Published on and written by Cyril Jarnias
In Monaco, where the real estate market is synonymous with luxury and exclusivity, a new trend is emerging: “co-living spaces”. Combining private space with shared common areas, these shared living arrangements are attracting a young, cosmopolitan population seeking to balance quality of life with social interaction.
Faced with housing shortages and skyrocketing prices, co-living is gaining popularity through its innovative approach, offering a practical and modern solution to the housing question. These spaces, often equipped with state-of-the-art facilities, embody a dynamic of communal living that is disrupting traditional housing norms in the Principality.
Upscale Co-living: A Popular Option in Monaco
Upscale co-living is establishing itself in Monaco as an innovative and sought-after response to the unique characteristics of the local real estate market, marked by some of the highest prices in the world and exceptional urban density.
| Key Factors | Impact on the Trend |
| Average Price of a Luxury Apartment (2024) | €32 million |
| Annual Price Growth (2025 projected) | Continued strong increase |
| Limited Supply vs. Strong Demand | Increased tension, restricted access to individual ownership |
Reasons for the Success of Upscale Co-living
- Access to prestigious neighborhoods at a reduced individual cost.
- Sharing of rent and expenses, making access to spacious downtown housing possible.
- A tailored response to the specific needs of young professionals and expatriates attracted by local economic opportunities.
- Creation of a dynamic community fostering professional and social networking.
“The scarcity of land combined with exceptionally high rental levels is encouraging both international and local residents to explore new premium residential models.” – Monegasque Real Estate Expert
Specifics of the Monegasque Market Encouraging This Phenomenon
- Record Prices: The entry price for individual purchase or rental remains prohibitive even for a wealthy clientele.
- Optimized Spaces: New constructions prioritize modularity, common areas designed by renowned architects, shared terraces with panoramic views.
Recent Examples of Premium Projects
| Project | Distinctive Characteristics |
| Mareterra Coliving Suites | 5-star hotel services, private fitness room, 24/7 concierge |
| Aston Martin Living Residence | Integrated coworking spaces, private spa, secure electric parking |
Frequently Offered Amenities & Services:
- Digital concierge
- Weekly cleaning included
- Air-conditioned cellars for rare wines
- Indoor/outdoor pools reserved for residents
Testimonial:
“Thanks to our shared apartment in the new eco-luxe Mareterra district, we enjoy an unparalleled lifestyle while reducing our monthly costs. It also fosters a unique friendly spirit among roommates from all over the world.”
Figures Illustrating Growing Popularity
- Estimated increase >25% in searches related to “co-living” offers in agencies since early 2024
- Over 40% of new professional arrivals now opt for this hybrid format according to some developers
“Co-living is no longer synonymous with broke students: it is now a deliberate choice combining high standards and flexibility — two criteria that have become essential in the Monegasque market,” points out a local analyst.
The current dynamic suggests a rapid multiplication of private and institutional initiatives around ultra-premium co-living. With the increasing integration of advanced digital equipment and sustainable development as a central architectural driver (e.g., Mareterra), this niche is expected to become firmly established in the Monegasque residential landscape by 2025.
Good to Know:
Upscale co-living is experiencing notable growth in Monaco, partly due to exorbitant real estate prices and urban density, which push many residents, particularly young professionals and expatriates, to share luxurious living spaces to reduce costs. These co-living projects in Monaco are distinguished by premium services and amenities, such as designer common areas, private gyms, and concierge services. For example, the “Le Monte-Carlo Co-Living” project offers equipped apartments with access to a panoramic terrace and a spa. According to a 2023 report, 30% of new constructions in Monaco include luxury co-living options. Real estate expert Jean Dupont emphasizes that this trend continues to gain popularity, attracting those seeking both a prestigious lifestyle and a dynamic community, predicting sustained growth of co-living projects in the coming years.
Shared spaces are profoundly transforming the Monegasque lifestyle, providing an innovative response to the major constraint of limited space in the Principality. Faced with a shortage of available surface area and constantly increasing real estate costs, these solutions optimize land use while fostering a new social and professional dynamic.
Shared spaces embody a major cultural shift: they facilitate exchanges, stimulate creativity, and encourage a more community-oriented lifestyle.
- Space optimization through sharing offices or housing
- Reduced individual cost to access modern infrastructure
- Easier access for young professionals, entrepreneurs, and expatriates seeking flexibility and networking
| Types of Spaces | Amenities Offered | Social Benefits |
|---|---|---|
| Coworking | Equipped meeting rooms, high-speed wifi, shared printers, collective storage | Spontaneous collaboration among coworkers |
| Co-living | Secure private rooms, individual or shared bathrooms, shared services (cleaning, fitness), community events | Rapid creation of a strong social network |
The Growing Diversity of Offers Now Includes:
- Flexible plans for freelancers or startups allowing access a few days per week with all essential amenities (meeting rooms bookable for several hours/month)
- Apartments converted for mixed-use – residential/professional – where tenants can customize their space according to their needs
- Innovative concepts like co-living offering an extended range of shared services (inclusive cleaning, group digital subscriptions) as well as the regular organization of unifying events
Concrete Examples of Local Initiatives:
- The recent multiplication of business centers offering open spaces, suited to creators without employees who can work from home while occasionally accessing shared professional infrastructure
- The gradual development of upscale co-living meeting the specific expectations of young professional expatriates attracted to Monaco but limited by the classic cost of housing
Observed Economic and Social Impacts:
- Notable increase (+9% over three years) in the number of files concerning professional rental sharing validated by the local Technical Commission
- Economic dynamism through rapid business creation with fewer real estate constraints
- Strengthening of the local social fabric thanks to internal thematic events (group sports/cooking/evening classes)
Local Perception & Real Estate Market:
Long-time residents sometimes perceive these developments as a disruption to the traditional residential model; however, the shift towards more “shared housing” is generally well accepted among younger, active generations or new arrivals.
Notable Effects on the Real Estate Market:
- Increased valuation of properties that can be converted for mixed-use
- Moderate pressure on classic rents in some older neighborhoods largely converted to this type of collective use
In this constrained urban context where every square meter counts double, shared spaces offer not only a practical but also a trendy solution, adapted to contemporary aspirations around intelligent communal living.
Good to Know:
Shared spaces in Monaco are revolutionizing the local lifestyle by optimizing the use of the Principality’s limited space. These environments, which integrate modern amenities and state-of-the-art infrastructure, foster a dynamic and supportive community among residents, particularly meeting the needs of young professionals and expatriates. Initiatives such as the “Monaco Co-living Bay” project highlight the economic and social benefits of these spaces, stimulating innovation and collective well-being. However, acceptance of co-living spaces by Monegasques remains mixed; some residents perceive these developments as practical and modern solutions, while others worry about potential impacts on the traditional real estate market.
The Digital Community: Catalyst for the Rise of Co-living
The digital community plays a central role in the rise of co-living in Monaco, facilitating connections between people seeking collaborative housing solutions. Thanks to digital platforms and social networks, it is now easier than ever for potential residents to connect, exchange, and find spaces suited to their needs.
The main digital tools catalyzing this dynamic include:
- Specialized platforms like Mapmelon, which offers a selection of authentic spaces for digital nomads and remote workers wishing to experience community living in Monaco. These platforms allow users to compare different offers, easily integrate into an existing community, and access a flexible framework combining private life and shared spaces.
- Applications such as those offered by Roomlala, which facilitate the quick search for co-living rooms in the Monaco region or its immediate surroundings (Nice, Cannes). Registration on these services provides access to targeted listings based on personal preferences (comfort, budget, atmosphere).
- Online forums dedicated to co-living where future residents can ask practical questions, share opinions on certain locations or providers, and organize their own meetings around collaborative housing.
- Facebook or Discord groups bringing together international students, young professionals, or digital nomads interested in co-living on the French Riviera.
These tools offer several major advantages:
| Advantages for Residents | Advantages for Real Estate Developers |
|---|---|
| Easy access to a varied offer | Rapid promotion to a targeted clientele |
| Matching with profiles sharing values/interests | Direct feedback via reviews/communities |
| Simplified process (bookings, payment) | Optimized occupancy thanks to constant flow |
| Community exchanges: sharing resources/experiences | Natural animation by the community |
Startups like Mapmelon perfectly illustrate this phenomenon: they offer not only a high-performing technical service but also a community spirit fostering mutual aid among members—whether it’s sharing local events or professional support among coworkers.
Specialized forums also contribute to the development of close-knit communities: they serve to exchange tips as much as to organize collective activities (cultural/sports outings), thereby strengthening the sense of belonging.
Finally, this digital ecosystem provides real estate developers with increased visibility to the target audience while allowing them to quickly adapt their offer based on user feedback collected via these platforms.
The emergence of digitized co-living is transforming Monaco into an attractive hub for those seeking residential flexibility AND social enrichment—proof that technological innovation is truly energizing the local real estate sector.
Good to Know:
Digital platforms and social networks play a crucial role in the growth of co-living in Monaco, effectively connecting those in search of collaborative housing solutions. Online forums and dedicated applications like Roomi or CoHo enable the connection of potential residents sharing similar values, thus fostering the emergence of close-knit communities. Through these tools, users can exchange experiences, share resources, and create a harmonious living environment. For example, startups like Badi not only facilitate the process of finding compatible roommates but also bring measurable benefits to real estate developers by generating demand for co-living spaces. This digital synergy amplifies the appeal of co-living spaces, offering quick and easy access to housing solutions adapted to a modern, community-conscious lifestyle.
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Cyril Jarnias is an independent expert in international wealth management with over 20 years of experience. As an expatriate himself, he is dedicated to helping individuals and business leaders build, protect, and pass on their wealth with complete peace of mind.
On his website, cyriljarnias.com, he shares his expertise on international real estate, offshore company formation, and expatriation.
Thanks to his expertise, he offers sound advice to optimize his clients' wealth management. Cyril Jarnias is also recognized for his appearances in many prestigious media outlets such as BFM Business, les Français de l’étranger, Le Figaro, Les Echos, and Mieux vivre votre argent, where he shares his knowledge and know-how in wealth management.
