There are a variety of steps to take in a thorough valuation of a Monaco property. You will find more details of each step below.

Before asking an estate agency to do a valuation of your Monaco property, it would be worthwhile finding one that has the resources to accurately estimate your properties worth. Also be careful of estimates that seem too good to be true as this can be a tactic used to secure exclusivity of your property.

Next we will make an appointment to carry out a physical inspection. This is the best way to build a profile of your apartment or villa for your Monaco property valuation. During this inspection we will assess the following:

Condition

• Refurbished
• Good
• In need of modernisation 
• Requiring renovation 

Size

• Measured in sq m 
• Includes walls and terrace/ balcony space

Features

• Balconies
• Ceiling height
• Period features
• Building services
• Caves
• Parking
• Exposition
• Views

Location

• The district in Monaco 
• Locality in relation to amenities
• Noise levels
• Developments planned in the area

Also at this stage please present us with any official documentation relating to the property that will help the valutation process i.e. plans, building permits, title deeds etc. 

Following the physical inspection stage of your Monaco property valuation we will then assess the property’s profile against current market statistics published by the Monaco statistics department IMSEE. This research will inform us of the latest sales and rentals volumes and will indicate the average prices in the various districts in Monaco and what type of properties are selling and renting well.

We will then look at recent sales in the area and building and also check the prices of other properties listed in the building and close by with similar features. The valuation of your Monaco property then begins to take shape.

There are various laws in Monaco which affect your property's value, the main laws that would affect your property's value are loi (law) 887 and loi (law) 1291/1235. Other factors to consider are the current plans for development in your area as noise and the obstruction of the view could be potential factors in the pricing of your property.

After compiling all the information from the physical inspection, local market data, similar sales/ rental and additional factors from the initial stages of your Monaco apartment valuation, we will then provide you with an estimated property's value. It is then your choice whether to list the property at the estimated price or alternatively, you can list it at your own perceived value of the property.

Following the agreement of a listing price and the creation of a sales/ rentals mandate we will then provide you with a tailor-made marketing plan of your property. This will include a digital plan made by our in-house digital specialist and an offline marketing plan created by our director of marketing. Often our clients like to be a part of this process and we will hold meetings in our offices to formulate a winning strategy.