Real estate investment in Monaco

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 €7.1 mln.


Average price per 1 m²


Average price growth per quarter


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 residence permit or citizenship by real estate investment

Obtaining a Monaco residence permit or citizenship is not connected with purchasing real estate.

Taxes and associated costs

Igor Buglo

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

April 26, 2024