Property
Open to foreign buyers, executed by notary, in one of the priciest markets
Property law follows the French civil-law tradition, and there are no nationality restrictions on buying real estate. Transactions are executed by a notary and registered, with registration and notarial fees on the price, in what is among the most expensive property markets in the world.
Key rules
- There are no restrictions on foreigners acquiring real estate in Monaco.
- Sales are executed by notarial deed and registered, with registration duties and notary fees on the price.
- Owning property supports, but does not by itself grant, a right of residence.
Governing law
- Civil Code, property provisionsFrench civil-law tradition
- Legislation on registration dutiesDuties on property transfers
In practice
The notary is central to verifying title and handling duties, and buyers should budget substantial transaction costs. Because owning does not automatically confer residence, buyers pursuing residency must still meet the carte de séjour conditions.