A new report by IMSEE has forecast the future housing needs of Monaco as well as the changing needs of the Principality’s citizens up to the Year 2024.
It has been more than five years since the last report on the future of state housing in Monaco was released publicly by IMSEE, the Principality’s official statistical agency, and nearly eight since the last census on the Monegasque population was formally carried out in 2016.
A lot has changed in those years, including some truly vast building projects that have added hundreds of additional homes to the state-owned property portfolio, and this fresh report has compiled all the relevant data and developments to paint a more up-to-date picture of the future of state housing needs over the coming 17 years.
As before, the report was created at the request of the government, which is seeking to better understand the “evolution of the Monegasque population” as well as plan and manage the allocation of state-owned addresses.
The report has concluded that the number of official Monegasque nationals, who are eligible for state-subsidised housing, will rise by roughly 1,000 people to 10,660 by 2024. This figure was reached using projections on births and naturalisations.
Additionally, housing developments either currently in the works for 2023 to 2027 or planned from 2028 to 2033 will see a total of 1,327 new state-owned units built, with 715 in the first time period and 612 in the latter.
This will allow the government to meet its objective of being able to provide state-owned housing to 75% of the Monegasque population by the end of 2034.
At the end of 2022, just over 6% of state-owned properties were empty or yet to be allocated.
Click here to read the full report, which is currently only available in French.
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Photo by Monaco Life