Monaco is one of the smallest and most valuable property markets in the world. Residents pay no personal income tax (French nationals excepted), and very little new supply comes to market, which is why it is bought for wealth preservation and residence.
Sources: KPMG: Relocation to Monaco · Real Asset Insight: Mareterra launched · Petrini: Monaco developments to 2030. Checked 18 Oct 2026; rules change, and we confirm them before you commit.
Two square kilometres of land and very few new buildings keep Monaco among the most expensive and resilient property markets.
Monaco residents, except French nationals, pay no personal income tax and no tax on capital gains or dividends there.
A home in Monaco, owned or rented, plus proof of financial means and a reference from a Monegasque bank are the core conditions for a residence card.
Mareterra added six hectares on the sea at Larvotto, with buildings by Renzo Piano, Norman Foster, Stefano Boeri and Tadao Ando.
The Indian rules are the same for every country; the local step is specific to Monaco.
Each resident Indian can remit up to USD 250,000 a financial year under the RBI’s Liberalised Remittance Scheme, and buying property abroad is a permitted purpose. Family members can pool their limits for one property only if each is a co-owner of it. HSBC India LRS FAQ
Banks collect 20% TCS on LRS remittances above ₹10 lakh in a financial year (other than education and medical). It is not an extra cost: you claim it back as a credit against your income tax or as a refund. RBL Bank, TCS on LRS (revised 1 Apr 2026)
There is no restriction on foreign buyers. Non-EU nationals, including Indians, first obtain a long-stay (type D) visa from the French consulate, then apply for a Monaco residence card with proof of housing and means. Most purchases are resales because new supply is so small.
Resident Indians are taxed in India on worldwide income, so rent and sale gains abroad go in your Indian return, with credit for tax paid abroad under the tax treaty. The property itself must be shown in Schedule FA (foreign assets) every year. We work with your CA on this.
Tap a pin for the project, or open any card for prices, sizes and the official registration record.
Pins from Google Maps; “approx.” marks a community-level pin. Map © OpenStreetMap contributors.
Apartments, townhouses & villas
International
Larvotto, Monaco Map
by SAM L'Anse du Portier (architects Renzo Piano and Valode & Pistre)
Travel cost refunded on purchase
Tenure: Freehold
From the developers and published launch lists; we confirm each one before you book.
The company that reclaimed and built Mareterra, Monaco’s six-hectare seafront extension. On our site: Mareterra
| Project | Details | Status |
|---|---|---|
| Le Renzo, Mareterra | 50 apartments of 400 sq m or more, by Renzo Piano | Inaugurated 3 Dec 2024 |
| Mareterra villas and townhouses | 10 seafront villas and 4 hillside townhouses by Foster, Boeri and Ando | Inaugurated 3 Dec 2024 |
Source: Real Asset Insight, 4 Dec 2024.
The few private buildings under way, as listed by Monaco agency Petrini.
| Project | Details | Status |
|---|---|---|
| Villa Ninetta | 3 Rue Malbousquet · 27 luxury apartments | Delivery scheduled 2026 |
| Villa Lucia | 35 Pont Sainte-Dévote · one apartment per floor on the first nine levels | Delivery scheduled 2026 |
| Tour CMB Red | 23 Avenue de la Costa · 25 apartments | Around 2026–2027 |
| Villa du Pont (Groupe Marzocco) | Sainte-Dévote · to be rebuilt | Works expected from 2026 |
State-owned housing such as Bel Air and Upper Larvotto is reserved for Monegasque nationals and is not listed.
Source: Petrini, Real estate developments in Monaco to 2030.
Yes, there is no restriction on foreign buyers. Supply is very small, so most homes are resales; we work with Monaco agents to source them.
A home in Monaco is one of the conditions for a residence card, alongside proof of financial means and a Monegasque bank reference. Indians first need a type D visa from the French consulate.
That depends on your residential status under Indian law. If you remain a resident of India, your worldwide income is taxed in India. Speak to your CA before you move.
