Can foreigners buy property in Monaco?

Yes — there are no nationality restrictions on buying property in Monaco; purchase is open to all buyers. Owning a home can help meet the accommodation requirement if you later apply for residency, but buying itself does not require it.

What does it cost to buy in Monaco-Ville?

Budget roughly 6% for notary and registration on a resale, plus about 3% agency commission (often borne by the seller). Monaco levies no annual property tax and no capital-gains tax on a resident's main home.

How much is prime property in Monaco-Ville per m²?

Monaco-Ville runs at an indicative €40,000/m² for prime stock in 2026 — see the Riviera Prime Index for the full ranking.

Monaco-Ville

Name: Monaco-Ville
Address: Monaco

Monaco-Ville — Le Rocher — is the Principality's medieval old town, a protected 20-hectare headland of ochre façades and vaulted lanes around the Prince's Palace and the Cathedral. Its housing stock is the smallest of any Monaco district, roughly 56,700 m² across 220 largely historic buildings, and almost none of it ever reaches the open market. IMSEE recorded just eight resales here in 2025 — under 2% of the Principality's total.

No residences

Indicative prime price€40,000 per m²

Indicative prime benchmark — not a valuation.

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See how Monaco-Ville ranks in the Riviera Prime Index

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La Condamine

€52,000/m²

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Buying here

How to buy in Monaco-Ville

Apartments change hands so rarely that IMSEE excludes Monaco-Ville from its official price-per-m² model altogether; agency desks bracket the old town at roughly €35,000–40,000 per m², with each sale negotiated on its own merits, while the Principality-wide IMSEE estimate eased 1.4% in 2025. Stock is atypical: small character apartments and rare townhouses rather than the serviced towers of the seafront. Buyers are heritage-minded — long-established Monégasque families and collectors of the irreplaceable, for whom the Rocher's value lies precisely in the fact that it cannot be rebuilt.

The process

1
Engage a Monaco advisor
A licensed agent surfaces both listed and off-market stock and represents you through the deal — essential in a market where the best apartments never reach a portal.
2
Offer & reservation
On an accepted offer you sign a reservation and place a deposit, customarily around 10% held by the notaire.
3
Notaire & compromis
A Monégasque notaire (a public officer) drafts the sale agreement, runs title and charge checks, and secures the transaction for both sides.
4
Funds & optional residency
Arrange funds or private-bank financing. If you also want to reside, open a Monaco bank relationship and lodge the required deposit in parallel — buying itself needs no residency.
5
Acte de vente
The final deed is signed before the notaire, the balance and costs settle, and keys are handed over.

Acquisition costs

Notary + registration: ~6% (resale)
Agency commission: ~3% (often seller-borne)
Annual property tax: None
Income / capital gains (resident primary home): None

Indicative figures — confirm exact costs with your advisor and notaire.

Buying property in Monaco-Ville — FAQ

Can foreigners buy property in Monaco?: Yes — there are no nationality restrictions on buying property in Monaco; purchase is open to all buyers. Owning a home can help meet the accommodation requirement if you later apply for residency, but buying itself does not require it.
What does it cost to buy in Monaco-Ville?: Budget roughly 6% for notary and registration on a resale, plus about 3% agency commission (often borne by the seller). Monaco levies no annual property tax and no capital-gains tax on a resident's main home.
How much is prime property in Monaco-Ville per m²?: Monaco-Ville runs at an indicative €40,000/m² for prime stock in 2026 — see the Riviera Prime Index for the full ranking.