Prince Albert II has chaired a senior government meeting at the Palais Princier focused on Monaco’s National Housing Plan, reaffirming his commitment to addressing one of the Principality’s most persistent challenges.
The meeting brought together key members of the Prince’s Cabinet and Government to evaluate current housing strategies and outline future developments. It comes amid growing pressure to meet the needs of the Monegasque population, in a country where land is scarce and demand for housing remains high.
Prince Albert has repeatedly underlined the importance of housing as a cornerstone of national policy. While Monaco is internationally known for its luxury real estate, the Principality has also made efforts to improve access to housing for its citizens. The Sovereign’s role in leading this latest meeting signals the weight the issue carries at the highest level of government.
In recent years, Monaco has pursued bold urban planning solutions, including the construction of Mareterra, a six-hectare extension into the sea that was inaugurated last year. While largely composed of high-end residences, the project also showcases the government’s ambition to balance growth with environmental responsibility — a priority that Prince Albert has made central to his reign.
Yet, with virtually no remaining buildable land and rising housing demand from both citizens and residents, authorities face the difficult task of ensuring future developments serve a broader cross-section of the population. The National Housing Plan is expected to address these concerns, with a focus on availability, sustainability and long-term planning.
This latest high-level meeting, revealed by the Palace on Tuesday, suggests that more concrete policies may soon be announced as the government continues to refine its approach.
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Photo credit: Michael Alesi / Palais princier