You own a property in the Principality of Monaco and wish to determine its exact market value? Whether you are considering selling your assets, or simply for information purposes, knowing the value of your real estate will enable you to make the most appropriate and reliable decisions to achieve your objectives. Our team supports you in this project.
The different aspects of our expertise
In order to make a fair assessment of your property, our team of experts is at your disposal to bring you our market knowledge and let you benefit from our expertise in the Monegasque real estate sector.
To evaluate the market value of a property, several points must be taken into consideration:
- The district
- Location and its reputation
- Proximity to amenities (shops, schools, transport, etc.)
- The unique characteristics of each property
- The type of building
- Size and floor plan
- Improvements that have been made
- The age of the property
- The condition of the property
- The market situation
- Inspection of previous and recent transactions for the same type of property
- The correlation between the apartment price and its rental value.
These are some of the keys we use to evaluate the fairest price for your property.
Given that real estate sales data in Monaco is not public and that prices experience strong fluctuations between different districts or even from one building to another (what is called a "micro-market") in the Principality, it is particularly important for our team to rely on our proven methods to determine the most accurate value of your property and avoid any subjectivity.
Our different valuation methods
The comparison method
This method uses the value of comparable properties that have been sold recently to determine the value of a property. This method therefore consists of cross-referencing and analysing recent transactions concerning properties with strong similarities, to draw conclusions regarding the price evaluation.
The income capitalisation method
This method approaches real estate valuation by using either the actual annual income of the property, or a theoretical income, to determine its fair market value.
Objectivity and precision
Throughout the valuation and sales process, it is essential to maintain an objective position and corroborate each valuation assumption with solid evidence using the aforementioned valuation methods.
For example, it may be interesting, though often misleading, to look solely at the prices of other properties for sale in the same area, but these do not necessarily present a reliable and objective profile of the market situation, but may rather be influenced by individual situations and seller decisions. It is therefore advisable to turn preferably to proven valuation methods and qualified advice, rather than following common interpretations. This principle ensures the smooth running of the process and reliable results.
Bearing this complexity in mind, our qualified team is more than willing to guide and support you during the valuation process and the potential sale of your property. The Monegasque real estate market is certainly as unique as the Principality itself, and we therefore consider our greatest objective to be acting as a reliable and honest institution in this micro-market.
Agence de la Gare also supports you in your property purchase and sales projects in Monaco.