Acquiring an apartment in Monaco requires careful preparation and a good understanding of the local real estate market. Here is a detailed guide to help you navigate the process of buying an apartment in Monaco.

1. Understanding Monaco's real estate market
   Monaco has one of the most exclusive real estate markets in the world. Property prices are high, mainly due to international demand and limited space. Here are some key points to consider:

• High prices: Prices per square meter in Monaco are among the highest in the world.
• Limited supply: The principality is small, and space for new developments is restricted.
• High demand: Demand for properties in Monaco is strong, particularly due to its tax advantages and exceptional quality of life.

2. Define your budget
   Before starting your search, it’s essential to define your budget. This includes not only the purchase price of the apartment but also additional fees such as:

• Notary fees: Around 6% of the purchase price.
• Real estate agency fees: Usually 3% of the purchase price.
• Bank fees: If you are financing the purchase with a loan, take into account administrative fees and interest rates.

3. Choosing the right neighborhood
   Monaco is made up of several districts, each with its own characteristics and attractions:

• Monte-Carlo: The most famous district, home to the Monte-Carlo Casino and many luxury shops.
• La Condamine: A lively area near Port Hercule, ideal for those who enjoy nearby amenities.
• Fontvieille: A newer, peaceful area with parks and sea views.
• Le Larvotto: Known for its beaches and luxury residential complexes.

4. Finding a property
   To find an apartment in Monaco, it’s recommended to use a real estate agency specialized in the Monegasque market. Agencies can offer:

• Access to exclusive listings: Many properties in Monaco are not advertised on mainstream listing sites (https://www.montecarlo-realestate.com/, https://www.vente-appartement-monaco.com/, https://www.immobiliare.it/).
• Expert advice: Agents are well-versed in the market and can help you find a property that matches your needs and budget.
• Assistance with administrative processes: Agencies can guide you through the entire process, from viewings to signing the sale agreement.

5. Visiting properties
   Arrange visits for the apartments you're interested in. During these visits, check:

• The general condition of the property: Inspect the finishes, electrical installations, plumbing, etc.
• The view and orientation: In Monaco, a sea or port view can significantly increase the property’s value.
• Building amenities: Pool, gym, security, parking, etc.

6. Making an offer
   Once you've found your dream apartment, make an offer. The real estate agent will help you negotiate the price with the seller. Once the offer is accepted, you will need to sign a preliminary sales agreement and pay a deposit (usually 10% of the purchase price).

7. Finalizing the purchase
   After signing the preliminary sales agreement, you will:

• Sign the deed of sale: The final signature takes place at the notary’s office, who formalizes the transaction.

8. Taking possession
   Once the deed of sale is signed and the funds are transferred, you can take possession of your new apartment in Monaco.