Tips For Securing The Most Desirable Monaco Property For Sale

Monaco is a tiny sovereign state with a huge international profile. It’s not only one of the most beautiful places in the Mediterranean, but it is also one of the most exclusive.

The natural geography is stunning and the advantageous tax system for residents makes it a highly desirable location. These factors combined with the security, the climate, fantastic schools and enviable lifestyle, make Monaco real estate a highly desirable investment. Therefore, it is not surprising that the property in the Principality is in demand. Those who invest in Monaco property for sale can choose from two square kilometers of prime real estate, but they have to be quick because the turnover is so high.

The most desirable real estate is found around the Casino Square, which represents the high-living of the Principality and has been immortalized in novels and movies. The Carré d'Or (Golden Triangle) is an ultra-exclusive neighborhood; its streets are lined with designer stores and jewelers. Given Monaco’s diminutive size and its geographical borders, it’s natural that architects would build upwards and consequently, there are some impressive skyscrapers in this area, such as the luxurious Mirabeau building. The penthouses in this area boast spectacular views over the port and sea and appeal to an international clientele.

Another popular area is Larvotto, which is close to the beaches and the perfect place to enjoy a Mediterranean lifestyle. The Jardin Exotique is located in the upper western side of Monaco, and it is a wonderful area for nature lovers to reside in with its variety of plants and stunning views for miles. Fontvieille is the newer port area of Monaco and has its own marina and commercial shopping center. Wherever residents choose to live there is an abundance of activities, from first-class dining to sailing. The are plenty of gyms, beaches and places to hike and jog. The Monte-Carlo Country Club welcomes residents to its stunning grounds set on a sheer coastline with tennis courts and a private beach club just outside the Principality’s border.

Property prices are usually quoted by the square meter and vary widely according to the location of the property, the building and the size of the apartment or house. Acquiring property in Monaco is quite straightforward for foreigners, but it’s necessary to employ the services of a public notary to ensure that the terms of agreement conform to the law. However, the best properties usually don’t stay on the market for long and that’s where the expertise of a reputable Monaco real estate agency can really help.

When purchasing a property, it’s a common practice to sign an offer or a pre-contract. This can seem daunting since there isn’t a consumer credit or "cooling off" principle, which entitles you to reconsider a hasty purchase and recover your deposit. An estate agent can offer the best advice and guide you through the process step by step, ensuring that the property is suitable for you. This is an essential service in Monaco’s buoyant real estate market.

A well-established agency like La Costa Properties Monaco can be invaluable in helping you navigate the Monegasque property market. La Costa Properties has over 25 years experience and is an expert in finding a prestigious property for those seeking a sophisticated lifestyle. Whether it’s a short-term rental, a holiday home or large investment, they can find a solution to clients’ property needs and assist them by referring to both their portfolio of luxury properties and a large network of contacts in the region.