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.