Overview of the Initiative
The article, published by Monaco Hebdo and authored by journalist Raphaël Brun, outlines the second phase of Monaco’s national housing plan, aiming to provide domain‑state housing for roughly three‑quarters of Monegasque residents by the end of 2029. The piece details government commitments, funding levels, and the strategic objectives driving the programme, positioning it within the principality’s broader housing policy framework.
Scale and Financial Commitment
Since the plan’s launch in March 2019, €1.5 billion has been invested, resulting in 633 domain‑state apartments built by the end of 2024. The second phase targets an additional 385 units, bringing total new dwellings to approximately 1,018 by 2029. Funding is earmarked at €1.5 billion for the period up to the end of 2024, with continued investment planned to sustain the construction rhythm of around 100 new homes per year.
Key Projects and Capacities
Five construction sites constitute the core of the upcoming delivery:
- Résidence Héméra – Bloc A: 50 homes
- Bel Air: 197 homes
- Larvotto Supérieur: 35 homes
- La Luciole: 27 homes
- Hector Otto: 76–90 homes These projects collectively add the 385 apartments required to meet the 2029 target. Additional domain‑state operations, such as “Les Lucioles” on rue Louis Aureglia and avenue Hector Otto, have already been announced, contributing over 100 new units.
Timeline and Delivery Schedule
The second phase commences in 2025, with regular deliveries scheduled through 2029. The government plans to adjust the programme every five years, using data from the Institut monégasque de la statistique et des études économiques (IMSEE) to align construction with demographic trends. A new allocation methodology is slated for implementation before the end of 2026, intended to increase the frequency of assignments and better reflect applicant preferences.
Allocation Reform and Future Planning
Beyond construction, the plan includes a revamp of the housing allocation process. The revised methodology, presented to national advisers, aims to make the system more fluid and responsive to the needs of Monegasque households. Post‑2029, the government will continue to monitor demographic shifts and explore further domain‑state opportunities across the principality, with studies extending to 2030 and beyond.
Relevance to Sustainable Housing
While the article does not explicitly label the programme as “sustainable,” the emphasis on efficient land use, controlled growth, and long‑term planning aligns with pan‑European sustainable housing objectives. The phased approach, data‑driven adjustments, and commitment to meeting a substantial proportion of the local housing demand illustrate a model of strategic, resource‑conscious urban development.
