MONTÉ-CARLO MORTGAGE FOR FOREIGNERS WITHOUT RESIDENCY
A mortgage in the Principality of Monaco for foreigners and non-residents is a financial instrument offered by Monegasque lending institutions to international buyers without residency that allows them to acquire real estate within Monté-Carlo.
In Monaco, a mortgage provides foreign investors with the opportunity to enter Monaco’s exclusive property market without having to provide the entire purchase amount upfront, making it possible to manage high-value transactions through structured repayments over time.
Monaco remains an exceptionally attractive destination for real estate investors because of its political security, tax advantages, global prestige, luxurious lifestyle, and extremely limited land availability, which together create one of the most resilient and high-demand property markets in the world.
Can I obtain a mortgage in Monaco without having an address in the principality ?
Yes — it is possible for a non-resident to obtain a mortgage in Monaco, as local banks do offer financing to foreigners, but the process involves high expectations for financial stability and extensive documentation.
Even though Monaco imposes no restrictions on foreign ownership of real estate , obtaining a mortgage as a non-resident is only feasible through banks that are accustomed to dealing with international borrowers and have flexible lending programs tailored to such clients .
Mortgages provided to non-residents are treated with caution and typically designed for wealthy or high-net-worth individuals (HNWIs); these can include options like fixed-rate, variable-rate, interest-only, or even structured facilities backed by personal banking relationships, often arranged via private banking arms or specialized brokers .
Documentation requirements are notably stringent, including proof of income over a period (usually around two years), compliance checks, and sometimes the establishment of an account or asset relationship within Monaco to secure the financing .
What is the minimum mortgage amount for non resident in Monaco ?
Minimum Mortgage Amount for Non-Residents in Monaco
- According to one finance guide, monetary thresholds typically begin around €500,000 for the minimum mortgage amount in Monaco.
- Another source notes that Monaco’s retail mortgages range from €1,000,000 to €10,000,000, while private banks start offering bespoke mortgages from €2,000,000 upwards, often tailored to high-net-worth individuals.