Investment property: Monaco
Monaco is the most expensive housing market in the world: a tiny territory, almost no free land and steady demand from wealthy buyers worldwide.
Foreigners buy property in the principality with no restrictions by citizenship. There is no residence-by-purchase programme, but owned or rented housing is required for a residence card, so buying a flat often becomes part of a relocation plan.
The market in numbers
| Indicator for 2025 | Value |
|---|---|
| Average price per square metre | €57,569, ~$64,600 |
| Total property transactions | 493 worth ~€5.9 billion, ~$6.7 billion |
| Resales | 429 |
| Average resale price | ~€7.6 million, ~$8.6 million |
Data from Monaco's statistics office for 2025. Dollar amounts are converted at the European Central Bank rate of 5 October 2026 and rounded up. Few new buildings are built, so most transactions are resales.
Where people buy
The most expensive districts are Monte-Carlo and Larvotto by the sea, with sea-view flats within walking distance of the casino and beaches. Cheaper per square metre are Fontvieille, Moneghetti and Jardin Exotique, with more family flats and parking spaces. The new Mareterra district, built on about six hectares of land reclaimed from the sea, added a small number of luxury houses and flats to the market.
Costs on top of the price
| Buyer and property | Charges |
|---|---|
| Individual or transparent company, resale | 4.75% registration duty and a notary of about 1.5% |
| Non-transparent company, resale | 9.5% registration duty and notary |
| New build | 20% value added tax instead of registration duty, notary about 2.5% |
The registration duty rates have applied since 2023 under Law No. 1.548. A transparent company is one whose members are known and are themselves liable for tax, such as a civil company for holding property. We choose the ownership structure before the preliminary agreement is signed: it affects both the charges and inheritance.
We will calculate online the full purchase cost for your budget: taxes, fees and transaction costs.
How a purchase works
- Choice of property for the goal: a family home, a base for a residence card, long-term holding.
- Property check: the seller's title, building rules, running costs, renovation permits.
- Preliminary agreement before a notary and a deposit, usually about 10%.
- Proof of the source of money: the notary and the bank check the buyer's funds.
- Final deed before the notary, payment and registration of title.
Two to three months usually pass between the preliminary agreement and the final deed. A mortgage is possible, but Monaco banks lend mainly to clients who keep capital with them.
Owner's taxes
Monaco residents, except French citizens, pay no income tax. Individuals pay no capital gains tax in Monaco on a sale, but non-residents may owe it in their own country. If the property is rented out, the income is taxed under the rules of the owner's country of residence, and we review companies with rental income separately.
Risks to know about
- A very high entry threshold: even a small flat costs several million euro.
- Little supply, and the best properties sell without wide advertising.
- Strict source of funds checks: since 2024 Monaco has been under increased monitoring by the international anti-money laundering body, and notaries and banks check buyers especially thoroughly.
- High building service and parking costs, worth calculating in advance.
What we do
Murblz specialists select properties for your goal, check legal title, prepare the source of funds file for the notary and bank, choose the ownership structure, support the deal through to registration of title and, if you are moving, handle the residence card application in parallel with the purchase. We fix the estimate in writing.
What we do
- Property shortlist for your investment goal
- Legal due diligence on the property
- End-to-end transaction support
- Ownership structuring (company, trust)
- Property management and letting
See also
Company formation · Business account · Personal account · Country taxes · All country programs
FAQ
Can a foreigner buy property in Monaco?
How much does a square metre cost in Monaco?
What taxes and charges apply on purchase?
Does buying property give a Monaco residence permit?
Can I buy with a mortgage?
How much does deal support cost?
Which property in Monaco fits your goal?
We shortlist properties in Monaco for your budget, check the seller and documents and support the deal at the notary. Every country is in the searchable catalogue.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
Free consultation