Monaco is a real fortress for wealthy people. Security here is world-class, and privacy is not a bonus, but a standard.
Tax Optimization: Advantages without illusions
Monaco residents are exempt from income tax, capital gains tax and wealth tax. This is not a myth, but a reality. But residency still needs to be obtained.
Real Estate: an Island of Stability
The real estate market in Monaco is stable and liquid. Even in conditions of global crises, prices retain a confident position. Investing here, you get a reliable asset.
Ideal Location and Infrastructure
With the Cote d’Azur, Nice just minutes away, yacht clubs, boutiques and restaurants all at your fingertips. Monaco is not a dream, but a lifestyle.
The Realities of the Monaco Real Estate Market:
Honest and Straightforward
— Prices: expensive is putting it mildly
Prices start from 50,000 €/m², and in the Monte Carlo and Larvotto areas from 100,000 €/m² and up. Multi-million dollar deals are the norm, there should be no illusions.
— Minimum supply, maximum competition
There are few objects, many people who want to buy. Decision making must be fast. Slowness = missed opportunities.
— Parking: like gold
Having a parking space is critical. Check before you buy or you will be left without one.
Buying Real Estate in Monaco: Step-by-Step Instructions
- Find a professional agency
The market is closed, and you won’t get access to the best properties without a vetted agency. This is a necessity. - „Offre d’Achat“ is your intent
An offer to purchase requires legal advice. Legal advice is mandatory. - „Compromis de Vente“ — preliminary agreement
Signing a preliminary agreement fixes the basic terms of the deal. Check every detail. - „Acte de Vente“ — final at the notary’s office
The final contract is only drawn up after legal verification. There are only three notaries in Monaco so it is best to plan ahead.
Financial Side of the deals
- Title transfer tax (Droits d’Enregistrement): 7.5% (to be paid by the buyer)
- Notary costs (Frais de Notaire): 1-2%
- Agency commission (Honoraires d’Agence): 3-5% (usually at the seller’s expense, but check)
Also budget for:
- legal support,
- the opening of a bank account,
- possible real estate appraisal.
Mortgage: possible, but not for everyone
- Foreigners can get a mortgage, but with conditions: a deposit of 30% or more, proof of income and assets.
- The presence of a bank account in Monaco – most likely a prerequisite.
Residence Permit and Real Estate: Don’t Confuse the Two
Buying real estate does not guarantee a Monaco residence permit. You need to:
- Have a place to live,
- Demonstrate financial solvency,
- Live in Monaco more than 183 days a year.
Practical Tips For Investors
✅ Take your time: choose the agency and the object carefully.
✅ Take into account the age of the building: older buildings may require renovation.
✅ Infrastructure: check the availability of stores, schools, transportation.
✅ Development plans: research the future of the area to avoid unpleasant surprises.
Want a Stress-Free Investment in Monaco?
Contact „Pride Expert“ — we know the market inside out and accompany our clients at every stage of the transaction. Your interests, time and capital are in safe hands!