Neighborhood Report
La Condamine
Monaco · 98000. Port Hercule and the rail station. The vibrant quarter — where Monaco feels most like a city. Best value for money in prime locations.
Overall Score
8.3/10
Investment9/10
Connectivity10/10
Livability9/10
Family7/10
Prestige7/10
Value for Money8/10
Investment & Pricing
Price / sqm
€36.000 – €60.000
Total Price Range
€1.2M – €13.0M
YoY Price Change
+2%
Transactions Q1
22
Rental Yield
2.6%–3.7%
Charges /sqm/yr
€70–€120
Demand
Very High
3-Yr Appreciation Est.
+11%
Schools & Safety
École de la Condamine
Primary · French
Collège Charles III
Secondary · French
Crime ratingExceptional — Monaco has near-zero crime
Transport & Location
Transport Score10/10
Marina Proximity10/10
Casino / Central8/10
Beach Access6/10
Heliport AccessNo — walk/drive to Fontvieille
Links
Rail station (Monaco-Monte Carlo)Bus hubPort Hercule
Amenities
Port HerculeMarché de la CondamineRue Princesse CarolineÉglise Sainte-Dévote
Notable Buildings
Le PanoramaPalais de la PlageLe MéridienLes Spélugues
Tax residency eligibility:Ownership here supports Monaco tax residency — no income tax, no capital gains tax (EU conditions apply).
Strengths
- Best connectivity — rail station inside the district
- Port Hercule on the doorstep — F1 Grand Prix paddock
- Liveliest quarter — bars, restaurants, Saturday market
- Yields better than Monte-Carlo with solid prestige
Weaknesses
- Grand Prix week is chaos if you actually live here
- Older building stock in pockets
Compared to Monaco Average
€/sqm
-8%
vs avg €52.000
Yield
+0.4pp
vs avg 2.8%
YoY Growth
+0.6pp
vs avg 1.4%
Transport
10/10
vs avg 8
Data updated April 2026