What are the purchase costs when buying property in Monaco?

Purchase costs in Monaco total approximately 6% of the purchase price. This covers notaire fees, registration tax (1.5% of the purchase price), and administrative charges. There is no capital gains tax and no annual property tax in Monaco.

Can foreigners buy property in Monaco?

Yes. There are no restrictions on foreign ownership of property in Monaco. Buyers from any country may purchase residential property without special permissions. A notaire handles all transactions.

Do I need to be a Monaco resident to buy property there?

No. You do not need to be a resident to purchase property in Monaco. However, purchasing property does not automatically grant residency. Residency requires a separate application and proof of sufficient financial means.

How long does it take to buy property in Monaco?

From accepted offer to completion typically takes 2–4 months. The notaire requires time for due diligence — usually 4–8 weeks — before the final deed of sale can be signed.

What taxes do property owners pay in Monaco?

Monaco has no annual property tax, no capital gains tax, no inheritance tax (for direct family), and no income tax on rental income for residents. The principal transaction cost is the 1.5% registration tax paid at purchase.

Monaco Property Guides

Expert guides to help you buy, rent, sell, and live in the world’s most compact principality.

Essential Guides

Buying in Monaco

Everything you need to know about purchasing property in the principality.

Renting in Monaco

A complete guide to renting in Monaco, from lease terms to residency.

Selling Your Property

How to list and sell your Monaco property for lower fees.

Living in Monaco

Climate, culture, healthcare, education, and daily life in the principality.

Monaco Residency

Requirements, application process, bank accounts, and tax implications by nationality.

Monaco Tax Guide

Zero income tax, capital gains tax and wealth tax. The complete fiscal picture for Monaco residents.

Living in Monaco

Key facts about the principality

39,150

Population

2.02 km²

Area

140+

Nationalities

Income Tax

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District Guides

Monte-Carlo

The commercial and cultural heart of Monaco, home to the Casino, designer boutiques and the Carré d'Or golden square.

Larvotto

Beachfront living with panoramic Mediterranean views and the new Mareterra extension.

Fontvieille

Modern, family-friendly district with parks, a marina and the Stade Louis II.

La Condamine

The commercial heart of Monaco, well-connected with the daily Condamine Market and Port Hercule.

Monaco-Ville

The historic Old Town on Le Rocher, home to the Prince's Palace and the Oceanographic Museum.

La Rousse

A hillside eastern district bordering France, offering panoramic views and excellent value.

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Monaco Property Laws

Some Monaco properties are subject to rent-control legislation that grants sitting tenants occupancy rights. These laws affect price, buyer options, and financing. Understanding them before you buy is essential.

Monaco Law 887

Hereditary tenant protections and the discount applied to affected properties. What buyers need to know.

Monaco Law 1.235

Extended rent-control protections amended by Law 1.291. Scope, buyer impact, and price discount explained.

Market Insights

Up-to-date data on Monaco property prices, transaction volumes, and district comparisons based on IMSEE statistics.

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