Buying luxury real estate in the Principality of Monaco involves specific legal and administrative fees. These closing costs are mandatory. They vary significantly based on the age of the property and the corporate structure you use to buy it.
We created this interactive calculator to give you complete financial transparency. Use it to estimate your total capital requirement before you make a formal offer on a Monaco apartment.
Monaco Property “Hidden Costs” Calculator
Understanding Your Closing Costs
The calculator above uses the official legal rates established by the Monegasque government and the Real Estate Chamber. Here is exactly how your total capital requirement is calculated.
1. Mandatory Agency Fees
In Monaco, the standard real estate agency commission for the buyer is 3% of the purchase price. This fee is subject to a 20% Value Added Tax (VAT). This brings the total official agency fee to exactly 3.6%. You must pay this fee regardless of the property type or your legal structure.
2. Notary Fees and Registration Taxes
The notary fees and property registration taxes are where costs fluctuate. The final percentage depends entirely on what you are buying and how you register the ownership.
- New Build and Off-Plan Properties: Buying a brand-new property is heavily incentivized. The total notary and registration fee is just 2.5%.
- Resale Properties (Personal Name or Monaco SCI): If you buy an older property in your own name or through a local Monegasque company (SCI), the total fee is 6.25%.
- Resale Properties (Foreign or Offshore Company): If you purchase the property through a foreign corporate entity, the Monegasque government applies a higher tax rate. The total fee is 9.0%.
Why Your Buying Structure Matters
Choosing whether to buy in your personal name, through a Monaco SCI (Société Civile Immobilière), or via an offshore company is a massive financial decision.
Your choice dictates your upfront registration taxes. More importantly, it dictates how the property is handled under Monaco's inheritance laws. Proper structuring ensures your wealth is smoothly transferred to your heirs without unnecessary taxation. You can read more about how local regulations impact buyers in our Monaco Property Laws Guide.
You must also understand the general market prices before calculating your final budget. Review the current average values in our Monaco Property Prices Per Square Meter guide.
Start Your Property Search
Knowing your exact total costs is the first step. The next step is finding the perfect apartment.
The most exclusive properties in districts like Larvotto and the Golden Square rarely hit the public market. They are traded privately between connected agencies. You can learn how this elite system works in our guide to finding off-market property in Monaco.
Ready to find your Monaco home?
Our team connects ultra high net worth buyers directly with the best bilingual property lawyers and off market real estate agents in the Principality.