Buying a Property in Monaco

Areas Suggested Searches Legal Process Latest Properties

Areas of Monaco

The northwest district of Monaco, it contains the famous exotic gardens.

The newest district of Monaco with a small port.

The central district of Monaco, it includes Port Hercules.

La Rousse is highly desirable with panoramic views of the Mediterranean.

The eastern part of Monaco, home to the white sands of Larvotto beach.

Monte Carlo is the centre of culture and history of Monaco.

Legal Process

The Agent

The estate agent will connect the buyer, the seller and a property, and will take a commission to do so.

The Notaire

The notaire (solicitor) is the Monegasque council which drafts the deed of sale and which brings together the buyer, the seller and possibly the lender for the act of signing the deed.

The notaire generally acts both for the buyer and for the seller. He is responsible for making necessary searches and enquiries such as verifying that the seller has the rights and title deeds, that there are no outstanding mortgages, no planning irregularities etc.

The intervention of the notaire certifies that the deed of sale is a document that is both conclusive and enforceable.

1. Written offer

The buyer usually has to sign an offer to buy. This is drawn up by the estate agent and if accepted, binds the parties. Often, a cheque drawn on a Monaco bank, and representing the security deposit will be attached to the offer, in order to prove the commitment of the buyer. Otherwise, the offer will specify that a bank transfer will be made to the notary's escrow account, within a short period after the offer is accepted.

Subsequently, the purchase takes place in two stages: the signing of a promise of sale drawn up by the notaire followed by the signing of the deed of sale before the notaire. The buyer must undertake to pay a security deposit equal to 10% of the sale price at the signing stage of the promise to sell, amount retained by the notaire and which will be deducted from the sale price at the signing of the deed of sale.

2. Costs and expenses

Generally, on the purchase of goods over 5 years, the costs and expenses will be equivalent to 6% of the purchase price and will have to be paid by the buyer. This 6% includes a registration fee (4.5%) and notary fees (1.5%). This rate is applicable when the purchase is made by individuals or by a Monegasque ICS. The registration fees will be higher (7.5%) when the acquisition is made through a foreign company, to which must be added notary fees of 1.5% thus making a total of 9 %.

In some cases (eg when the property is new or under construction) the registration fee will not apply and the sale price will be subject to value added tax (VAT) at the rate of 20%. The notary fees and a right of transcription will be applicable for a total amount of 2.5%, payable by the buyer, regardless of whether the buyer is an individual or a company.

3. Purchase of a foreign company

If the property is held by a foreign company, the buyer may possibly purchase this structure and in this case the registration fee will be 4.5% on top of the value of the property following the change of the owner of the foreign company.

4. Tax consequences

Monaco does not levy income tax, capital gains tax or wealth tax on individuals. French nationals residing in Monaco nevertheless pay income tax and wealth tax in France in certain circumstances.

The rights of gifting and inheritance rights exist in Monaco, but only on property located in Monaco. The rate of these fees is 0% on provisions in favour of parents, a surviving spouse, children or more distant relatives.

On other provisions, donation and inheritance taxes are payable at rates depending on the degree of relationship between the donor and the recipient. The maximum rate of 16% is applied in the case of provisions to non-parents.

The fee is payable by the recipient.

Latest Properties in Monaco

Luxury 3 bedroom Apartment for sale in Monte Carlo, Monte Carlo and Beaches
Ref 249303
Situated in the Jardin Exotique district of Monaco and close to all amenities, this gorgeous 3 bedroom apartment is set in a prestigious building offering 24 hour concierge services and a gym. Th...
7,700,000 EUR
Luxury 2 bedroom Apartment for rent with sea and panoramic views in Monte Carlo, Monte Carlo and Beaches
Ref 249252
Superb and spacious 2 bedroom duplex penthouse apartment, with stunning views towards Port Hercules harbour and all the way over to the Prince's Palace. The balcony, which runs in front of the li...
30,000 EUR
Wow factor 3 bedroom Apartment for sale with sea view in Saint Roman, La Rousse, Monte Carlo and Beaches
Ref 249232
Luxuriously renovated 3 bedroom apartment with beautiful communal gardens and pool, enjoying breathtaking sea views from its idyllic location in La Rousse, Monte Carlo. This excellent residence is...
15,000,000 EUR
Immaculate 3 bedroom Apartment for rent with sea view in Fontvieille, Port and Exotic Gardens
Ref 249178
Situated within an elegant residence, with 2 convenient entrances from the gardens leading to the commercial areas, bus stops etc. and towards the sea front with numerous restaurants, bars and cafe...
25,000 EUR
Refurbished 3 bedroom Apartment for rent with sea view in Monte Carlo, Monte Carlo and Beaches
Ref 249154
Beautifully presented 3 bedroom apartment, which is ideally situated within one of the most beautiful and well-known developments in the Principality, close to the prestigious Monte Carlo Beach Clu...
35,000 EUR
Cosy 1 bedroom Apartment for sale in Monte Carlo, Monte Carlo and Beaches
Ref 249127
Bright 1 bedroom apartment located in a residential district and with the possibility of using as an office. With a living area of 55m2, features include: entrance hall with storage, a small fitte...
2,250,000 EUR
Immaculate 3 bedroom Apartment for sale in Les Moneghetti, Port and Exotic Gardens
Ref 249124
Luxuriously renovated, spacious and bright 3 bedroom apartment, enjoying panoramic sea views from its sought after location near the beach and all amenities in Les Moneghetti. This superb property...
8,800,000 EUR
Prestige 3 bedroom Apartment for sale in Carre d'Or Golden Square, Monte Carlo and Beaches
Ref 249054
Super 3 bedroom apartment in a most desirable residence, very close to Golden Square and benefitting from a beautiful green setting. This first floor 100m2 property has been tastefully renovated ...
4,490,000 EUR
Luxury 3 bedroom Apartment for sale with sea view in Monte Carlo, Monte Carlo and Beaches
Ref 249000
Luxuriously renovated 3 bedroom apartment with garage, enjoying breathtaking sea views from its prestigious location close to the beach and all amenities in Monte Carlo. Situated on Avenue de Gran...
8,000,000 EUR
Luxury 2 bedroom Apartment for sale with sea view in Monaco, Monaco
Ref 248635
Absolutely exceptional 2 bedroom luxury Penthouse apartment with Jacuzzi, enjoying breathtaking sea views from its sought after location in the heart of Monaco. This unique property offers spectac...
12,900,000 EUR
Stylish 2 bedroom Apartment for sale in Old Town, Port and Exotic Gardens
Ref 248333
Stylishly renovated 2 bedroom apartment located in the Old Town area of Monaco. The well designed property comes with living space of 80m2 with 2 bedrooms and 2 shower rooms, an open-plan living r...
2,900,000 EUR
Luxury 1 bedroom Apartment for sale with sea view in Carre d'Or Golden Square, Monte Carlo and Beaches
Ref 248327
Spacious and luxuriously furnished apartment situated within a highly regarded address in the Golden Square, facing the casino and with an indoor swimming pool, sports hall, caretaker's lodge and 2...
Enquire For Price
Exclusive 4 bedroom Apartment for rent in Monte Carlo, Monte Carlo and Beaches
Ref 248117
Nestled in the Casino gardens area within a prestigious residence which boasts luxurious features, this superb triplex apartment has a spacious living area and finest finishes. With a spacious li...
190,000 EUR
Luxury 3 bedroom Apartment for sale with sea view in Fontvieille, Port and Exotic Gardens
Ref 247865
Luxuriously renovated 3 bedroom apartment, enjoying panoramic sea views from its ideal location near all amenities in Fontvieille. Furnished with elegant style, this spacious and bright property i...
Enquire For Price
High Specification 3 bedroom Apartment for rent in Carre d'Or Golden Square, Monte Carlo and Beaches
Ref 247553
Ideally located right in the very heart of the Golden Square, this magnificent 3 bedroom apartment is set just a couple of steps away from the Casino and its gardens. Situated within a high standi...
92,000 EUR
Cosy 2 bedroom Apartment for sale in Monte Carlo, Monte Carlo and Beaches
Ref 247204
Situated within a good standing building with a concierge service, with a beautifully renovated entrance hall and in a unique position on the Harbour. With a living area of 72m2, which includes a ...
3,350,000 EUR
Cosy Apartment for rent with countryside view in Monte Carlo, Monte Carlo and Beaches
Ref 246964
Cosy and well maintained studio apartment, situated on a high floor in one of the most beautiful and well-known developments in the Principality. Located near the prestigious Monte Carlo Beach Clu...
2,850 EUR
Bright Apartment for sale in Monte Carlo, Monte Carlo and Beaches
Ref 246716
Totally renovated 2 bedroom apartment situated in a charming building just a couple of steps from the Golden Square and Port Hercule. With a living area of 187m2, features include an entrance hal...
5,500,000 EUR
Cosy 1 bedroom Apartment for sale with sea view in Monte Carlo, Monte Carlo and Beaches
Ref 245996
Apartment with 2 main rooms composed of an entrance hall, living room with access onto a balcony with slight sea views, an independent kitchen, shower room with a WC and a bedroom opening onto a ba...
2,780,000 EUR
Luxury 2 bedroom Apartment for sale in La Condamine, Port and Exotic Gardens
Ref 245866
Exceptional 2 bedroom luxury apartment with large terrace, ideally located near all amenities in La Condamine, Monaco. This spacious and bright property of 100m2 comprises of a living and dining r...
4,500,000 EUR