MONACO RENTAL MARKET Monaco, August 2014
DISTRICTS IN MONACO 2
RENTAL PRICES SUMMARY in Numbers of bedrooms 1 2 3 Monthly Average Total Rent 6'507 9'060 22'386 Monthly Average Charges 221 427 553 *LA = Living area *TA = Total area (Rent / LA*) 90 84 119 (Rent / TA*) 72 70 87 3
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 2014. 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 2014. 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
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 7 1 3 5 6 2 4 Living area in m2 (LA) Total area in m2 (TA) Terrace area in m2 93 80 70 52 97 80 62 93 100 85 63 130 101 86 0 20 15 11 33 21 24 Monthly Rent in 4 000 6 000 6 500 6 000 6 000 7 500 8 000 6 286 Monthly average total rent Monthly Charges in TOTAL Monthly rent in (Rent / LA) (Rent / TA) 200 350 0 500 500 0 0 221 4 200 6 350 6 500 6 500 6 500 7 500 8 000 6 507 45 79 93 125 67 94 129 90 45 64 76 103 50 74 93 72 Parking - 1 1 1-1 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 01/07/2014 09/01/2014 Immediately 01/10/2014 Immediately 01/10/2014 Immediately 5
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 2 11 8 6 14 15 4 1 9 Living area in m2 (LA) 70 90 70 90 95 79 142 103 84 Total area in m2 (TA) 70 90 70 110 146 99 152 128 114 Terrace area in m2 0 0 0 20 51 20 10 25 30 Monthly Rent in 4 200 4 500 5 500 6 000 6 000 6 000 6 500 6 500 7 500 Monthly Charges in 70 125 0 400 450 450 350 700 550 TOTAL Monthly rent in (Rent / LA) (Rent / TA) 4 270 4 625 5 500 6 400 6 450 6 450 6 850 7 200 8 050 61 51 79 71 68 82 48 70 96 61 51 79 58 44 65 45 56 71 Parking - - - - - - 1 1 1 Floor 2 1 - - 0 16 0 18 12 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 01/10/2014 01/11/2014 6
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 7 13 10 3 12 5 Living area in m2 (LA) 101 90 130 110 100 220 Total area in m2 (TA) 118 120 160 132 117 272 Terrace area in m2 17 30 30 22 17 52 Monthly Rent in 9 500 10 000 9 500 10 000 12 800 25 000 8 633 Monthly Charges in 360 0 800 650 0 1 500 427 TOTAL Monthly rent in (Rent / LA) (Rent / TA) 9 860 10 000 10 300 10 650 12 800 26 500 9 060 98 111 79 97 128 120 84 84 83 64 81 109 97 70 Parking - 1 1 1 1 3 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
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 1 9 10 5 8 4 2 7 3 Living area in m2 (LA) 135 180 120 195 275 125 170 276 260 Total area in m2 (TA) 135 260 120 245 315 256 260 563 300 Monthly average total rent Terrace area in m2 0 80 0 50 40 131 90 287 40 Monthly Rent in 6 500 13 500 15 000 18 000 20 000 25 000 28 500 30 000 40 000 21 833 Monthly Charges in 450 0 600 1 425 1 000 0 1 500 0 0 553 TOTAL Monthly rent in (Rent / LA) (Rent / TA) 6 950 13 500 15 600 19 425 21 000 25 000 30 000 30 000 40 000 22 386 51 75 130 100 76 200 176 109 154 119 51 52 130 79 67 98 115 53 133 87 Parking - 2-1 1-2 2 3 Floor 0 High 1 8 1 09-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 01/11/2014 01/10/2014 01/10/2014 Immediately Immediately Immediately Immediately Immediately Soon 8
RENTAL PRICES SUMMARY in Numbers of bedrooms 1 2 3 Monthly Average Total Rent 6'507 9'060 22'386 Monthly Average Charges 221 427 553 *LA = Living area *TA = Total area (Rent / LA*) 90 84 119 (Rent / TA*) 72 70 87 9
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 4 270 up to 26 500 10
AVD TEAM ANNE TSCHANZ VAKULA Founder and CEO SERGEY VAKULA Partner PATRICIA TURKMEN DAUTREBANDE ALICJA MAJEWSKA Partner anna@avd-monaco.com +377.6.40.62.25.92 sergey@avd-monaco.com +377.6.43.91.19.57 patricia@avd-monaco.com +377.6.43.91.80.20 alicja@avd-monaco.com +377.6.78.63.84.34
SARL VAKULA DAUTREBANDE Building Est- Ouest, 2 nd Floor 24 boulevard Princesse Charlotte 98000 MONTE-CARLO MONACO T +377 99 99 62 19 M +377 6 43.91.19.57 www.avd-monaco.com 12