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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.

€51,912 Average price per 1 m²
of housing in Monaco
1,6% Average price per 1 m²
increase per quarter
6—12,5% Buyers’ related expenses,
of the transaction amount

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

What do investors buy?

The most expensive real estate in Monaco is in the Monte Carlo area. Especially expensive apartments have a view of the Formula 1 race route.


  • penthouses
  • apartments


  • mansions
  • villas

Monaco residence permit or citizenship by real estate investment

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

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Taxes and associated costs


Property buyers pay a registration tax and notary fees.

The associated costs are approximately 6% to 12.5% ​​of the purchase agreement value. When buying an apartment worth €10 mln, the investor will spend €11 mln, considering additional costs.

6—12.5% Of the contract value are related costs for the purchase of housing in Monaco
Purchase expenses
Property registration tax

Of the transaction amount

Notary fee

The law requires a notary to accompany the transaction from preliminary agreement to registration


Of the transaction amount

Agency fee

It is not obligatory to buy properties through an agency. However, agencies are involved in 99% of transactions


Of the transaction amount


Monaco doesn’t have a property or income tax, including taxes on rental income.

€3,240 Approximate annual costs for
maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection

per month

Internet, TV and telephone

per month

Sellers of real estate in Monaco do not incur additional costs: there is no capital gains tax on the sale of real estate, and the buyer pays the commission to a realtor.

0% Related costs when selling
real estate in Monaco
Igor Buglo
Prepared a guide on investing in real estate in Monaco