Monaco Unveils New Housing Initiative

The housing crisis is a global issue, and Monaco is no exception. In response, the Principality has launched a new initiative to encourage residents to downsize, freeing up larger state-owned apartments for growing families.

Under this system, households currently occupying four- or five-room apartments—where children have moved out—can relocate to a modern three-room unit while retaining the same subsidized rent, charges, and deposit conditions. To further ease the transition, the government is offering a fixed €10,000 allowance to cover moving costs.

This initiative is part of a broader effort to address Monaco’s housing challenges. In October 2024, the Prince's Government introduced updates to National Housing Assistance and state-owned housing regulations to better align with residents' needs.

Key changes include adjustments to assistance calculations to ensure continued support for specific groups. For example, full assistance will remain available to surviving spouses over 65 if an extra room was previously granted for health reasons. Additionally, maintenance obligations can now be deducted from household income assessments, and student earnings will be excluded from family income calculations up to a defined limit.

To streamline the process, all available housing offers are now centralized on the Mon Espace Domaines platform, giving residents better visibility of exchange opportunities. The National Council has also assigned a dedicated agent to provide personalized support throughout the relocation process.

“These long-awaited measures will improve the management of state-owned housing and better fulfill the legitimate aspirations of Monegasques,” said Maryse Battaglia, President of the Housing Commission. She emphasized that these reforms reflect the government’s commitment to adapting to demographic shifts and optimizing the Principality’s real estate resources.

Ultimately, these measures aim to enhance housing support and affordability, ensuring the system remains responsive to residents’ evolving needs.