Cost of living in Monaco, Europe
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Can a US citizen buy a house in Monaco?

Country Europe Updated November 2026

Yes. Monaco places no nationality restriction on property ownership, so US citizens can buy residential property freely. The catch is price: Monaco is among the worldโ€™s most expensive property markets, with average resale prices running roughly โ‚ฌ50,000 to โ‚ฌ60,000 per square metre for standard mid-tier flats and โ‚ฌ80,000 to โ‚ฌ120,000+ per square metre for premium addresses (Carre dโ€™Or, Monte Carlo, La Rousse). A modest 60 sq m one-bedroom typically sells for โ‚ฌ3 million to โ‚ฌ5 million; larger family flats in premium buildings start at โ‚ฌ10 million and routinely exceed โ‚ฌ30 million. Transaction costs add roughly 7 to 9 percent (notary fees, registration duties). Property purchase does not automatically grant residency, but does satisfy the accommodation requirement for a residence application. For the full cost picture, see our Monaco cost of living page.

About the author

Jo Berks

Jo Berks

Global Cost of Living Research & Data Analyst

Jo is an independent researcher with over a decade of experience delivering data, analysis, and structured reports across multiple industries. Her work focuses on sourcing and validating datasets to produce clear, usable insights. At CostLiving, she analyses global pricing data and identifies regional cost trends to support research-led content and comparative resources.

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