London recently dropped out of the top 5 cities for millionaires as ultra-wealthy individuals seek new destinations to reside, ones that offer a luxury lifestyle coupled with a tax regime that enables them to protect their wealth.
According to the World’s Wealthiest Cities Report 2025 by Henley & Partners, London is just one of two cities globally with negative millionaire growth over the past decade.
The past few years have witnessed a notable trend of wealthy individuals moving from the UK to Monaco, driven by the UK’s changing tax policies, including the removal of the non-dom tax status, political and economic uncertainty, and rising inflation.
While renting in Monaco is appealing, many wealthy individuals opt to make a Monaco real estate investment, enabling them to freely reside in the Principality.
If you’re wondering how to move to Monaco from the UK, read on. Here we outline how you can make the move, including how to buy property in Monaco.
London to Monaco: Buying property in Monaco
Why move to Monaco?
When considering Monaco vs London, the Principality presents a compelling alternative to London’s fast-paced, high-tax landscape for those looking to reduce their tax exposure while maintaining easy access to European business hubs.
Relocating from London to Monaco is a strategic lifestyle decision for many high-net-worth and ultra-high-net-worth individuals seeking a favourable tax environment, a luxury lifestyle, and year-round Mediterranean sunshine. Monaco’s safety and security are also unmatched, making the city-state especially attractive for ultra-wealthy individuals seeking privacy and discretion.
The Principality of Monaco offers a secure, politically stable, and exceptionally exclusive community with a slower, more relaxed pace of life compared to London. Residents enjoy world-class yachting, fine dining, and cultural events like the Monaco Grand Prix and Monte-Carlo Ballet.
Investing in Monaco real estate
As one of the world’s most exclusive and secure property markets, Monaco offers limited supply and consistently high demand, making it a resilient asset class even during global economic fluctuations.
Investing in Monaco real estate is a popular route to residency in the Principality. Monaco’s property portfolio includes everything from ultra-modern apartments in luxury developments like Tour Odéon to elegant Belle Époque villas and sea-facing residences in districts such as Larvotto, Monte-Carlo, Fontvieille and the new eco-district Marterra.
Prices per square metre are among the highest globally, yet demand remains strong due to the Principality’s finite land area and prestigious reputation among the world’s ultra-wealthy.
According to the latest Real Estate Observatory Report, the average price per square metre in 2024 approached 52,000 euros, setting a new record. According to the report, 2024 also saw an increase in the number of properties selling in excess of 10 million euros, with one in two properties selling for more than 22 million euros.
How can I buy a property in Monaco?
Anyone can buy property in Monaco, including UK citizens. Buying property in the city-state is a streamlined process; however, it does require careful planning due to the Principality’s competitive real estate market and high demand.
The first step is to engage a reputable local real estate agent like us who can guide you through available listings, many of which are not publicly advertised.
Once a property is selected, a preliminary sales agreement is signed, typically with a 10% deposit held in escrow. The sale is then formalised through a Monegasque notary overseeing due diligence, title checks, and final contracts. Transaction fees, including notary and registration costs, usually total around 6% of the purchase price.
We can help guide you through the property acquisition process and provide invaluable advice on moving from London to Monaco.
Key considerations before moving from the UK to Monaco
Before moving to Monaco, it’s essential to consider residency requirements, financial planning, and lifestyle logistics. Monaco does not impose income tax on individuals, but you must obtain official residency, which includes proving accommodation, such as renting a long-term property in Monaco or making a real estate investment, and demonstrating sufficient financial means.
As mentioned above, property acquisition in Monaco is highly competitive due to limited inventory and high demand, so it’s vital to work with an experienced real estate advisor like us.
You will also want to organise private healthcare and schooling if you are relocating with children, in addition to reviewing your wealth structuring to optimise your financial position post-move. A seamless transition often depends on engaging relocation experts and cross-border tax advisors early in the process.
How can La Costa Properties Monaco help you move from London to Monaco and make a real estate investment?
For more than 40 years, we have been connecting discerning individuals with their ideal property in Monaco. As a leading Monaco real estate agency, member of the Chambre Immobilière de Monaco, we boast an exquisite portfolio of Monaco properties for sale and rent and have access to coveted off-market listings. We pride ourselves on delivering expert advice and market intelligence, ensuring you make an informed decision. If you are considering moving from London to Monaco and need support in making a Monaco real estate investment, contact us today. We look forward to assisting you.
