Property in Monaco: buying and support
Europe's most expensive market with no restrictions on foreigners: any nationality may buy, but residency is a separate process.
Why Monaco
No restrictions on the buyer
A citizen of any country can buy property — there is no nationality restriction.
Supply is physically limited
The principality is little more than two square kilometres — a factor that has historically supported prices.
Safety and infrastructure
A high level of safety and well-developed infrastructure for permanent living.
Honestly, about residency: a separate procedure
Buying property does not automatically grant residency. Owning a home is one condition, but applicants separately prove financial standing through a local bank account and pass a review.
Honestly, about taxes: there is an exception
There is no personal income tax for Monaco residents — except French citizens, who are covered by a separate agreement between the two countries.
Smaller budget — we'll source it
Tell us the amount and the goal, and we'll come back with options from developers and partners that are not in the catalogue.
Send a requestHow the purchase works
- 1
We map your goal
Budget and format — supply is extremely limited, and a large share of deals happen outside the open market.
- 2
We source the property
We work through local agents — that is how access to off-market supply opens up.
- 3
Legal due diligence
We check the title and all documents before anything is signed.
- 4
The preliminary contract
We fix the terms and price and pay a deposit.
- 5
Notarisation
A Monaco notary handles the deal — a mandatory party to any property transaction here.
- 6
Title registration
We complete the deal by registering the title.
Frequently asked questions
Can a foreigner buy property in Monaco?+
Yes, there are no nationality restrictions: a citizen of any country may acquire property. No permit procedures apply to the purchase itself.
Does buying confer Monaco residency?+
Not automatically. Residency is a separate process in which having a home in the principality is one condition, alongside evidencing financial standing through a local bank and passing vetting.
Is it true that Monaco has no income tax?+
Monaco residents pay no personal income tax, but there is a material exception: French nationals fall under a distinct regime by treaty between the two countries. General statements about the absence of taxes do not apply to them.
Is there an annual property tax?+
No, Monaco has no annual property tax. The owner's main recurring costs are building maintenance charges, which in high-end buildings are substantial and belong in any cost-of-ownership calculation.
Why is it so hard to find a property?+
The principality covers little more than two square kilometres, supply is physically constrained, and a substantial share of transactions happens off-market. Access comes through local agents rather than listing portals.
What are the transaction costs?+
Notarial fees and duties plus agency commission. A Monaco notary handles the transaction and confirms the exact composition and level of the fees for the specific deal.
Can I borrow against the purchase?+
Lending is available through Monaco's private banks, but generally as part of a broader client relationship rather than as a standalone banking product. Terms are discussed individually.
Do you have property in Monaco?+
Yes, there are listings in our catalogue. Given how closed the market is, part of what we offer is sourced directly through local partners — tell us the budget and requirements and we will come back with a shortlist.
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Overview
Monaco has Europe's highest price per square metre and no restrictions on buying by nationality. Residency does not follow automatically from a purchase: it is a separate process with its own requirements.
Why buy here
No restrictions for foreign buyers: a citizen of any country may acquire property. Exceptionally limited supply on just over two square kilometres — a factor that has historically supported prices. High security and infrastructure built for permanent residence.
Taxes, costs and yield
Benchmarks for taxes, purchase and holding costs and rental yield. Exact figures depend on the property and your situation.
Monaco residents pay no personal income tax, with the exception of French nationals, who fall under a separate treaty. There is no annual property tax.
The main transaction costs are notarial fees and duties, plus agency commission. Monaco residents pay no personal income tax, except French nationals. There is no annual property tax either. During ownership, building maintenance costs apply and are substantial in high-end buildings. Exact fee rates are confirmed by the notary for the specific transaction.
1. Find the property: supply is extremely limited and a substantial share of transactions happens off-market. 2. Legal due diligence. 3. Preliminary contract and deposit. 4. Notarial execution: a Monaco notary handles the transaction. 5. Registration of title.
Lending is available through Monaco's private banks, generally as part of a broader client relationship rather than as a standalone product.
Buying property does not grant residency automatically, but having a home is one of the conditions: an applicant evidences accommodation in the principality, demonstrates financial standing through an account with a local bank, and passes vetting. The status requires actual residence and is renewed; specific requirements as to the sum held and how it is evidenced are set by the bank and the administration and confirmed at the time of application. Separately: French nationals fall under a distinct tax regime by treaty between the two countries — general statements about the absence of taxes do not apply to them.
The entry threshold is the highest in Europe and supply is physically constrained: the principality covers little more than two square kilometres. A substantial share of transactions is private, so access to supply comes from working with local agents rather than searching listing portals.
What to bear in mind: — a purchase does not confer residency automatically: that is a separate process with vetting and financial-standing requirements; — French nationals fall under a distinct tax regime — general statements about the absence of taxes do not apply to them; — the market is closed, and assessing a fair price requires local expertise; — maintenance costs in high-end buildings are material and belong in the calculation. Checked in September 2026. Thresholds, rates and programme terms change — confirm the current requirements with a lawyer in the country before you buy.
Request a selection in Monaco
Figures are indicative, change over time and depend on the specific property and your circumstances. Obtain independent legal, tax and financial advice before any purchase.
Get a personal property shortlist
Tell us your goal and budget — we'll send a curated selection from trusted local partners, with no obligation.