Monaco is a dream destination. With its exceptional lifestyle, attractive tax regime, and prestigious real estate market, the Principality draws new investors and residents every year. However, buying or renting property in Monaco can quickly become a complex task without knowledge of local specificities. Livein.mc helps guide you through the process step-by-step.
Buying property in Monaco follows a well-defined legal process. Once the ideal property is found, the buyer must formalize their offer in writing. This document includes:
Once accepted, the offer is legally binding for both the buyer and the seller. If the buyer withdraws, they risk losing their deposit.
After the offer is accepted, a sales agreement (preliminary contract) is signed. This formal agreement outlines the sale price, payment terms, and suspensive clauses like financing or absence of legal easements.
In Monaco, transactions follow a structured legal path. The buyer pays a deposit of 5% to 10% of the property's value, held in escrow until the final deed is signed by a Monegasque notary.
The whole process, from initial offer to final signature, typically takes 2 to 3 months depending on the complexity of the case.
Following the preliminary contract, expect a 2 to 3-month delay before signing the final deed. During this time:
Besides the purchase price and administrative fees, expect condominium charges which vary depending on building amenities (concierge, security, pool, etc.)
Monaco’s property market is unique, with few public listings and high demand. Many luxury properties are never publicly advertised. Working with a local agency grants access to these exclusive, “off-market” listings.
Additionally, agencies guide clients through every step—admin procedures, legal advice, and drafting the written offer. This document includes property details, proposed price, and terms, forming the basis of the negotiation and a legal commitment once accepted. An agency ensures your offer is properly structured and market-appropriate.
Before buying, define your expectations: number of rooms, size, amenities—such as private parking, sea view terraces, or concierge services—all impact comfort and property value. Prices vary based on location and building standards.
For non-residents aiming to move to Monaco, having a residence is essential to obtain a residency card. This can be through buying high-standard property or signing a long-term rental lease, which is often required for administrative purposes.
You’ll also need to demonstrate strong financial resources, such as a local job contract, substantial bank deposits, or regular income. For more details, consult our guide to becoming a Monaco resident.
Each district has its own charm:
According to the 2022 Real Estate Observatory, 65% of transactions involved 2–3 room apartments, with Monte-Carlo and La Rousse accounting for 63.9% of resales. Premium features (parking, terrace, garden, concierge) can boost rental value by 15% to 20%. If renting is the goal, analyze each area’s rental yield to optimize your ROI.
Property in Monaco serves two main purposes:
Studios or 2-room apartments in top districts rent quickly, while larger units attract exclusive clientele.
Monaco’s tax system is highly attractive. There’s no income tax for residents (except French citizens), no inheritance tax on direct transfers, and no capital gains tax on real estate.
Monaco offers a superb Mediterranean lifestyle, top-tier infrastructure, and one of the safest environments in the world, with strong police presence and political stability. These factors ensure strong demand and long-term property value.
Unlike many countries, Monaco’s rental market has standardized leases and strict solvency requirements. Lease terms usually start at 12 months, renewable, with clearly defined conditions. Due to high rents and demand, landlords and agencies are selective about tenant profiles.
Tenants must provide:
Most leases are for a minimum of one year, with automatic renewal. Tenants must maintain the property and pay charges; landlords must offer safe and habitable housing.
Lease termination terms can be strict, often requiring several months’ notice, depending on the contract
Typical rental yields hover around 2%, with studios and apartments showing the best performance.
Monaco’s rental market remains active, with property values increasing 38.1% over the past decade, representing 3.6% annual growth (Real Estate Observatory 2023). This price appreciation allows investors to benefit from both rental income and capital gains.
In rentals, agency fees are usually paid by the tenant. They average 10% of the annual rent (excluding VAT), plus 20% VAT. These fees cover property search, viewings, application processing, and contract drafting. Tenants must also pay a security deposit, typically equal to three months’ rent, refundable at the end of the lease, after inspection and provided no damage is found.
Once the property is chosen, the tenant signs the lease specifying rental terms, charges, and termination conditions. At the same time, the security deposit is paid to cover potential damages or unpaid rent.
Whether you’re buying or renting in Monaco, thorough preparation is essential to navigate this exclusive market confidently. By working with experienced professionals and understanding local nuances, you’ll maximize your return on investment and enjoy life in the Principality. Whether you're searching for property for sale or for rent, Livein.mc brings its expertise to your real estate project to ensure peace of mind and lasting success.
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