Home » Monaco » Monaco – Property Financing

Monaco – Property Financing

Mortgages for Foreign Nationals in Monaco

Monaco, known for its luxury real estate and glamorous lifestyle, is a sought-after destination for property investment. Whether you are a local or a foreign national, obtaining a mortgage can be a crucial part of financing your property purchase in this exclusive principality. However, if you are a foreign national, you may wonder if local banks or other lenders are willing to issue mortgages to non-residents in Monaco.

Monaco is known for its welcoming approach to foreign investors, and many local lenders are open to providing mortgages to foreign nationals interested in buying property in the country. While the process may have specific requirements, it is generally accessible to those looking to invest in Monaco’s prestigious real estate market.

Local Lenders Offering Mortgages in Monaco

When considering a mortgage for your property purchase in Monaco, there are several local lenders you can explore:

  • Barclays Monaco: Barclays is a well-known international bank with a presence in Monaco. They offer mortgage services to both residents and non-residents. Barclays Monaco provides personalized solutions to foreign nationals looking to invest in Monaco’s real estate market.
  • Société Générale Monaco: Société Générale is another established bank in Monaco that provides mortgage options to foreign nationals. They have a dedicated team to assist non-resident buyers with their mortgage applications and financial planning.
  • Crédit Agricole Indosuez: Crédit Agricole Indosuez is a reputable bank in Monaco that offers a range of financial services, including mortgages for foreign nationals. They can provide tailored solutions to meet your specific needs.

These local lenders have experience working with foreign nationals and can guide you through the mortgage application process, helping you choose the right mortgage product for your investment in Monaco.

Minimum Deposit Requirements for Property Purchase

When buying property in Monaco, regardless of your nationality, you must consider the minimum deposit requirement. The deposit, also known as the down payment, is a substantial upfront payment that you must make to secure your property purchase. The specific amount required can vary based on several factors, including the lender’s policies, the property’s value, and your financial situation.

Generally, local banks and lenders in Monaco may require a minimum deposit of around 20% to 40% of the property’s purchase price. However, it’s important to note that deposit requirements can vary, so it’s advisable to check with your chosen lender for the most up-to-date information. The deposit serves as a commitment to the property purchase and provides security for the lender.


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


Additionally, it’s worth exploring any special financing packages or opportunities offered by developers and real estate agents in Monaco. These packages may include lower deposit requirements for specific properties or developments, making it more accessible for both local and foreign buyers.

Responsibility for Outstanding Debts on the Property

As a property owner in Monaco, whether you are a local or a foreign national, you take on certain responsibilities, including the potential obligation to address outstanding debts associated with the property. Understanding these responsibilities is essential to a smooth property transaction.

In Monaco, property-related debts, such as property taxes, utility bills, or unpaid loans secured against the property, are typically attached to the property itself rather than the previous owner. When you purchase a property, you may inherit these existing financial obligations.

Before the sale is finalized, a legal process takes place to ensure that any outstanding debts related to the property are settled by the seller. The notary or legal representatives involved in the transaction will conduct thorough checks to identify and clear any existing financial liabilities. This process ensures that you take ownership of the property without the burden of unresolved debts.

It’s crucial to engage with experienced legal professionals and seek advice from your lender to ensure that all necessary steps are taken to protect your interests during the property purchase in Monaco. A well-informed and diligent approach can help you avoid any unexpected financial obligations and ensure a smooth transition to property ownership.

By being well-prepared, working with reputable local lenders, and understanding the deposit requirements and responsibilities, foreign nationals can successfully navigate the process of buying property in Monaco and make sound investments in this prestigious real estate market.


Latest Videos

Expat Focus Financial Update February 2024 #expat #expatlife

Expat Focus 28 February 2024 2:53 pm

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feeds settings page to add an API key after following these instructions.