Understanding the Property
Buying Process in Monaco

Buying property in Monaco is orderly and transparent, anchored by specialist legal professionals and overseen by a Monaco notary. This guide explains every step of buying a house in Monaco, whether your goal is a primary residence, an investment or a second home.

Most buyers begin by defining a clear brief - size, location, budget, and lifestyle priorities. Whether the objective is a Monte-Carlo pied-à-terre, a modern apartment in Larvotto, or a family residence in Fontvieille a clear property brief allows the search to be more efficient.

Many purchasers choose a Polarius search mandate, which enables us to act as dedicated buying agents, canvassing the entire market, securing access to both on-market and off-market opportunities, and negotiating solely in your interest. This approach strengthens your position when it comes time to agree terms.

Financing or proof of funds is usually confirmed early to streamline negotiations. Once the right Monaco property for sale is identified, the parties agree price and conditions, then sign a preliminary agreement (compromis de vente). Due diligence then proceeds in tandem with the notary’s checks, ensuring that title is clean and documentation complete. The process culminates with the official notary signing, settlement of the balance, and handover.

Because the Monaco property market moves quickly, being fully prepared at each stage - from funds to professional advisors - often determines whether a buyer secures their preferred property or misses out.

Cost Considerations & Pricing

Property prices in Monaco reflect scarcity and sustained global demand. Average resale values reached €51,967/m² in 2024, setting a new record. At the ultra-prime end, new-build hotspots in Larvotto linked to the Mareterra transformation have achieved prices above €97,500/m²

Alongside headline prices, buyers should account for the everyday costs of buying a property in Monaco -legal and notarial fees, registration formalities, and moving or fit-out expenses. From an investment perspective, new-builds consistently command premiums for modern engineering, parking, amenities, and terraces, attracting deep buyer demand.

Property Closing Costs in Monaco

When buying luxury property in Monaco, the following costs typically apply:

• Average Notary Fees in Monaco: Around 6% of the purchase price for individuals or Monaco SCI and 9% for foreign companies. For new construction, a 20% VAT applies instead of registration tax.
• Monaco Property Registration Tax: 6% for individuals or Monaco SCI and 9% for foreign companies.
• Monaco Transfer Taxes: Vary depending on the buyer’s legal structure.
• Agent Fees: Typically 5% (plus 20% VAT) for sellers and 3% (plus 20% VAT) for buyers.
• Share Transfers: Subject to a 4.5% tax for shares transferred from companies owning Monaco property.

Foreign Buyers & Monaco Residency Rules

Foreigners can freely buy property in Monaco, and many use ownership as the first step toward establishing residency in Monaco. Those seeking residency must show adequate means (commonly around €550,000+), a clean criminal record, and suitable housing. Larger residences - especially three-bedroom apartments - have become increasingly popular, reflecting both lifestyle needs and practical residency requirements.

Choosing the Right District

Each Monaco neighbourhood offers a unique proposition for buyers:

• Buying Property for sale in Larvotto – Contemporary living, enhanced by the sea view apartments for sale in Mareterra with its reclaimed shoreline and modern public spaces.
• Buying Property for sale in Monte-Carlo – The emblematic centre of the real estate market in Monaco, walkable and prestigious, close to the Casino, luxury retail and cultural venues.
• Buying Property for sale in Fontvieille – A calm, family-friendly area offering Monaco marina view apartments for sale, parks and everyday conveniences.
• Buying Property for sale in La Rousse – A residential feel and relatively more accessible entry point by Monaco standards, La Rousse property for sale offers both space and convenience.

Tips for Property Buyers in Monaco

Smooth Monaco acquisitions share a few traits. A clear property brief helps focus the search in a fast-moving market. Working with a luxury real estate agent experienced with working in Monaco, such as Polarius, aligns market access, negotiation, and due diligence under one accountable team.

Ahead of making an offer, ensure financing or funds are in order so the compromis de vente and legal checks can proceed without delay. If residency is part of your plan, choose a layout and location that meet those requirements immediately, rather than upgrading later.