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Real estate ancillary purchase costs

In addition to the purchase price for a property in Monaco, the following costs are incurred as ancillary costs on the secondary market:

Costs for the notary (incl. all fees incurred) amount to 6.5 % of the purchase price
Agency or broker commission: 3 % (+ VAT)

On the secondary market, you should plan about 10 % in total for ancillary real estate costs. Since many apartments in Monaco belong to non-resident companies, you may be advised to buy 100% of the company’s shares in order to save taxes. However, this may affect your residency status. Therefore, you should carefully consider the advantages and disadvantages of such a design.

If the purchase involves a new or more recent property or apartment, the ancillary costs of the property increase, as the real estate value-added tax of 20% applies.

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Claude Meury

Our profound knowledge of the industry and experience in property sales distinguish us just as much as our comprehensive range of services. From pricing to marketing and sale, we are at your disposal throughout the process and, in consultation with you, we ensure that we achieve the best possible price for your property in Monaco. Get to know Claude Meury | Your real estate agency for Monaco

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