Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Monaco rose by 7.9% y-o-y in 2Q15. The index had risen by 10.1% since the beginning of 2015 and by 10.1% in 2Q15 alone. Monaco’s y-o-y rise was the eighth largest of the 35 cities for which KF published data. Because of its small size, Monaco was not included in KF’s ranking of the 40 most important cities for UNHWIs worldwide in 2015, which appeared in its Global Cities survey early this year.

Source : August 2015/KF/Monaco/RES