Monaco's Real Estate Market Hits €5.9 Billion as New Property Sales Surge

Monaco’s real estate market has reached unprecedented heights, with total sales soaring to €5.9 billion in 2024. This historic milestone is largely attributed to a record-breaking wave of new property transactions, reinforcing the Principality’s status as one of the most exclusive and resilient real estate markets in the world.

New Property Sales Shatter Records

Sales of newly built homes accounted for an astonishing €3.7 billion—more than the combined total of all new property sales in Monaco between 2006 and 2021. This surge follows the completion of 159 new residences in 2024, the highest number delivered in a single year since 1993. A significant portion of these properties emerged from the highly anticipated Mareterra eco-district in Larvotto, redefining luxury living in the Principality.

Demand for spacious, family-sized residences dominated the market, with nearly 95% of all new homes sold featuring three or more bedrooms. Among them, eight ultra-premium villas commanded staggering price tags, with over half of all new properties selling for €20 million or more. Additionally, seven transactions surpassed the €100 million mark, highlighting the extraordinary levels of wealth flowing into Monaco’s high-end real estate sector.

Resale Market Declines in Volume but Holds Value

While the resale market experienced a slowdown for the second consecutive year, values remained resilient. The total number of resale transactions fell by 5.9% to 365, marking the lowest volume since 2012. However, the overall market value dipped only slightly, declining just 0.6% to €2.2 billion. The average resale price climbed to a record €6 million, a 5.7% increase from 2023, reinforcing Monaco’s reputation as a safe haven for luxury property investment.

Monte-Carlo remained the most sought-after district, accounting for 132 of the total 365 resales. La Rousse, the second most active neighborhood, experienced a notable downturn, with transactions plummeting by over 25%. Interestingly, while new developments favored larger family-sized residences, one-bedroom apartments were the only resale segment to see an increase in transactions.

Price Trends and Market Resilience

The average price per square meter in Monaco climbed to an all-time high of €51,967, reflecting a 1.1% increase from 2023 and an impressive 44.3% growth over the past decade.

The highest prices per square meter were recorded in Larvotto (€65,857) and Monte-Carlo (€53,911). Studios and three-bedroom apartments saw the most significant price increases in 2024, rising 5.7% and 7.6%, respectively.

Meanwhile, larger four- and five-room apartments experienced slight price adjustments but maintained their ultra-luxury appeal.extraordinary levels of wealth flowing into Monaco’s high-end real estate sector.

Monaco’s Real Estate Market Defies Global Trends

While many global real estate markets have faced uncertainty in recent years, Monaco’s high-end property sector continues to thrive. International demand remains exceptionally strong, fueled by the Principality’s unique combination of safety, stability, and prestige. The launch of landmark developments like Mareterra is further reshaping the city-state’s skyline and reinforcing its allure among ultra-high-net-worth buyers.

Despite global economic fluctuations, Monaco’s real estate market remains a pillar of strength, with sustained price growth expected in the coming years. The scarcity of available properties, coupled with increasing interest from global investors, ensures that Monaco continues to set new records in the world of luxury real estate.

Celebrate the 2025 Fête du Citron in Menton

 

February is undoubtedly the festival season on the Côte d’Azur, and one of its most dazzling events is the Fête du Citron (Lemon Festival) in Menton, France.

This annual celebration, famous for its elaborate citrus-themed displays and lively parades, will take place from February 15 to March 2, 2025, under the theme "Voyage(s) dans les étoiles" ("Journey to the Stars").

Festival Highlights

Citrus Sculpture Exhibitions: The Biovès Gardens will showcase breathtaking sculptures crafted from lemons and oranges, some towering up to ten meters high. These stunning creations will also be illuminated at night for a magical experience.

Golden Fruit Parades (Corsos des Fruits d'Or): Held on Sundays—February 16, 23, and March 2—these vibrant parades on the Promenade du Soleil feature citrus-adorned floats, lively music, and energetic performances.

Night Parades (Corsos Nocturnes): On Thursdays—February 20 and 27—illuminated floats will light up the streets, ending with a spectacular fireworks display.

Craft Fair & Orchid Festival: The Palais de l'Europe will host an artisan market and a stunning orchid exhibition, both free to enter.

Ticket Information

• Grandstand Seats: €29 (adults), €24 (groups), €14 (reduced rate).

• Standing Room: €16 (adults), €14 (groups), €8 (reduced rate).

• Children (ages 6-12): €8 under 6 enter for free.

• Disability Card Holders: €14 for grandstand seating; free standing entry.

• Tickets are available on the official festival website.

  
  Practical Information

• Getting There: Menton is well-connected via the TER/SNCF train network, with the station just 200 meters from the main event areas.

• Parking: Free parking is available across the city, with shuttle services running to festival sites.

• Pets: For safety and hygiene reasons, pets are not permitted on parade routes or inside the Palais de l’Europe.

The Fête du Citron is a one-of-a-kind event that brings Menton’s citrus heritage to life through art, culture, and community celebrations. Whether you're a devoted festival goer or a first-time visitor, the 2025 edition promises an unforgettable experience.

Nice Carnival 2025: A Spectacular Celebration of the “King of the Oceans”

The Nice Carnival 2025, one of the most anticipated events on the French Riviera, will take place from February 12 to March 2, 2025. With a rich history dating back centuries, this annual festival transforms the city of Nice into a magical realm of artistic floats, dazzling performances, and vibrant street celebrations. This year’s theme, "King of the Oceans," promises an unforgettable journey into the depths of maritime myths and underwater wonders.

A Deep Dive into the 2025 Theme: "King of the Oceans"

Each year, the Nice Carnival chooses a unique theme, and for 2025, the festival will explore the fascinating world of the sea. From legendary sea creatures to environmental themes, the parades and events will pay tribute to the beauty and mysteries of the ocean. Expect to see gigantic marine-inspired floats, mythical sea gods, and vibrant aquatic performances that transport visitors into a world of maritime fantasy. 

A Tradition of Joy and Creativity

The Nice Carnival is one of the oldest and most prestigious carnivals in the world, dating back to 1873. Over the years, it has evolved into a global event, drawing thousands of visitors from around the world. Known for its extravagant floats, artistic creativity, and infectious energy, the carnival continues to be a symbol of joy and celebration.

Highlights of Nice Carnival 2025

1. Spectacular Parades

The heart of the carnival lies in its iconic parades, where gigantic floats, skilled street performers, and international musicians and dancers come together to create a breathtaking spectacle.

2. The Battle of Flowers

A signature event of the Nice Carnival, the Battle of Flowers is a breathtaking parade where flower-adorned floats glide along the Promenade des Anglais, showering the audience with fresh blooms. This elegant tradition dates back over a century and remains a favorite among locals and tourists alike.

3. Lou Queernaval: France’s First LGBTQ+ Carnival Parade

One of the most inclusive events of the festival, Lou Queernaval, celebrates diversity, love, and acceptance in a joyous and colorful parade. This vibrant, LGBTQ+ friendly event is scheduled for February 28 and promises an evening filled with music, dancing, and fabulous performances.

4. Street Performances & Live Music

Beyond the grand parades, the entire city of Nice will be buzzing with live music, street performers, and interactive experiences. From acrobats and fire dancers to jazz bands and DJs, every corner of the city will exude the carnival spirit.

5. An Eco-Friendly Carnival

In 2025, the Nice Carnival continues its commitment to sustainability. This year, the Battle of Flowers will feature electric-powered floats, and many decorations will be made from recycled and biodegradable materials, emphasizing ocean conservation and environmental responsibility.

Why You Should Attend the Nice Carnival 2025

The Nice Carnival is more than just a festival—it’s an immersive experience that blends history, creativity, and culture. Whether you’re drawn by the majestic parades, artistic displays, or festive atmosphere, this year’s "King of the Oceans" theme guarantees a one-of-a-kind celebration.

Tips for Visitors

Book your stay early – Hotels in Nice fill up quickly during the carnival season.
Get your tickets in advance – Visit the official carnival website for event passes.
Dress in costume – Join in the fun by wearing ocean-themed attire.
Explore Nice – Take time to enjoy the city's beaches, museums, and local cuisine.

For official schedules, ticket details, and event locations, visit: www.nicecarnaval.com.

Whether you're a first-time visitor or a seasoned carnival-goer, the Nice Carnival 2025 will be an unforgettable journey into the wonders of the ocean. Don't miss the chance to be part of one of Europe's most spectacular celebrations!

France Introduces Gender Identity Education in Schools

A Step Toward Inclusivity

France, a country renowned for its progressive social policies and deep-rooted commitment to égalité (equality), is taking a significant step toward inclusivity with the introduction of gender identity education in schools. This initiative aims to foster a deeper understanding of gender diversity among students, promote respect for all identities, and combat discrimination.

The Rationale Behind the Initiative

In recent years, discussions around gender identity and LGBTQ+ rights have gained prominence globally. France, like many other nations, has seen increased advocacy for the recognition of non-binary and transgender individuals. Despite legal advances—such as the 2016 reform that simplified the process for transgender individuals to change their gender marker—there remains a gap in societal understanding and acceptance.

By introducing gender identity education, the French government seeks to address this gap early. The program's goal is to educate children and teenagers about the spectrum of gender identities, challenge stereotypes, and create a more inclusive environment in schools. The broader aim is to ensure that future generations grow up in a society where diversity is celebrated rather than stigmatized.

What the Curriculum Will Cover

The new curriculum will be age-appropriate and integrated into existing subjects such as civics, social studies, and biology. Key elements include:

1. Understanding Gender Identity: Lessons will define gender identity and distinguish it from biological sex and sexual orientation. This distinction is essential to debunk common misconceptions.

2. History and Representation: Students will learn about the historical struggles and achievements of LGBTQ+ communities in France and globally. This will highlight the importance of equal rights movements and the individuals who championed them.

3. Empathy and Inclusivity: Activities and discussions will encourage students to empathize with experiences different from their own, fostering respect and support for peers who may identify as non-binary or transgender.

4. Challenging Stereotypes: Lessons will confront traditional gender roles and expectations, encouraging students to think critically about societal norms.

A Collaborative Effort

The initiative has been developed in collaboration with LGBTQ+ advocacy groups, educators, and psychologists to ensure that the content is accurate, sensitive, and effective. Training sessions for teachers will also be a key component of the rollout. Educators will be equipped with the tools and knowledge to handle discussions on gender identity confidently and respectfully.

Support and Opposition

While many have praised the move as a step forward for equality and inclusion, it has not been without controversy. Some conservative groups and political factions argue that teaching gender identity in schools infringes on parental rights or introduces topics they deem inappropriate for children. They advocate for a more traditional approach to education that does not address gender diversity.

However, proponents counter that education about gender identity is vital for creating a safer environment for all students, particularly those who may be questioning their own identities or facing discrimination. They point to studies showing that inclusive education reduces bullying and improves mental health outcomes for LGBTQ+ youth.

Implications for the Future

France’s decision to introduce gender identity education could set a precedent for other countries grappling with similar social and educational challenges. By equipping students with knowledge and understanding, the program aims to build a generation that values diversity and equality.

This initiative aligns with France's long-standing commitment to human rights and justice. By embedding these values into the education system, the country continues to uphold its motto of "Liberté, Égalité, Fraternité" in an evolving social landscape. As the program unfolds, its success could inspire other nations to embrace a similar approach, shaping a more inclusive future for all.