Buying an apartment on the Monegasque market is not difficult, as long as you pay the right price. However, using a real estate agency is essential if you want to become a property owner in Monaco. The estate agent is responsible for selecting properties, negotiating and signing the sale before a notary.
Using a real estate agency to buy a property in Monaco
Investing in a luxury apartment requires in-depth analysis of the Monegasque real estate market. This requires an understanding of the dynamics of prices in different areas of the Principality. Only a professional in the sector can guide you through this process.
Real estate agencies in Monaco will be able to advise you in your search. They can offer you exclusive properties in the best areas of the Principality. They will then take the necessary steps to ensure that the sale complies with local law.
Are you wondering how to finance a property purchase in Monaco? A real estate agency will present information and financing solutions appropriate to your project. It will then direct you to a Monegasque financial institution that can help you make your investment a reality.
Steps to take to become a property owner in Monaco
Want to know how to invest in Monaco? Buying a home in the Principality lets you combine luxury and profitability. While some investors are looking for an apartment to use a second home, others prefer to invest in property to rent out. To find out more, follow our guide to rental yields in Monaco.
Whatever your property project, our real estate agency will be with you every step of the way:
- Apartment search: our team will suggest a selection of properties that meet your criteria (number of rooms, area, amenities, etc.).
- Formalising the offer: once you have identified the ideal apartment in the desired area, we negotiate the selling price before drawing up a purchase offer.
- Signature of the sale: if the offer is accepted, the contract of sale will be signed before a notary. The notary will then take care of the legal transfer of ownership to finalise the The benefits of buying a property in the Principality
Whether you are buying a two-bedroom apartment or a luxury villa, you enjoy the same benefits. Monegasque residents enjoy a quality of life like nowhere else in the world. Monaco is a country that attracts investors with its sunny climate, heightened security, political stability and luxury companies.
The advantageous tax framework is also one of the benefits of becoming a property owner in Monaco. Monegasque residents pay no tax on income, capital gains or capital. However, this exemption does not apply to French nationals. They remain taxable in accordance with the rules applicable in France.
Applying for a residence permit to settle in Monaco
Becoming a property owner in Monaco is not the only way to settle in the Principality. Foreign investors wishing to live in Monaco for more than 3 months a year must apply for a residence permit. This permit is issued if the following conditions are met:
- proof of good character;
- sufficient financial resources guaranteed;
- proof of residence in Monaco.
In fact, buying a home gives you access to a residence permit. To obtain a residence permit in Monaco, the supporting documents must be sent in digital format to the Monegasque public service website. If you wish to apply on paper, you must submit your application to the Directorate of Public Safety.
Our Coletti Real Estate agency can help you become a property owner in Monaco. As specialists in the subject of Monegasque real estate, our team offers you excellence at the heart of an exclusive market. We’ll help you find the right apartment for your needs by offering you sumptuous properties.
