Investing in the Principality of Monaco.
The Principality of Monaco is a tiny state located on the Riviera between Nice and Menton near the Italian border.
The limited availability of physical space compared to the high demand for real estate, has made this area very expensive in terms of real estate.
Investing in real estate market of the Principality of Monaco has for decades considered to be an attractive use of capital, both as an investment and as a general use of real property for use by residence or second home.
Investing in real estate in the Principality of Monaco
To understand the opportunities present in the Principality of Monaco, we have with us Mr. Domizio Cipriani, asset / property management consultant who works in the Principality of Monaco and supports investors in real estate transactions and providing advice on various types of business related to foreign investment.
Investing in real estate in the Principality of Monaco, which types of real estate for investment can be found?
Any, from the attic to the studio, from the shop to the showroom, hotel, buildings to be rebuilt up to the offices and laboratories.
What kind of price according to the type of product you can find?
Prices vary greatly from area to area and from palace to palace, prices start from € 15000 per square meter for old buildings in poor conditions without exceptional views to 150,000 € per square meter for exclusive apartments, however, average prices are around € 30,000 to mq.
Buying a property in Monaco to put him to rent. What is recommended?
It is interesting from the standpoint of security of payment. If the tenant fails to pay in a month, he is sent away.
It is also interesting because the rent received is not taxed, nor the property.
The rent received is low (about 2% of property value)
Which and how many are the property taxes in Monaco?
None, only the registration fee at the time of the purchase and has been lowered to about 5%, you can also do the merchant des biens, buy properties to sell with a registration fee of 2% facilitated at the time of purchase and the balance to be paid when it is sold, including the application of VAT on net capital gain made.
What are the costs and problems that must be sustained in the acquisition of a property.
Nothing special, it can also constitute a civil real estate society with 250 €, on wich put the properties.
What are the types of properties that have been reassessed in recent years and more which are more readily marketable?
Surely, apartments with view in luxury condos in Carrè Area D’or and beach.
Other considerations on investment in the Principality of Monaco
It is very safe investments, and especially protected.
It is a very safe investments and especially, protected.
Other types of investment potential in the Principality of Monaco.
In Monaco, it is also possible to invest in commercial activities.
We thank thank Mr. Domizio Cipriani for the support provided and we give you appointment for the next episode, dedicated to the opportunity to transfer the residence in Monaco.
Some data of our consultant:
Domizio Cipriani, asset / property management consultant and works in Monaco.
Contact: 0037787065312, mobile 00377607934456.
