Step 1: Define Your Objectives and Budget
The first step is to define your objectives and budget. Whether you are seeking a new development, a resale property, or an investment opportunity, LBMC Properties identifies properties that match your preferences and financial parameters.
Step 2: Property Search and Viewings
LBMC Properties provides access to both on-market and exclusive off-market listings. You will visit shortlisted properties, assessing location, size, amenities, and building management fees, allowing you to make a well-informed choice.
Step 3: Offer and Reservation Deposit
Submit a written offer along with a reservation deposit representing 5% to 10% of the agreed price, held securely until completion. Preliminary contracts may be used to include conditions such as financing or legal verification.
Step 4: Legal Checks and Notary Involvement
The notary verifies ownership, encumbrances, urban planning compliance, and any outstanding debts. Mortgage arrangements are finalized at this stage if applicable. LBMC Properties ensures that all documentation is accurate and complete.
Step 5: Signing the Notarial Deed
The final Acte Authentique is signed before a Monaco notary. At this point, the buyer pays the balance of the purchase price along with all associated fees. Ownership is officially transferred, and keys are delivered.
Step 6: Registration and Post-Purchase Formalities
The notary registers the transaction with the authorities. The buyer completes post-purchase formalities such as transferring utilities, arranging insurance, and notifying the building management. LBMC Properties supports every step to ensure a smooth transition.
Costs and Fees in Monaco
LBMC Properties provides full transparency on all fees, ensuring no unexpected costs arise.
Agency commission: 3% of the purchase price excluding VAT, which corresponds to 3.6% including 20% VAT, as regulated by the Monaco Real Estate Chamber. This fee is paid by the buyer.
Notary and registration fees: Resale properties – 6.25% of the purchase price (1.5% notary + 4.75% registration). New or off-plan properties – 2.5% of the purchase price (1.5% notary + 1% registration).
Mortgage registration duties: 0.92% of the loan amount, if applicable.
Additional costs may include legal fees, valuation reports, insurance, and co-ownership charges.
Legal and Structural Considerations
The legal and fiscal framework in Monaco varies depending on the buyer's profile. Purchases made by natural persons, Monaco-registered civil companies, or foreign entities are treated differently regarding registration duties and tax implications.
New developments benefit from reduced registration costs, while professional buyers registered under the marchand de biens regime are subject to specific obligations. LBMC Properties works with legal advisors to ensure full compliance.
Timeline for Completion
LBMC Properties coordinates all parties to complete transactions efficiently.
Property search and negotiations: Several weeks
Due diligence and financing: 4–8 weeks
Final deed signing and registration: Typically 2–3 months from start to finish
Preparing for Your Purchase
Gather identification, proof of funds, and bank references
Define your legal and fiscal structure: personal, Monaco company, or foreign entity
Inspect properties thoroughly and review building obligations
Why Choose LBMC Properties
LBMC Properties provides expert guidance throughout Monaco's property market. Our team ensures compliance with all legal standards, clear communication, and a smooth purchasing experience. Acquire your home in Monaco confidently with LBMC Properties, your trusted partner in one of the most exclusive real estate markets in the world.
Contact LBMC Properties today for a confidential consultation and discover your perfect Monaco property.
