Monaco Real Estate For Sale
Monaco real estate for sale is filled with a wide range of properties available for buyers from all around the world. The market consists mainly of apartments and penthouses; villas represent less than one percent of all properties available for sale. The demand for properties in Monaco remains very high and is likely to continue into the future. The Principality has been attracting wealthy individuals and families wishing to live in a very safe and sophisticated European location with a mild climate and favourable taxation system.
Lepidus Property assists individuals, families, and institutional investors in finding the right property for sale in Monaco while providing advice and guidance throughout the entire process. We offer our clients a personalized service with a deep insight into the real estate market in Monaco. Our property portfolio includes direct listings from international property owners/investors, leading real estate developers, and associated international and local Monaco estate agents. To ensure the highest quality of our real estate listings, we assess the attractiveness of each property using the following six quality indicators:
- current and future attractiveness of the location (location’s infrastructure, prestige, planned developments in the area, etc)
- general property profile (building’s amenities, prestige, governing laws, technical condition, etc)
- property features and quality (quality of the materials, attractive features, technical condition, presence of the ‘mixte use’ option, etc)
- current property market value (asking prices benchmarked against similar properties in the same building and/or area)
- the potential for property value appreciation (evaluation based on the type of property, historical data, expected demand, etc)
- property rental income potential (current and future rental income potential, governing laws, etc
Monaco Apartments for sale
The choice of apartments for sale in Monaco is impressive, from small studio apartments to luxury duplexes, triplexes, and roof-top penthouses with beautiful sea views. The most prestigious properties in Monaco are located in Monte Carlo’s Carré-d’Or, also known as the Golden Square which was founded in the 19th century by Prince Charles III. Some of the most iconic and luxurious residential buildings located in the Golden Square include Le Metropole, the Park Palace, the Floralies, George V, Le Mirebau or the Petite Afrique, which is one of the newest and most modern additions to the Monte Carlo’s skyline.
As Monaco apartments for sale are available in all districts, finding the right property requires a decision on the specific area as each location has something different to offer, from the five-star living at Tour Odeon – currently the tallest residential building in Monaco – located in the La Rousse district to the luxurious waterfront Terrace du Port in the Fontvieille district. The La Condamine district offers apartments with a straight view on the port and on the Circuit de Monaco, which is popular among the F1 enthusiasts. One of the most prestigious buildings in La Condamine is Porto Bello.
Other popular districts include the Larvotto district, Jardin Exotique and Moneghetti. The sought-after buildings in the Larvotto district include Park Saint Roman, Monte Carlo Sun, Villas del Sole. In addition, on the Avenue Princesse Grace, there are two building where apartments are offered for sale; La Reserve and 21 Princess Grace.
Monaco Villas for Sale
As already noted, Monaco’s real estate for sale market consists of apartments; villas and townhouses are in high demandm but the choices are very limited. In fact, availability of luxury villas for sale is very limited and the demand often exceeds the supply. Many international buyers wishing to relocate to Monaco with their families seek spacious villas that offer more privacy and great capital investment. The villas in Monaco are scattered throughout different districts, including Monte Carlo. The Boulevard de Suisse in Monte Carlo is one of the unique streets, which is known for having a higher number of villas.
Regardless of the property type or the location, there are other important factors specific to Monaco that should be considered when selecting an apartment or a villa. One of the considerations is whether or not the property will be used for business purposes. Certain properties can qualify for the dual purpose usage (‘mixte use’) where the owner can live in the property and use it for business purposes at the same time. Another consideration is whether the property will be rented to non-Monégasques. Lepidus Property will assist you in the selection of the perfect property that meets your lifestyle preferences and other requirements. It also important to note that Monaco real estate for sale is offered through a network of over 120 real estate agencies in Monaco, but most estate agents cooperate with each other so it not necessary to work with many agencies to find the right property.