Engel & Völkers
  • 4 min read

An Apulian treasure: the city of Monopoli

Rugged coastline with limestone cliffs and small sandy coves, turquoise waves breaking on rocks, distinctive flat-topped mountain range in background

The city of Monopoli is considered one of the main economic, artistic and tourist centres of the Puglia region. It is not difficult to see why, since the city of Monopoli is one of the most active and populous ports in the region.

Table of Content

  1. Monopoli's old town: medieval charm at the Adriatic harbor

  2. The economy of Monopoli

  3. The real estate market

Monopoli's old town: medieval charm at the Adriatic harbor

Monopoli overlooks the Adriatic Sea and its port represents an important element in the urban context of the city, with its four inlets or coves - Porto Vecchio, Cala Batteria, Cala Fontanelle and Cala Curatori - which are an integral part of the urban fabric.

Its historical centre, of early mediaeval origins and built on the remains of a Messapian settlement, is extremely unusual, overlooking the sea and being surrounded by high and imposing walls.

It is also considered a real jewel of traditional architecture that harmoniously blends with the magnificent religious buildings and splendid palaces.

The access road par excellence to the ancient city is without a doubt Porta Vecchia, which allows you to penetrate directly into the ancient part of Monopoli, dominated by the Castello Carlo V and adorned with wonders such as the baroque Cathedral of Santa Maria della Madia, the beating heart of the old city; Piazza Garibaldi, animated by lively activity and overlooked by the Church of St. Francis of Assisi and the Church of Santa Maria degli Amalfitani; and Largo Palmieri, with its namesake palace.

Monopoli is also called "The City of A Hundred Districts". Its countryside, in fact, is divided into many localities (albeit less than a hundred), whose names recall the presence of a manor, a church, an old farmhouse that may have disappeared or other historical, artistic or geographical references.

Engel & Völkers

Real Estate in Apulia

The economy of Monopoli

The economy of Monopoli is mainly based on the agricultural sector.

The production and processing of agricultural products are highly developed and have fostered the growth of an increasingly thriving oil and canning industry.

In addition, as mentioned above, the movement in the port is remarkable and has represented fertile ground for a developed fishing industry and a specialised shipbuilding activity.

Tourist inflows have increased significantly in recent years. A recent survey among tourists highlighted the fact that Monopoli is highly valued for being the perfect combination of seaside resort and important cultural centre, thanks to the simultaneous presence of wonderful landscapes and interesting museums, places of worship, farms and rock churches.

In addition, since 2016 the tourism sector has received a further boost following the adoption by the municipality of a new official tourism brand, called "Heart of Apulia".

Free, confidential and non-binding

Receive your digital valuation instantly

  • Over 250,000 properties sold globally in the last 5 years
  • Average selling time: less than 6 months
  • Backed by 45+ years of industry expertise

Based on data by Engel & Völkers

Open to read more about the data Engel & Völkers used

The real estate market

Another thriving sector in the Monopoli economy is certainly real estate.

Suffice it to say that during the past year in the municipality of Monopoli alone, the Revenue Agency recorded 607 real estate transactions. A number that very eloquently demonstrates how lively and sparkling the market in the city is.

The many architecturally significant and ancient buildings in the old town, the wonderful seaside residences and the enchanting farms in the countryside mean that the premium segment of the real estate sector is particularly developed in the city; that is, the segment dedicated to high-quality properties.

For more information or to learn more about the Engel & Völkers franchise system, specialising in premium real estate, click here.

You may also be interested in

Newsletter

Stay informed

Sign up for our regular newsletter with exclusive properties, inspiration, market reports, and the latest news.

I consent to the processing of my data for the purpose of regularly receiving newsletters from Engel & Voelkers Italia S.R.L..
You can find out which data Engel & Voelkers Italia S.R.L. stores in detail and what rights you have in this context here. You can revoke your consent for the future at any time here.

Contact

Contact your personal advisor

Smiling man in a gray suit holds a phone outdoors. White buildings line the street in the background.
A blonde woman in a beige suit walks on a city street, holding a red folder.

Engel & Völkers Italy

Via Dante, 16

20121 Milan, Italy

Tel: +390645548120