ACQUISITION COSTS: MONACO AGENCY AND NOTARY FEES
When buying in Monaco, acquisition costs extend beyond the purchase price. Buyers must account for notary fees and agency fees, which together ensure that the transaction is legally secure and professionally managed. This article outlines the structure of Monaco real estate agency fees and notary fees so buyers can approach their purchase with clarity and confidence.
NOTARY FEES IN MONACO
Every property purchase in Monaco must be formalised by a notary, whose role is to safeguard the transaction and ensure compliance with local law. Notary fees consist of two main components:
Notary’s Fee: Set at 1.5% of the purchase price, this fee covers the notary’s professional services, including drafting the deed of sale, verifying the legal conformity of the property, and guiding both parties through the process until completion.
Registration Duties: at 4.75% of the purchase price, registration duties cover transfer taxes, registration charges, and administrative costs associated with transferring ownership. These duties confirm the legal validity of the purchase and formally register the property in the buyer’s name.
Combined, notary fees amount to 6.25% of the purchase price.
MONACO REAL ESTATE AGENCY FEES
In Monaco, agency fees are regulated by the Chambre Immobilière Monégasque and applied uniformly across the market.
3% + VAT of the purchase price.
With 20% VAT, this totals 3.6%
These fees cover essential services such as property valuation, facilitating communication between buyer and seller, and personalised support throughout the transaction. Standardisation ensures transparency, giving buyers confidence that costs are consistent across all agencies.
A LONG-TERM COMMITMENT BEYOND THE PURCHASE
At Dameno Monaco Real Estate, our role extends beyond the transaction. We view each purchase as the start of a long-term relationship. Clients benefit from guidance not only during the acquisition but also after the sale, with tailored support that may include:
Introductions to private clubs and networks.
Assistance in hiring domestic staff.
Advice on financing solutions.
School placements for children.
Property management and portfolio oversight.
By choosing Dameno, buyers gain a partner committed to their success and integration into Monaco’s community.
These fees cover a full professional service including:
- Property valuation
- Photography and promotional material
- Targeted marketing across digital and print channels
- Organisation of property visits
- Management of negotiations through to signing
SPEAK TO OUR AGENTS
Speak to our team to learn more about Monaco notary and agency fees for buyers
FREQUENTLY ASKED QUESTIONS
Are notary fees negotiable in Monaco?
No. Notary fees and registration duties are fixed by law and apply equally to all transactions.
Are MONACO real estate agency fees always 3.6%?
Yes. Agency fees are standardised across Monaco by the Chambre Immobilière Monégasque, set at 3% plus 20% VAT.
Who pays the agency fees in Monaco?
The seller typically pays 5% commission and the buyer pays 3% commission, both excluding VAT
Are Monaco's acquisition costs and fees transparent?
Yes, both notary and agency fees are regulated and clearly defined, ensuring buyers know upfront what to expect when buying in Monaco.
