Rental Accommodation in Monaco: Demand Is Rising Sharply

The Principality of Monaco, famous for its exceptional living environment and many advantages, is facing a growing shortage of rental housing. This situation is exacerbated by major real estate renovation projects. A notable example is the Schuylkill renovation project, scheduled for summer 2024. This major initiative will force all current tenants out of their homes, creating an urgent need for rehousing for a large number of residents.

Monegasque Housing by 2040

The Monegasque Institute of Statistics and Economic Studies (IMSEE) recently published a crucial study concerning the evolution of state housing in Monaco between now and 2040. This analysis aims to estimate the need for housing according to the growth of the Monegasque population and the current capacity to provide housing in the Monegasque state-owned real estate stock. 

Real estate 2023 : how are real estate sales progressing?

In the first quarter of 2023, Monegasque real estate market trends recorded a significant increase in resale transactions, with 96 transactions, exceeding the previous year's period. Although the number of transactions is similar to the previous year, the total value of resales increased significantly, reaching 563 million euros, setting a new record since the first quarter of 2016.