Monaco real estate in the news.

President of the Monegasque Chamber of Real Estate sees recovery ahead.

Blame cast about for drop in bookings.

Prospective home buyers in Monaco can expect to pay 51,000 euros per square meter, according to a survey released last week by Knight Frank. That translates to about 2 million euros for a small studio flat, and beats London property prices into second place, at 44,620 euros per square meter.

Guess where you'll find the most expensive residential property in Europe? Of course, it's Monaco, according to the Global Property Guide, which lists European cities, the price of residential property per square metre, and the rental yield.