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  Extra Costs & Fees

The Buying Process in France
The French Estate Agent
Funding Your Purchase
Extra costs and fees
The Agreement to Purchase
The Notary & the Final Signing
The 7 day cooling off period-Loi SRU
Penalty Clause-withdrawing from the sale
French Inheritance Planning
French Taxes and Costs
The Buying Process in Monaco
Becoming a Monaco Resident
Short summary of the buying and renting process in Monaco
The Monaco Estate Agent
Funding Your Monaco Property Purchase
Extra Costs & Fees
The Agreement to Purchase
The Notary & The Final Signing - Acte de Vente
Monaco Inheritance Planning
Monaco Taxes

 Once you have found your perfect property in Monaco then you should be aware of two other costs:

1.The  most  significant purchasing costs you need to add on top of the price you are buying at  are the ‘Notary’s Fees’ which despite the expression, do not in fact all go to the notaire but also cover various government taxes, stamp duty, disbursements etc. For a re-sale purchase these legal fees are around 9% of the purchase price, although it varies slightly due to factors such as whether you are taking out a mortgage on the property and also they can be reduced depending on whether it is a company buying and a company selling the property.  In the cases of properties built off plan in Monaco there is also a reduction in Notaires fees.  
2.The agency commission,  fixed by the principality, which is at 3% + VAT, must be added on top of the purcahse price


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All the information given is non contractual

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