November 02, 2019
Dear owners of Monaco apartments , here are some good news: The amount of real estate transactions made in Monaco in 2018 amounted to ten billion euros, it is constantly increasing each year and the resale price per m2 oscillates between 41 000 and 65 000 Euros for newer apartments. So, you want to sell? We guessed it! The when, how, and with whom thus remains.
It's a great time to sell your apartment in Monaco and here's why.
Firstly, global growth has been buoyant for two years and the year 2017 marked a clear return of confidence in real estate investment, confirmed in 2018. From now on, the owners are reassured and take full advantage of the many perks of owning an apartment in The Principality and are considering putting it on sale on a real estate market in great shape where demand is high.
Secondly, many wealthy non-residents from the United States, London, Switzerland and Luxembourg return to position themselves as claimants in the luxury market and in particular that of Monaco and the South of France.
Each city, each neighborhood has its specific geographical features, its history, its particularities that is reflected in its real estate market and that of Monaco is unlike any other.
2) Second rule: Propose a realistic selling price in relation to the market price
Even if each Monaco property can appear unique and can justify a very high price at the beginning, it is important to display a price connected with that of the market, for comparable goods or equivalent. Thus, it is recommended to set a price of more than 10% maximum above the market price, to leave a margin of negotiations but not to waste time.
Indeed, serious buyers, or in other words, those who want and who can (financially) buy an apartment in Monaco, already know the prices of the market because they have studied, compared, visited ... they will surely not look at your announcement of sale if the price is far-fetched and you will attract only the curious or the whimsical. When we see that a goodlooking "for sale" is on the market for a long time and attracts buyers of lower quality, reason and realism become your best assets.
3) Third rule: Use the services of a serious, competent real estate agent with experience in this market
Selling your apartment in Monaco may seem easy, as the real estate market is dynamic and demand is high, yet it is not. To begin with, the advertising of the sale must be one that reveals your property in its best light. Professional photos, accuracy of the description, veracity of information (including surfaces, permits ...) are the work of an experienced real estate agent and a known and recognized real estate agency.
An apartment in Monaco is a valuable asset, whose sale must be supervised by seasoned professionals. The reputation of the agency is therefore fundamental because it is from it that will depend the quality of the advertising for your property, the targeting of potential customers, the smooth coordination of visits, and the good conduct of the sales procedure, up to the final signature. If the agency has seniority, a network of extensive professionals and an international clientele, it is a definite plus.
Dotta Monaco Private Real Estate is one of the oldest real estate companies in Monaco is undoubtedly the most expert. With unparalleled experience in the Monegasque real estate market, a multilingual team and a vast network of international clients, Dotta Real Estate guarantees each of its clients a service of excellence and customized support.
