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 €7.5 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.
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.
Malta12 properties
€300,000+
Permanent residency
6+ months
Show 12 properties
Grenada18 properties
$270,000+
Citizenship
8+ months
Show 18 properties
UAE109 properties
AED 750,000+
Residence permit
2+ months
Show 109 properties
Spain36 properties
€500,000+
Residence permit
5+ months
Show 36 properties
Portugal68 properties
Not limited
Residency after D Visas
6+ months
Show 68 properties
Show all countries40+ guides with European countries
Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.
Material prepared by Igor Buglo, Head of the Maltese office, MBA