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Testimonio II Monaco: Sustainable Luxury Residences by the Sea
Testimonio II, a groundbreaking development in Monaco's Larvotto district, offers an exclusive opportunity for sustainable luxury living by the sea. Scheduled for completion in summer 2024, this visionary project introduces two residential towers of impressive stature, standing as the tallest along the Côte d'Azur. With 378 apartments Testimonio II presents a unique blend of grandeur and environmental consciousness. The Bay House section elevates luxury, offering 56 apartments and 5 private villas, each boasting its own garden and rooftop pool. Residents will enjoy spacious interiors starting from 300 sqm, panoramic balconies with breathtaking views of the Mediterranean, and prices beginning at €55,000 per sqm. The development also includes a new campus for the International School of Monaco, adding to the vibrancy of this community. Crafted by renowned architects Arquitectonica and Alexandre Giraldi, Testimonio II is set to redefine luxury living in Monaco, marrying elegance with sustainability.
Step-by-step guide to the homebuying process :
- Select properties and ask to organise viewing
- Visit selected properties and choose a home to buy
- Have the house inspected and ask for energy performance rating
- Make an offer. Present it to the seller and reach agreement on the price.
- Sign a promise deed – Compromis de vente
- Make a down payment of 5-10% of the sale price
- Consider your financial options, ask for mortgage
- Wait for the notary to check the transaction cleanliness
- Pay a 100 % of the amount
- Sign a sale deed and get the keys to your new home
- Get legal documents, registered in the French Land Registry, from the notary
- Register utilities and insurance policies of your new home in your name
The DPE is a real estate diagnosis that is mandatory for all properties for sale. The seller must be able to provide it before signing a purchase agreement - Compromis de vente. The DPE makes it possible to know the energy consumption and CO2 emissions of the property and includes the following data:
- Floor area (Loi Carrez) — for apartments.
- Technical diagnoses (lead, asbestos, termites, etc.).
- Electrical and gas installations.
- Heat loss, insulation performance, renewable energy production systems, if any.
- Risk of seismic movement or other natural disaster.
- Septic tank installation – for houses.
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