Property in Monaco: buying and support

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.