Monaco’s National Council has approved two strategic land decommissioning projects in a bid to bolster housing availability for Monegasque nationals — a core priority that continues to shape domestic policy.
The decisions, taken on Thursday, April 3, reflect what council members described as a “rigorous” and “pragmatic” approach to unlocking new development opportunities while ensuring substantial returns for the State, both financially and in the form of public housing assets.
The first plot, a relatively small 144-square-metre area tucked between the state-owned “Les Jacarandas” residence and numbers 39 and 43 rue Grimaldi, is currently unused. It will now be transferred for the development of an 18-storey building, primarily for residential purposes. In return, the State is set to receive a package of benefits: three apartments — including two T3 units and one T2 — four parking spaces, and four cellars, all earmarked for Monegasque families.
The second decommissioning targets a 305-square-metre site located below Boulevard du Larvotto. Plans are already in motion for an 11-storey private building on the plot. As part of the agreement, the State will receive both land and financial compensation, enabling a separate and far more ambitious housing operation further afield. That larger initiative, planned for Chemin des Révoires, is expected to deliver between 76 and 90 new homes for Monegasque citizens.
Maryse Battaglia, President of the Housing Commission, described the projects as a tangible outcome of government commitments made in recent budgets. “These developments are a direct result of the National Council’s persistent push to address the legitimate housing needs of Monegasques,” she said.
Council President Thomas Brezzo echoed the sentiment, stressing the Assembly’s resolve. “These two projects demonstrate that when it comes to housing, the National Council leads with determination and clear purpose. Housing is in our DNA — and we are delivering concrete results. But we now await the Government’s updated National Housing Plan, which must be presented before the end of spring 2025, to prevent future shortages.”
The moves are seen as key steps in a long-term housing strategy, aimed not only at easing demand but also at reinforcing the constitutional priority given to Monegasque nationals in Monaco’s tightly controlled property market.
Image: Maryse Battaglia, President of the Housing Commission
