REAL ESTATE GUIDE · MONACO
Buy or rent a property in Monaco
From property hunting to signing the contract, discover the essential steps and costs to anticipate to bring your project to life in the Principality.
01 · BUY
Steps to Purchasing a Property
01
Define your project
Specify your overall budget, the district, surface area, and intended use. Include agency fees, acquisition costs and, where applicable, financing right from the start.
02
View and make an offer
Following the viewings and initial checks, a written offer specifically outlines the price, conditions and its validity period. Have its scope reviewed before committing.
03
Secure the transaction
Once the offer is accepted, the notary carries out the necessary checks and drafts the deeds. A deposit may be required according to the agreed terms; the financing and the origin of funds are also examined.
04
Sign the final deed
The sale is finalised before a notary once the agreed conditions have been fulfilled. The balance of the purchase price and associated fees are settled, and the keys are then handed over in accordance with the agreed terms.
02 · BUDGET
What costs should you anticipate?
Beyond the purchase price or rent, additional costs should be factored into your budget. Their amount depends on the transaction and the terms agreed upon.
Buyer's agency fees
They are generally payable by the buyer and calculated on the sale price, subject to applicable VAT. Request the fee schedule and breakdown in writing before committing.
Notary fees and duties
Upon purchase, the buyer generally bears the registration fees, the notary's fees, and disbursements. Their amount varies notably depending on the nature of the property and the buyer: ask the notary for a detailed estimate.
Rental-related charges
Please budget for the agency fees plus applicable VAT, lease registration fees, the security deposit, service charges, and the first rent instalment. Verify the amounts and their breakdown in the lease agreement and the agency's fee schedule.
03 · RENT
Rent with complete peace of mind
1 / Prepare your application: identity documents, proof of income, and any additional documents requested by the landlord.
2 / Following the viewing, submit your application and check the lease duration, rent, service charges, security deposit, and termination conditions.
3 / Upon agreement of the parties, sign the lease, pay the agreed amounts and complete an incoming inventory of fixtures before the keys are handed over.
04 · PROFESSIONAL PROJECT
Buy or rent for business
Acquisition by a company, or the use of a property for commercial or professional purposes, requires specific analysis. The structure of ownership can alter the applicable rights and obligations; the permitted use depends on the property itself, the co-ownership building regulations, the lease, and any authorisations required to carry out the activity.
Before making any offer or signing any agreement, have the designated use of the premises, the administrative authorisations, and the legal, tax, and accounting implications confirmed by your notary and specialised advisors.
A project in the Principality?
Our team guides you through your search and helps you prepare each step with the relevant professionals.