Buying an apartment in Monaco
Buy an apartment in Monaco
Buying an apartment in Monaco is relatively straightforward for foreign buyers, but the market is highly competitive, tightly supplied, and among the most sought-after in the world.
Here is a practical overview of the process:
The process follows a French civil law structure:
Property search (Many premium properties are sold off-market through agencies.)
Buyers work with a Monaco-based real estate agency.
Offer to purchase
A formal written offer is submitted.
A deposit is usually around 10% of the purchase price.
Notary involvement
A Monaco notary handles legal verification, escrow, registration, and completion.
All sales must go through a notary.
Completion
Final signing typically occurs 1–3 months later.
Purchase costs
Here is a practical overview of the process:
The process follows a French civil law structure:
Property search (Many premium properties are sold off-market through agencies.)
Buyers work with a Monaco-based real estate agency.
Offer to purchase
A formal written offer is submitted.
A deposit is usually around 10% of the purchase price.
Notary involvement
A Monaco notary handles legal verification, escrow, registration, and completion.
All sales must go through a notary.
Completion
Final signing typically occurs 1–3 months later.
Purchase costs
For resale apartments bought personally or through a Monaco SCI:
Registration tax + notary fees: roughly 6–6.25%
Foreign company purchases can reach around 9% total costs.
Most sought-after areas
Popular districts include:
Carré d’Or
Monte-Carlo
Larvotto
Fontvieille
Port Hercules
Mareterra
For resale apartments bought personally or through a Monaco SCI:
Registration tax + notary fees: roughly 6–6.25%
Foreign company purchases can reach around 9% total costs.
Most sought-after areas
Popular districts include:
Carré d’Or
Monte-Carlo
Larvotto
Fontvieille
Port Hercules
Mareterra
