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Blog on real estate in Monaco

NOTARIES IN MONACO

NOTARIES IN MONACO

The notaries of Monaco are an institution that have the exclusive right to draw up the deed of sale of real estate between two natural and/or legal persons. They also guarantee that the real estate sold is free of any pledge. 

THE MOST EXPENSIVE SQUARE METERS IN THE PRINCIPALITY

THE MOST EXPENSIVE SQUARE METERS IN THE PRINCIPALITY

Looking back on the last 10 years, the real estate sector in Monaco has made a huge success. The average price per meter square has risen by 75%, giving an average price of 52,000€ per square meter. Meanwhile, certain properties can easily surpass the price of 100 000 € per square meter, and this is certainly not likely to decrease.

HOW TO BECOME A PROPERTY OWNER AND RESIDENT IN MONACO

HOW TO BECOME A PROPERTY OWNER AND RESIDENT IN MONACO

The Principality of Monaco attracts many investors from all over the world. Whether you are already in Monaco, in a country of the European Union, or in any other country, you can become the owner of a property, and reside in Monaco. If you are interested in buying a property in Monaco, you will find here all the information you need to carry out your project.

SELLING A LIFE ANNUITY FLAT IN MONACO

SELLING A LIFE ANNUITY FLAT IN MONACO


A life annuity is the sale of one or more properties to a buyer who pays the seller a life annuity in exchange until his or her unforeseen death. Selling a property as a life annuity allows the buyer to quickly dispose of a certain amount of money and to ensure a regular income while continuing to benefit from the use or usufruct of the property. 
 

2021 - NEW RECORD FOR PROPERTY PRICES IN MONACO

2021 - NEW RECORD FOR PROPERTY PRICES IN MONACO

Average property prices in Monaco reach a new all-time high. The year 2021 was marked by the recovery of the real estate market. In Monaco, as in the rest of the world, real estate price growth was supported by historically low interest rates and the exceptional performance of the financial markets. After the shock of the Covid-19 pandemic on all global economies, central banks injected phenomenal amounts of liquidity to finance the recovery and support financial and real estate asset prices.

Real estate markets in Monaco, as in the rest of the world, have largely benefited from these ultra-accommodative monetary policies. It is in this context that the average price per square meter reached a new record in Monaco, rising from €47,619 in 2020 to €51,912 in 2021. That's an increase of 9%.

RENTAL YIELD IN MONACO

RENTAL YIELD IN MONACO

Most Monegasque investors seek to make their investments profitable by buying and reselling real estate at a higher price within 1 to 4 years. But what about long-term investors who want to build up real estate assets that will provide them with regular income over a long period of time? Where should they invest and in what type of buildings? The following table, based on the current sale and rental prices of about 200 properties in Monaco, shows that investments in Studios offer for most areas of Monaco, the highest returns. Similarly, less popular neighborhoods like La Condamine and Monaco Ville offer higher yields on average than more popular ones like the Carré d'Or and Monte Carlo.

PROPERTIES TRADER IN MONACO

PROPERTIES TRADER IN MONACO

The merchant of goods is a trader who carries out real estate transactions, he acquires property to renovate at discounted prices, carries out improvement work and then resells it and thus makes a capital gain. He thus benefits from the legal status of trader, and must therefore be registered in the Trade and Companies Register, keep his accounts and produce annual accounts. To practice this profession, no diploma is necessary, it will just be necessary to create the necessary legal structure. 

FLATS UNDER LAW 887

FLATS UNDER LAW 887

In the case of the purchase of an apartment under law 887, the apartment can only be rented with a lease of a minimum period of six years exclusively terminable by the tenant. In addition, the tenant must meet one of the following criteria:


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Issue 04 | Autumn 2022

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