Monaco’s government has unveiled the next chapter in its ambitious Plan national pour le logement des Monégasques, setting out a fresh programme of high-quality housing developments to meet the evolving needs of the Principality’s citizens.

Building on the momentum of the first phase — launched by His Serene Highness Prince Albert II in 2019 — this second phase was presented to members of the National Council, as promised during last December’s budget debates. The government aims to ensure a steady supply of new apartments through to 2029, keeping pace with changing demographics and the demand for state-owned housing.

Over €1.5 billion has already been invested since the Plan’s inception, delivering 633 brand-new domanial apartments by the end of 2024 — an average of 105 homes per year — helping to meet the majority of housing needs among Monégasque nationals. It represents an unprecedented scale of investment in housing policy in the Principality.

Looking ahead, the second phase will see a series of major projects brought to fruition:

  • Résidence Héméra – Bloc A: 50 apartments
  • Bel Air: 197 apartments
  • Larvotto Supérieur: 35 apartments
  • La Luciole: 27 apartments
  • Hector Otto: 76 to 90 apartments

The plan remains firmly on track to meet its ambitious target — housing nearly three-quarters of Monégasque nationals in the state-owned sector by the end of 2029. Beyond that, future delivery schedules will be carefully aligned with data from Monaco’s Institute of Statistics and Economic Studies (IMSEE), ensuring that housing projects remain tailored to the needs of local families.

Acknowledging that population trends and demand will continue to evolve, the government will update the Plan every five years based on the latest scientific analysis. It will also continue to actively explore new opportunities for housing developments across all districts of Monaco.

Alongside the focus on building more homes, the government is also enhancing how these coveted apartments are allocated. A new methodology — described as an improved “housing experience” — will be introduced before the end of 2026. The goal is to increase the frequency of apartment allocations and take better account of applicants’ individual preferences.

As the government pushes forward with its housing strategy, the message is clear: delivering quality homes for Monaco’s nationals remains a top priority — not just in bricks and mortar, but in fairness and transparency too.

Image courtesy of: Communications Department – Manuel Vitali