Understanding Fees for Your Transactions in Monaco

Buying, selling, or renting a property in the Principality of Monaco involves regulated costs, including agency fees. At PIRAS Real Estate, we place transparency and adherence to regulations as our fundamental principles. These fees are not merely an administrative formality; they remunerate the global expertise of your real estate partner, from strategic property valuation and targeted promotion to client qualification, delicate negotiation of terms, and legal support through to the final signature. In accordance with the standards of the Monaco Real Estate Chamber, our fee schedule applies clearly depending on the nature of each file.

For classic residential transactions, which form the core of real estate activity in the Principality, fees are distributed between the parties according to fixed rates. In the context of a property sale, the agency's remuneration is set at 5% excluding VAT of the sale price payable by the seller, plus 3% excluding VAT payable by the buyer. This structure ensures the agency's total commitment to both parties to bring the transaction to a successful conclusion. In the specific case of a property exchange, each party pays fees amounting to 5% excluding VAT.

The commercial and industrial sector meets specific requirements. For the sale of a business asset, goodwill, or industrial property, as well as for the transfer of leasehold rights, fees are fixed at 6% excluding VAT for the seller and 3% excluding VAT for the buyer. It should be noted that in the event of a business sale following the exercise of pre-emption rights, only the 6% commission excluding VAT payable by the seller is due, with the buyer being exempt.

Finally, our support extends to rentals and the long-term management of your assets. For any rental, whether it is an unfurnished or furnished apartment or commercial premises, the fees due by the tenant amount to 10% excluding VAT of the annual rent. For owners wishing to delegate the administration of their properties, our property management services ensure total peace of mind for a fee of 8% excluding VAT calculated on collected rents.