Price 1 Bedroom Appt AVD Number Living area in m2 (LA) Total area in m2 (TA) Terrace area in m Monthly Rent in Monthly average total rent Monthly Charges in TOTAL Monthly rent in (Rent / LA) (Rent / TA) Parking Floor 1 high high high high 7 high View Garden Sea,Port,Rock Sea District* (please refer to the map Nr 2) Park, swimmingpool Casino, sea Sea, Cap Martin Sea, Monte Carlo 02 Saint Roman 01 Monte Carlo 01 Monte Carlo 02 Saint Roman 01 Monte Carlo 01 Monte Carlo 01 Monte Carlo Available 01/07/ /01/2014 Immediately 01/10/2014 Immediately 01/10/2014 Immediately 5
6 2 BEDROOMS APARTMENTS FOR RENT (I) Features /Name of the Building Villa Bleue Palais Miramare Villa Lucia Le Millefiori Sardanapale Parc Saint Roman Palais Albany Parc Saint Roman Monte Carlo Sun AVD Number Living area in m2 (LA) Total area in m2 (TA) Terrace area in m Monthly Rent in Monthly Charges in TOTAL Monthly rent in (Rent / LA) (Rent / TA) Parking Floor View Street - Port Mountain, small sea Mountain, road Panoramic Small sea view Garden, swimming-pool Sea, city District* (please refer to the map Nr 2) 02 Saint Roman 01 Monte Carlo 09 Moneghetti 01 Monte Carlo 01 Monte Carlo 02 Saint Roman 01 Monte Carlo 02 Saint Roman 02 Saint Roman Available 01/09/2014 Immediately 01/08/2014 Immediately Immediately 01/10/2014 Immediately 01/10/ /11/2014 6
7 2 BEDROOMS APARTMENTS FOR RENT (II) Features /Name of the Building Eden Tower Shangri-La Les Caravelles Château Perigord II Park Palace Monte Carlo Star Average Monthly Rental Price 2 Bedrooms Appt Average Monthly Charges Price 2 Bedrooms Appt Monthly average total rent AVD Number Living area in m2 (LA) Total area in m2 (TA) Terrace area in m Monthly Rent in Monthly Charges in TOTAL Monthly rent in (Rent / LA) (Rent / TA) Parking Floor - 5 medium high high 5 View Port Port Port Sea Casino, sea Port, Rock District* (please refer to the map Nr 2) 09 Moneghetti 05 La Condamine 05 La Condamine 02 Saint Roman 01 Monte Carlo 01 Monte Carlo Available Immediately Immediately Soon 15/09/2014 Immediately 01/10/2014 7
8 3 BEDROOMS APARTMENTS FOR RENT Features /Name of the Building Villa Bellevue Victoria Palais Heracles Floridian Palace Royal Palais du Printemps Penthouse Port Château d'azur Marina de Fontvieille Average Monthly Rental Price 3 Bedrooms Appt Average Monthly Charges Price 3 Bedrooms Appt AVD Number Living area in m2 (LA) Total area in m2 (TA) Monthly average total rent Terrace area in m Monthly Rent in Monthly Charges in TOTAL Monthly rent in (Rent / LA) (Rent / TA) Parking Floor 0 High oct 14/15 18/19 High View Gardens, Mountains Sea, city Port Mountain, road Port City, sea Port,sea Beach Sea District* (please refer to the map Nr 2) 05 La Condamine 01 Monte Carlo 05 La Condamine 02 Saint Roman 05 La Condamine 09 Moneghetti 05 La Condamine 03 Larvotto 06 Fonvieille Available 01/11/ /10/ /10/2014 Immediately Immediately Immediately Immediately Immediately Soon 8
9 RENTAL PRICES SUMMARY in Numbers of bedrooms Monthly Average Total Rent 6'507 9'060 22'386 Monthly Average Charges *LA = Living area *TA = Total area (Rent / LA*) (Rent / TA*)
10 CONCLUSION Prices inside the same category (1, 2 or 3 bedrooms) vary a lot because they depend on: View on the sea / view on other buildings /almost no view Surface Area / district in Monaco Standing of the building Standing of the apartment Furnished or unfurnished Hence in August 2014, for a two bedroom apartments, the prices range from a total of monthly rent of up to
11 AVD TEAM ANNE TSCHANZ VAKULA Founder and CEO SERGEY VAKULA Partner PATRICIA TURKMEN DAUTREBANDE ALICJA MAJEWSKA Partner
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