Off-Market deals in Monaco

Want to understand real estate law in Monaco before buying? The key point to remember is that most properties fall under the free sector, with no particular restrictions. However, some older buildings constructed before 1947 remain subject to Laws 887 or 1235/1291, which impose rent controls and give the State a right of pre-emption. This guide provides the complete process, from the initial contact with the notary through to signing, the exact costs involved (around 6.25% of the purchase price), and, most importantly, how to check before signing an offer whether the property you are considering is subject to this special legal status. You will also find an overview of condominium rules and the implications of purchasing property through a foreign company.