The Principality’s quality of life, dynamic real estate market and advantageous tax system attract investors from all over the world. Buying in Monaco is a safe and profitable investment. Follow this guide to make the right choices throughout the process of buying property in Monaco.
The advantages of buying property in Monaco
Buying in Monaco has many advantages. Investors are attracted by the buoyancy of the Monegasque market. Property prices in Monaco are constantly changing. This growth helps to increase the value of properties for future sale.
Whether you are looking for a residence or a rental investment, buying in Monaco is also attractive from a tax point of view. Buying an apartment or villa gives you residency status. Monegasque residents are exempt from income tax.
The Principality also attracts investors from all over the world for its quality of life. This small country offers a safe environment in which to settle on the Côte d’Azur. Numerous modern, luxury properties are scattered throughout a variety of secure neighbourhoods.
The right people to buy property in Monaco
Buying property in the Principality requires sound advice. You can rely on our Coletti Real Estate agency. We have a team of experts in Monegasque real estate to help you in your search for a luxury apartment in Monaco.
Our agents are here to help you at every stage of the buying process. Because every buyer is unique, we analyse your exact needs to understand what you’re looking for. Our aim is for you to find the ideal property in a neighbourhood that meets all your criteria.
The process of buying property in the Principality
Are you looking to invest in a top-of-the-range property in Monaco? Our Coletti Real Estate agency will be with you every step of the way:
- Understanding what you are looking for: our agent assesses your expectations in order to offer you unique properties in the Principality’s best districts.
- Selection of properties: based on the criteria identified above, our agent will present a range of exclusive properties that meet your expectations.
- Drafting the purchase offer: once you have found the ideal luxury apartment, we will formalise your interest with a purchase offer.
- Acceptance of the purchase offer: our agent will submit the offer to the seller. If it is accepted, you will have to pay a deposit to finalise the sale.
- Signing of the deed: the deed is signed before a notary once the formalities have been completed to ensure that the sale complies with local law.
Costs involved in buying property in Monaco
Buying in Monaco means you have to pay a number of fees. In particular, the buyer must pay agency fees. These are set by the Monegasque Real Estate Chamber and amount to 3% excluding VAT + VAT.
When buying property in Monaco, investors must also pay notary and registration fees. These vary according to the nature of the acquisition:
- New property or property in a future state of completion: 2.5% of the value of the property, including 1.5% notary’s fees.
- Purchase by an individual or an investment company registered in Monaco: 6.25% of the value of the property.
- Purchase by an offshore or foreign company: 11.5% of the value of the property, including 10% registration duty.
Would you like more information about buying in Monaco? Contact our Coletti Real Estate agency specialising in luxury real estate. Whether you’re buying a primary residence or a rental investment, we can guide you every step of the way.
