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Monaco Luxury Real Estate

The most expensive square metres on the Mediterranean, sold through Monaco’s notaries, with no annual property tax and a home in the Principality at the heart of every residence application.

Best Areas →How to Buy →Founding Partners →
Port Hercule and the hills, MonacoPhoto: Maxime Holst / Unsplash

At a glance

Monaco property at a glance

Who can buy
Anyone, freehold. No permit and no reciprocity test.
Registration duty (resale)
4.75% for individuals and transparent Monaco SCIs; 10% for opaque structures, or 7.5% if an approved agent discloses the owners.
New builds
Sales subject to VAT pay a 1% transcription duty instead.
Annual property tax
None, and no wealth tax.
Average price
€57,569/m² in 2025 (IMSEE, transactions).
Residency through property
No golden visa, but a home in Monaco is a core requirement for a residence card.
Currency
Euro (EUR).

Why buy here

Why buy in Monaco

Monaco is two square kilometres of the most valuable real estate on the Mediterranean: apartments above the harbour, the Casino and the beach at Larvotto, and the new Mareterra district on the sea. Supply, not rules, is the constraint.

Anyone can buy, and residents pay no personal income tax (French nationals excepted), no wealth tax and no annual property tax. US citizens remain taxable by the United States on worldwide income.

Since 1 October 2023 the registration duty on a resale is 4.75% for individuals and transparent Monaco companies. For hotels, the Grand Prix and the Yacht Show, see our guide to Monaco.

Who can buy

Who can buy property in Monaco

Open to all. Ownership is freehold and open to every nationality, with no reciprocity test and no purchase permit.

Companies and transparency. You can buy through a Monegasque société civile immobilière (SCI) or another company. Individuals and transparent Monaco SCIs pay 4.75%; opaque structures pay 10%, or 7.5% if an approved agent discloses the beneficial owners. Expect beneficial-ownership checks by the bank and the notary.

No zones. Monaco is entirely urban, with no agricultural, island or border rules. Building permits are tightly controlled by the State, which affects new supply, not who may buy.

Best areas to buy

The best areas to buy in Monaco

Average transaction prices per square metre for 2025 from Monaco’s statistics office (IMSEE, Observatoire de l’Immobilier 2025, published February 2026). New sales and resales are combined, so the figures are not comparable with earlier years.

Monaco

Larvotto

Beachfront towers, including the Tour Odéon, beside the new Mareterra district. Monaco’s most expensive district.

€71,167/m²IMSEE 2025 average (+2.2%); new builds €71,241/m².

Monaco: Territory page →
Monte-Carlo skyline under blue sky, Monaco
Monte-Carlo skyline under blue sky, Monaco · Photo: Mark de Jong / Unsplash
Monaco

Monte-Carlo and the Carré d’Or

Around the Casino and the Hôtel de Paris: Monaco’s most famous addresses.

€54,009/m²IMSEE 2025 average (+4.8%); new builds above €60,000/m².

Monaco: Territory page →
Mareterra seafront residences and marina, Monaco
Mareterra seafront residences and marina, Monaco · Photo: Shalev Cohen / Unsplash
Monaco

Mareterra

The new district reclaimed from the sea beside Larvotto, with low-rise villas and apartments: Monaco’s newest prime product.

No separate figureIMSEE does not publish a figure for Mareterra. Monaco-wide new buildings from 2020 averaged €65,602/m² in 2025.

Monaco: Territory page →
Monaco

Fontvieille

A quieter, family district with its own marina, on reclaimed land.

€52,518/m²IMSEE 2025 average (+4.5%).

Monaco: Territory page →
Port Hercule harbour, Monaco
Port Hercule harbour, Monaco · Photo: Marc Vael / Unsplash
Monaco

La Condamine and Port Hercule

Apartments above the harbour and the Grand Prix circuit.

€52,104/m²IMSEE 2025 average (−0.7%).

Monaco: Territory page →
Monaco

Jardin Exotique and Moneghetti

Elevated residential districts with sea views and relatively better value.

€43,797–45,168/m²IMSEE 2025 averages: Jardin Exotique €45,168/m², Moneghetti €43,797/m².

Monaco: Territory page →

Homes and settings

Homes and settings in Monaco

Photographs to show the setting and style of homes; they are not listings for sale.

Mareterra residences by the water, Monaco
Mareterra residences by the water, MonacoPhoto: Antoine Contenseau / Unsplash
Mareterra residential tower against blue sky, Monaco
Mareterra residential tower against blue sky, MonacoPhoto: Antoine Contenseau / Unsplash
Monaco marina with yachts and the sea
Monaco marina with yachts and the seaPhoto: Jean-Paul Wettstein / Pexels

Developers

Leading developers and branded residences

How to buy

How to buy property in Monaco, step by step

  1. Offer and reservation. Through a licensed Monaco agent.
  2. Preliminary contract. A compromis de vente, signed before a Monaco notary, with a deposit.
  3. Due diligence. The notary checks title and mortgages, the condominium rules and any pre-emption rights. Buyers using a company provide beneficial-ownership documents.
  4. Final deed. The acte authentique, before a Monegasque notary, which is mandatory.
  5. Registration. With the tax department (Direction des Services Fiscaux) and transcription at the land registry. A mortgage adds 0.65% duty on the secured amount.

Timeline. Agree the completion date in the compromis; your notary will confirm the time needed for searches and any mortgage.

Lawyers and lenders who serve foreign buyers can be listed on this page. To advertise, write to [email protected].

Taxes and fees

Taxes and fees in Monaco

Buying
ItemRateNotes
Registration duty, individuals and transparent Monaco SCIs4.75%Resale. Since 1 October 2023 (Loi n° 1.548)
Registration duty, opaque structures10%7.5% if an approved agent discloses the beneficial owners
Fixed duty€50Up from €10
New build (VAT sale)1% transcription dutyVAT at 20% is in the price
Mortgage registration0.65%Of the secured amount
Owning
ItemRateNotes
Annual property taxNoneOwners pay condominium charges and utilities
Wealth taxNone
US citizensTaxed by the United StatesOn worldwide income and gains, wherever they live

Residency through property

Residency through property in Monaco

See also residency and golden visas.

No programme

No golden visa

Residence is granted case by case to people who show accommodation in Monaco, by title deed or lease, and sufficient financial means. Buying a home supports an application; it does not by itself confer residence.

Open

The carte de séjour

Three cards, by length of residence:

  • Temporaire: one year; €80 first card, €40 renewal
  • Ordinaire: after three years; valid three years; €100, then €50
  • Privilégié: after ten years; valid ten years; €160, then €80

Founding Partners

Founding Partners in Monaco

Three places for Founding Partner Agencies and three for Developers in each Territory. Places are open.

Founding Partners →The Territories →

Questions buyers ask

Buying property in Monaco: questions buyers ask

Can Americans buy property in Monaco?

Yes. Ownership is open to every nationality, with no permit and no reciprocity test. US citizens remain taxable by the United States on worldwide income.

What is the registration duty in Monaco?

On a resale, 4.75% for individuals and transparent Monaco companies since 1 October 2023; 10% for opaque structures, or 7.5% if an approved agent discloses the beneficial owners.

How much does a square metre cost in Monaco?

The 2025 average was €57,569/m² across new sales and resales (IMSEE). Larvotto averaged €71,167/m² and Monte-Carlo €54,009/m².

Does buying an apartment give residence in Monaco?

Not by itself. A home in Monaco, owned or rented, is a core requirement for a residence card, along with sufficient financial means.

Is there an annual property tax in Monaco?

No. Monaco has no annual property tax and no wealth tax; owners pay condominium charges and utilities.

Where to stay while you look

Hôtel de Paris Monte-Carlo

Selected by TheMediterranean.com · Place du Casino, Monte-Carlo

View the Resort

Sources

Checked and sourced

Checked 31 October 2026. Rules and rates change; confirm with a qualified lawyer and tax adviser before you buy. TheMediterranean.com is not a real estate broker, agent or finder, and nothing here is legal, tax or immigration advice.

Official sources

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