No, you do not need to be a Monegasque resident to purchase property in Monaco. Non-residents can purchase property without restriction. However, in order to reside there, they will need to obtain a residence card.

No. Naturalisation in Monaco is extremely rare and is subject to the sovereign decision of the Prince. Even after 10 or 20 years of residence, there is no guarantee that nationality will be granted. The majority of foreigners residing in Monaco retain their original nationality.

Monaco requires the accommodation to be adapted to the size of the household. There is no official minimum surface area, but in practice :

• Studio : Accepted for a single person.
• 2 rooms : Recommended for a couple.
• 3 rooms and over : For families with children.

An exclusive mandate simplifies the sales process by centralising all dealings with a single contact. This avoids confusion between agencies and double visits, providing better coordination and regular reports on the progress of the sale.

In Monaco, both the seller and the buyer pay the commission to the real estate agency. These rates are communicated by the Chambre Immobilière Monégasque, which represents the vast majority of real estate agencies in the principality. However, in some cases, real estate agents' commissions can be adapted to suit the transaction. In general:

• Seller's commission: 5% + 20% VAT
• Buyer's commission: 3% + 20% VAT

The most popular neighbourhoods are:

• Carré d’Or / Monte Carlo: luxury, prestige, close to the Casino and high-end shops.

• Larvotto: direct access to the beach, ideal for families.

• Fontvieille: more residential, calm and quiet.

• La Condamine: close to Port Hercule, lively atmosphere with restaurants and shops.

Each neighbourhood has its own characteristics and attracts a different clientele.