Acquisition of a Property in Monaco

Acquiring real estate in Monaco is a strategic endeavor that requires in-depth expertise of the Monegasque property market. With its prestigious lifestyle, attractive tax framework, and highly sought-after real estate market, the Principality of Monaco appeals to property investors and international residents in search of exceptional assets. As a specialist in luxury real estate in Monaco, Piras Immobilier places its unique know-how at your service and supports you at every stage to ensure your property project is completed under the best possible conditions.

Defining Your Acquisition Project

Before beginning your search, it is essential to clearly define your objectives:

• Type of property: apartment, villa, penthouse, or rental investment?
• District: Monte-Carlo, Fontvieille, La Condamine, Jardin Exotique… each area has its own identity and advantages.
• Number of rooms and bedrooms desired.
• Budget: property prices per square meter in Monaco are among the highest in the world, frequently exceeding €50,000/m² in certain prestigious residences.

Understanding the Monegasque Real Estate Market

The Monaco real estate market is distinguished by its exclusivity and resilience:

• Limited supply versus strong demand: the Principality’s restricted surface area makes properties rare and highly sought-after.
• Fast transactions: the best opportunities do not remain available for long, making responsiveness and professional guidance essential.
• Consistent value appreciation: Monegasque real estate is considered a safe haven by international investors.

Finding the Ideal Property

Placing your trust in PIRAS Immobilier means benefiting from:

• Exclusive access to exceptional properties, including off-market opportunities.
• A refined selection perfectly aligned with your expectations.
• Discreet, tailor-made support, from initial contact to the signing of the deed.
• In-depth expertise in regulations and market trends.

Legal and Administrative Steps

Monaco does not restrict real estate purchases by foreign buyers, making the acquisition process smooth and secure. The main steps include:

1. Formalizing the Purchase Offer

Once the property has been selected, a written offer is submitted. It must include:
• A detailed description of the property.
• The proposed purchase price and its validity period.
• The buyer’s identity (with proof of address).
• Notary fees and the agency’s commission.

The offer is generally accompanied by a 10% deposit, paid to the notary handling the transaction.

2. Legal Due Diligence

After acceptance of the offer, the notary carries out all regulatory checks (title deed, charges, mortgages, etc.).

3. Signing of the Deed of Sale and Transfer of Ownership

Approximately 2 to 3 months after acceptance of the offer, the sale is finalized before a Monegasque notary. Legal ownership is transferred upon signature, and the notary provides the parties with the official certificates of sale. Monaco has three notarial offices: REY, AUREGLIA CARUSO, and CROVETTO AQUILINA.

4. Fees to Anticipate

Purchasing property in the Principality involves certain costs:
• Notary fees and registration duties: approximately 6.25% of the purchase price when the property is held in one’s own name.
• Agency fees: 3% + VAT (20%) of the sale price.

5. Financing and Taxation

Monaco is renowned for its advantageous tax environment, notably the absence of income tax for residents. Regarding financing:

• Local and international banks offer mortgage solutions tailored to the specificities of the Monegasque market.
• A substantial personal contribution is generally required to obtain preferential conditions.

6. Obtaining Monegasque Residency

While purchasing property is not a requirement to obtain residency, it can facilitate the process. To become a resident, one must:
• Have accommodation in Monaco (as an owner or tenant).
• Demonstrate sufficient financial resources.
• Submit an application to the Public Security Department.

Acquiring real estate in Monaco represents far more than a simple purchase: it is a secure property investment, a lasting patrimonial asset, and access to a unique lifestyle. Thanks to remarkable economic stability, an attractive tax system, and sustained international demand, the Monaco real estate market remains one of the most sought-after and resilient in the world. In such an exceptional environment, being supported by an expert in Monegasque real estate is essential. PIRAS Immobilier, a specialist in luxury real estate in Monaco, provides you with in-depth market knowledge, an exclusive network, and complete mastery of the legal, tax, and financial aspects involved in acquiring an apartment, penthouse, or villa in the Principality.

Whether you wish to purchase an apartment in Monte-Carlo, invest in a high-yield property, or acquire a primary or secondary residence in Monaco, our team guarantees you a smooth, confidential, and perfectly controlled buying experience.

PIRAS Immobilier stands as your benchmark for prestige real estate in Monaco, combining excellence, discretion, and uncompromising standards.