A guide the Chambre Immobilière de Monaco
The Chambre Immobilière de Monaco is a governing body that represents the leading Monaco real estate agencies and ensures members adhere to the highest levels of professionalism.
Working with a real estate agency that is a member of the Chambre Immobiliere de Monaco, like Ageprim, provides peace of mind that every aspect of your property acquisition, be it sales or rental, will be undertaken to the very highest standards.
If you’re looking for property for sale in Monaco or property for rent in Monaco then make sure you work with a member of the CIM. Here, we explore more about the Chambre Immobiliere Monegasque and its importance in Monaco’s real estate market.
The history of the Chambre Immobilière de Monaco
The Chambre Immobiliere Monegasque was founded in 1945 and officially represents Monaco’s leading real estate professionals to the Public Authorities and the Federation of Monegasque Enterprises.
Today, the CIM represents 90 real estate agencies that are involved in Monaco’s vibrant and fast-moving real estate market. Membership of the Chambre Immobiliere Monegasque is a mark of quality, bringing together the best real estate agencies in Monaco.
As the world’s most exclusive and expensive real estate market – with the average price per square metre now exceeding 50,000 Euros, the CIM’s role is vital to ensure best practices and exceptional service levels.
Membership and governance of the Monaco real estate board
Members of the Monaco real estate board must adhere to rigorous admission criteria, including upholding the highest values of professionalism, providing expert real estate advice, and staying up to date on the latest real estate market trends. Those who do not uphold the high standards set out by the Chambre Immobiliere Monegasque risk losing their membership.
Finally, all members must be insured for professional civil liability and covered by a bank guarantee. For property investors, the bank guarantee, provided by the leading bank in Monaco, CFM Indosuez Wealth Management, provides assurance of their chosen estate agency’s professionalism and trustworthiness.
Benefits of working with a member of the Chambre Immobiliere Monegasque
Beyond the benefit of peace of mind that you are working with a leading real estate agency, members of the CIM also enjoy various other benefits.
For sellers and landlords, it provides maximum visibility of their property listings, as members can publish listings on the Chambre Immobilière de Monaco’s official website, providing optimal visibility and helping to increase the chance of a swift sale or rental.
Transparent fee scales
Furthermore, members of the CIM must adhere to a set fee scale that is used across property sales, rentals, and property management services. The fees are regulated by the Monaco real estate board to ensure complete transparency of services.
The fees for 2024 are:
| OPERATIONS | SELLER LESSOR or BORROWER | PURCHASER OR LESSEE |
| Sale of immovable carried out or terminatedby the fact of the seller or the purchaser | 5% | 3% |
| Sale of business and industry | 6% | 3% |
| Assignment of all or part of the lease right | 6% | 3% |
| Sale of funds exercise of law preemption | 6% | – |
| Exchange of immovable or funds | 5% | 5% |
| Business Management and industry (s/ the duration of the management – maximum 3 years) | 5% | 5% |
| Mortgage, Investment | 7% | – |
| Empty or furnished rental- empty, over one year- furnished, on the rental period- commercial and industrial over one year | 10% | 10% |
2024 Monaco real estate board members
The current Monaco real estate board members are:
Alain VIVALDA – President
Carol MILLO – Secretary-General
Anne-Marie MONACO – Treasurer
Sandra MARSAN – Counsellor
Marc FAGGIONATO – Counsellor
Nicolas MATILE – Counsellor
Stéphane BRIANTI – Counsellor and Ageprim Managing Partner
Florian VALERI – Counsellor
Deborah Dwek – Counsellor
Maximilian Barco – Counsellor
Working with Ageprim, a member of the Chambre Immobilière de Monaco
Ageprim is a luxury Monaco real estate agency trusted for its transparency and expertise. As a family business, we have been a key player in Monaco’s real estate market for more than 40 years, with a reputation for bringing together an international clientele with our unique local network. We specialise in luxury apartments, villas, and commercial property for rent and sale. Not only are we a member of the Monaco real estate board, but Ageprim’s Managing Partner, Stephane Brianti, is also part of CIM’s administration board. You can learn more about the Chambre Immobilière de Monaco by visiting the e CIM website or by contacting Ageprim.
