Property Investment in Monaco as a Foreigner

Foreigners can freely buy, lease, and sell real estate in Monaco, except for properties near the residence of the Prince of Monaco.

Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 1.6%. Five years ago, an apartment of 100 m2 cost an average of €5.7 mln, and today it is sold for €7.5 mln.

€75,200

Average price per 1 m²

1.6%

Average price growth per quarter

6—12.5%

Associated costs, of the property value

Cost of a 3-bedroom apartment in Monaco

€55 million

Penthouse in the Golden Square area, overlooking the bay

€20 million

Apartment in Monte Carlo, overlooking the bay

€10 million

Apartments outside Monte Carlo

Monaco residency or citizenship by real estate investment

Owners of residential property in Monaco can obtain a residence permit. The value of the property doesn't matter. Residence permits are issued for 3 years with the possibility of extension.

Monaco does not have a government program for obtaining citizenship by purchasing real estate. Foreigners can obtain a Monegasque passport by naturalisation after 12 years of permanent residence in the country. In this case, foreigners must renounce their first citizenship.

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

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Taxes and associated costs

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country
Property investments
Status
Obtaining time
mt-flagmt-flag
Malta28 properties

€375,000+

Permanent residency

6+ months

Show 28 properties

€375,000+Permanent residency6+ months
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gd-flaggd-flag
Grenada17 properties

$270,000+

Citizenship

8+ months

Show 17 properties

$270,000+Citizenship8+ months
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ae-flagae-flag
UAE129 properties

AED 750,000+

Residence permit

2+ months

Show 129 properties

AED 750,000+Residence permit2+ months
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es-flages-flag
Spain30 properties

Not limited

Residence permit

4+ months

Show 30 properties

Not limitedResidence permit4+ months
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pt-flagpt-flag
Portugal41 property

Not limited

Residency after D Visas

6+ months

Show 41 property

Not limitedResidency after D Visas6+ months
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Igor Buglo

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

​Frequently asked questions

  • Is real estate in Monaco a good investment?

    Real estate in Monaco is often considered a prestigious and potentially lucrative investment. Monaco is one of the world’s smallest countries, and available land for development is extremely limited. As a result, there is a high demand for real estate in Monaco, especially among affluent individuals seeking luxury properties in a prime location.

  • Can a foreigner buy property in Monaco?

    Foreigners can freely buy, lease, and sell real estate in Monaco, except for properties near the residence of the Prince of Monaco.

  • How much does a house cost in Monaco?

    The average price per square metre for residential properties in Monaco was estimated to be around €80,000 or more, depending on the specific area and property type.

    For example, luxury apartments in prime locations such as Monte Carlo, Larvotto, or Fontvieille can have prices ranging from several million euros to tens of millions of euros. Houses, villas, or penthouses with exceptional views, large living spaces, and high-end amenities command premium prices.

  • Why is real estate so expensive in Monaco?

    Because Monaco is considered a safe haven for investment, offering stability, security, and confidentiality for investors. Its favourable tax environment, political stability, and sophisticated infrastructure attract international investors seeking to diversify their portfolios and preserve wealth. The influx of global investment further fuels demand for property in Monaco and contributes to its high prices.