Property
Monaco — Property: Mortgage Availability
Financing a property purchase in Monaco is highly structured, with local private banks routinely offering mortgages to both resident and non-resident high-net-worth buyers. However, because of the extreme transaction values, banks rarely offer stand-alone, high loan-to-value (LTV) mortgages. Instead, financing is typically conditional on an asset-backed relationship, where the borrower is required to deposit assets (such as cash, bonds, or investment portfolios) with the lending bank as collateral under a pledge agreement (nantissement). This private banking model ensures loans are secure while allowing buyers to maintain liquidity.
VerifiedGovernment / official sourceAssociation Monégasque des Activités Financières (AMAF)Last reviewed: 2026-07-17
Key facts
- Mortgages are widely available to both residents and non-resident foreign buyers.
- Loan-to-Value (LTV) ratios typically max out at 50% to 60% of the property value.
- Lenders routinely require a 'pledge' of liquid assets (cash/securities) of equal or partial value.
- Mortgages must be formally drafted and registered by a Monegasque notary.
- Mortgage registration duty is set at 0.65% plus small auxiliary processing fees.
- Interest rates are indexed to the European Interbank Offered Rate (Euribor).
- Monegasque banks perform exhaustive source-of-wealth and anti-money laundering (AML) audits.