Monaco Property
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Waterfront 3 bedroom Apartment for sale with sea view in Larvotto, Monte Carlo and Beaches
Ref 251602
Absolutely exceptional new 3 bedroom luxury apartment with many communal facilities, enjoying breathtaking sea views from its prestigious waterfront location near the beach and all amenities in the...
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Luxury 2 bedroom Apartment for sale in Saint Roman, Monte Carlo and Beaches
Ref 251527
Luxuriously renovated 2 bedroom apartment ideally located near the beach and all amenities in Saint Roman, La Rousse. Situated on the 3rd floor in a charming bourgeois building with a concierge an...
4,300,000 EUR
Luxury 1 bedroom Apartment for sale with sea view in Port Hercule, Port and Exotic Gardens
Ref 251468
Enjoying panoramic sea views from its idyllic location on Port Hercule, Monaco, is this luxuriously renovated one bedroom apartment. Set on the third floor in an attractive building from the 50's ...
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Luxury 2 bedroom Apartment for sale with sea and panoramic views in Carre d'Or, Port and Exotic Gardens
Ref 251337
With a large sea facing terrace, this lovely 2 bedroom apartment is ideally situated within a luxurious modern building which is located in a prime location at the heart of "Carre d'or" and just mo...
14,300,000 EUR
Wow factor 2 bedroom Apartment for sale in Carre d'Or Golden Square, Monte Carlo and Beaches
Ref 251203
Absolutely exceptional 2 bedroom luxurious fully furnished apartment ideally located near all amenities in the sought after area of Carre d'Or. Situated in the prestigious Montaigne residence, thi...
7,800,000 EUR
Luxury 2 bedroom Apartment for sale with sea and panoramic views in Carre d'Or Golden Square, Monte Carlo and Beaches
Ref 251160
Luxury waterfront apartment, located in the heart of Monaco, in the prestigious Carre d'Or district, between the renowned Casino and the Mediterranean Sea. Just steps away from the Thermes Marins...
16,900,000 EUR
Wow factor 4 bedroom Apartment for sale with sea view in Mareterra, Rue du Portier, Monte Carlo and Beaches
Ref 251133
Absolutely exceptional 4 bedroom luxuriously renovated apartment enjoying panoramic sea views from its sought after location in Anse du Portier, Mareterra. This outstanding property faces the por...
13,650,000 EUR
Wow factor 3 bedroom Apartment for sale with sea view in Carre d'Or Golden Square, Monte Carlo and Beaches
Ref 251118
Absolutely exceptional 3 bedroom luxuriously renovated apartment enjoying panoramic sea views from its prestigious location in the Carre d'Or district of Monaco. This outstanding property is set ...
18,000,000 EUR
Stunning 3 bedroom Apartment for sale with sea view in Jardin Exotique, Port and Exotic Gardens
Ref 251039
Outstanding and superbly presented family apartment, on a high floor in a desirable location with extensive outdoor space and Mediterranean views. Recently renovated with high-end finishes, thi...
17,900,000 EUR
Wow factor 2 bedroom Apartment for sale with sea view in Jardin Exotique, Port and Exotic Gardens
Ref 251027
Enjoying breathtaking sea views from its sought after location in Jardin Exotique, is this absolutely exceptional 2 bedroom fully furnished luxury apartment with communal pool, tennis court and gym...
11,900,000 EUR
Luxury 1 bedroom Apartment for sale with sea view in Fontvieille, Port and Exotic Gardens
Ref 250899
Luxurious one bedroom apartment enjoying sea views from its sought after location on the Fontvielle Marina, Monaco. Set in a modern building close to an abundance of amenities and transport links,...
2,290,000 EUR
Luxury 1 bedroom Apartment for sale with sea view in Monaco, Monte Carlo and Beaches
Ref 250609
Absolutely outstanding one bedroom fully furnished and luxuriously renovated apartment, ideally located near all amenities in the heart of Monte Carlo. Situated on the third floor of a luxury bu...
4,600,000 EUR
Luxury 2 bedroom Apartment for sale with sea view in Port Hercules, Port and Exotic Gardens
Ref 250401
Superb and rare opportunity to acquire this spacious luxury duplex penthouse apartment with fabulous views of the Port Hercules harbour and all the way to the Prince's Palace. With a total area o...
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Bright 1 bedroom Apartment for sale in Monte Carlo, Monte Carlo and Beaches
Ref 250207
Beautiful 1 bedroom apartment located in a modern building close to the beach and the Place des Moulins. Parking spaces: 1 Terrace: 11m2 Modern building Concierge service...
3,400,000 EUR
Cosy Apartment for sale in Monte Carlo, Monte Carlo and Beaches
Ref 249986
Charming studio apartment, which is ideally situated in a quiet area on a small street with no traffic on the Rock. With a living area of 27m2, this fully renovated studio apartment is perfect as ...
1,250,000 EUR
Bright 2 bedroom Apartment for sale in Monte Carlo, Monte Carlo and Beaches
Ref 249827
In excellent condition throughout, this elegant 2 bedroom apartment has been recently renovated using high-quality materials, offering a comfortable living environment with a contemporary design. ...
4,850,000 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
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
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
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Area Guide

The Principality of Monaco is an independent sovereign state set in the heart of Europe, on the “Côte d’Azur” between Cannes and the Italian border. It has a resident population of approximately 35,000 and occupies just over one square mile on the Mediterranean coast. About 20% of the population is Monegasque, the remainder being a cosmopolitan mix of French, Italian, British and most other European nationalities as well as Americans, Canadians, Australians, South Africans, and Middle Eastern Nationals.

The Principality of Monaco has achieved a reputation for being a serious business centre and ideal place of residence for families wishing to live in a very safe and accessible European location with sophisticated facilities, a temperate climate and favourable tax system.

Though French is the official language, English and Italian are widely spoken and understood both in business and socially. English is the preferred foreign language for children in the highly rated local schools and is the predominant language in Monaco’s International School.

One of Monaco’s foremost attractions is the high level of security afforded to its residents due largely to the presence of a strong police force. Many of the apartment complexes have 24hr security and concierge for extra peace of mind.

The Principality legislates internally in respect of all matters of direct taxation: Monaco has chosen not to adopt any income tax, capital gains tax or withholding tax legislation. This is good news for anyone looking to purchase real estate in Monaco for a long-term home or for rental purposes.

Though undeniably built-up, Monaco still enjoys various parks and several public and private beaches.

Monaco Property

The Principality is a prestige area and, as such, Monaco property changes hands for considerable sums. There are few bargains to be sought as can be well understood from the density and quality of much of the extant accommodation. However, its tax haven status ensures the market remains buoyant and prices stable so investment in Monaco property continues to be attractive.

Much of the available property in Monaco and Monte Carlo is apartments, from small studios to large luxury triplexes and penthouses. Those overlooking the harbour and Formula 1 circuit are naturally more valuable. There are also a selection of luxury villas and beautiful townhouses but these are usually somewhat more expensive.

Parking difficulties ensure that Monaco properties offering one or two spaces are highly desirable. Private purchase or rental of parking can run into several tens of thousands of Euros and, due to demand, will not necessarily be nearby.

Rental Properties

For properties to rent in Monaco and Monte Carlo, please click here: Monaco Rental Property.

Buying a Property in Monaco

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.

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