PropTech: the future of Monegasque property

The PropTech Global Trend Barometer, which is published by the ESCP Business School and supported by the Principality of Monaco, analyses the international PropTech industry.

In 2021, the Principality of Monaco decided to support the PropTech Global Trend Barometer, published by the ESCP Business School (Paris). “This barometer brings together two issues which are vital for the Principality: property, a strategic economic sector for Monaco, and digital technology, which is one of the priority factors for the country’s current and future development. The barometer is the foundation stone of Monaco’s ambition to become a global hub for real estate technology,” explains Frédéric Genta, Country Chief Officer for Attractiveness and the Digital Transition in the Principality of Monaco.

Jaime Luque, a professor at the ESCP Business School, who leads this research, explains the value in interpreting these developments: “We are in a constantly changing world. The strategic players in the property industry are seeking to expand their offering of digital solutions to improve residents’ quality of life. This is a sustainable trend which will become more pronounced with each passing year.”

Monaco, currently in the middle of a digital transition, can become part of this strategy by relying on its strong infrastructure: the first sovereign cloud in Europe, Monaco Cloud, full 5G and fibre coverage of the entire country, guaranteeing security and power, as well as government support (the Blue Fund) to help entrepreneurs with their digital plans.