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26.000.000 €
Bay House
235 sqm
33 sqm
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Apartments for Sale in Monaco
Discover exceptional apartments for sale in Monaco with Balkin Estates, where local expertise and Knight Frank’s global network grant you discreet access to the Principality’s most prestigious residences.
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Why Invest in an Apartment in Monaco ?
Investing in Monaco offers political and economic stability. The Principality provides a secure environment for both property and residents, with strong institutions and a stable financial situation. Fiscal advantages include no property tax, no income tax for Monegasque residents, no inheritance tax for direct heirs, while VAT applies to certain transactions and notary fees are reduced.
The real estate market shows a scarcity of land, limited supply supports prices, and ensures relative liquidity, properties sell quickly and retain value. Profitability and rental demand remain high, especially for high-end apartments and serviced residences, whether for long-term or seasonal rentals.
Average Price per sqm by Apartment Type and Monaco Neighborhood
What Types of Apartments Can You Find in Monaco ?
- Studios / 1-room: 25 to 50 sqm, often renovated, suitable as a pied-à-terre or seasonal rental investment
- 2-room apartments: 50 to 80 sqm, new or renovated, ideal as a primary residence or short/long-term rental
- 3-room and larger: 80 to 150 sqm, high standard, perfect as a primary residence or rental investment
- Duplex / Penthouses: 150 to 500 sqm, premium features, panoramic views, suitable as a pied-à-terre or main residence
- Luxury apartments: over 200 sqm, buildings with concierge service and high-end amenities, ideal for international clients
Key Criteria When Choosing an Apartment
- Location: neighborhood, view, proximity to the sea, transport, shops
- Usable space and layout: number of bedrooms, orientation, exposure
- Floor and amenities: elevator, parking, storage; parking has high value in Monaco
- Condominium fees and services: concierge, pool, security; request fee statements
- Legal status of the property: ownership, company structure (SCI), life annuity, pre-emption rights, purchase rules by entity
- Taxes and additional costs: registration fees, notary fees, agency commission; differentiate individual vs company purchase
- Technical condition / inspections: renovation possibilities, co-ownership constraints, condition of installations
How Does the Apartment Purchase Process in Monaco Work ?
You contact an agent and schedule a viewing, then submit a purchase offer, usually secured with a 10% deposit. The seller can accept, reject, or negotiate, and this prepares the signing of the preliminary contract with a notary, who ensures legal compliance and supervises the removal of suspensive conditions like financing or co-owner approval.
Once these conditions are met, payment is made at the final deed, including registration fees and notary costs: 1.5% for an individual, up to 10% for a foreign company. The notary finalizes the deed, you receive the keys, and post-purchase formalities (registration, management company, utility transfer, possible mortgage registration) are completed. Prepare ID, proof of funds, company statutes if applicable, bank details, and proof of address to streamline the process and speed up key handover.
The market remains stable with slight growth in 2025, driven by land scarcity, high-end demand, and a favorable macroeconomic context. Risks include low liquidity, reliance on ultra-high-net-worth clients, and sensitivity to international conditions.
Main expenses include condominium fees (maintenance, elevator, cleaning, pool, concierge), water, heating, electricity, building insurance, and possible specific taxes. It is recommended to request fee statements for the past 3 years, as amounts vary greatly depending on the building’s standard.
Non-residents can purchase, with tax differences depending on the acquisition method. For an individual, fees are 1.5%, for a foreign company, up to 10%. Opening a bank account, providing proof of funds, and using a local notary or lawyer are necessary. Some properties may have specific restrictions.
With Balkin, you can explore a variety of properties to suit different lifestyles and needs :
