Real estate developers and building-and-sales companies established in Monaco. They design, finance and carry out new or converted buildings, intended for sale or rental.
Property developers in Monaco: what you need to know
The developer's trade
The developer leads a real estate project from start to finish: searching for the land or building, studies, financing, choosing architects and contractors, then marketing the homes or premises. The companies in the category fall mainly under code 6812Y Real estate development. Some also buy buildings in order to convert and resell them, or to keep and let them.
Buying in a new programme
New programmes are often sold before construction is finished. It is useful to ask for the works schedule, the planned specifications and the payment terms. Each developer's profile describes its activity; the sale goes directly through the developer or through an agency.
Neighbouring categories
The construction itself is carried out by companies in Building & civil engineering, and marketing by real estate agencies. The technical studies for a project fall under the design offices of the Industry & Engineering family.
Frequently asked questions
What is the role of a real estate developer?
The developer designs and finances a real estate project, entrusts its execution to architects and contractors, then sells or lets the finished properties. The developer carries the project from the search for land to delivery.
Can you buy a home before it is built?
Yes, new programmes are often sold off plan. The contract then sets out the schedule, the specifications and the staging of payments according to the progress of the works. It is useful to take advice before signing.
What is the difference between a developer and a property dealer?
The developer has a building constructed or extensively converted in order to sell it. The property dealer buys existing properties to resell them, with or without works. Some companies in the category carry out both activities.
