Early resales
A handful of Mareterra apartments have changed hands since handover, at prices above €100,000 per square metre for sea-facing units. That is a premium of roughly 40 percent over the best of old Larvotto.
Volumes are tiny. Most owners bought to hold, and several units are still being fitted out.
Effect on Larvotto
Older seafront buildings along Avenue Princesse Grace have re-priced upward, with asking prices up around 12 percent. Achieved prices have followed more slowly, but the direction is clear: the beach district has become the second most expensive in the principality after the Carré d’Or.
Buildings with renovation potential are the ones to watch. Several are discussing façade and lobby upgrades to close the gap.
Rents
Mareterra rentals are scarce and command €200 to €250 per square metre per month. Old Larvotto sits at €120 to €150. For residency applicants who rent first and buy later, the older stock offers a sensible entry.
We hold a short list of forthcoming Larvotto resales; ask Laurent for it.
