Housing Needs in Monaco by 2040: New Study by the IMSEE
Monaco’s future housing needs by 2040 have been projected and presented to the Prince’s Government and the National Council in a new study by the Monegasque Institute of Statistics and Economic Studies (IMSEE).
The study provides figures concerning state housing and estimates future housing needs based on the growth of the Monegasque population. The projection takes into account the latest change in the law on the acquisition of nationality by marriage (extended from 10 to 20 years for marriages celebrated after July 2022).
The population by 2040 is estimated at 10,660 Monegasques, or nearly 1,000 additional people in 18 years.
Reaching and surpassing housing objectives
State housing, including deliveries planned from 2023 to 2027 (715 housing units) and the operations envisioned by the PNLM from 2028 to 2033 (612 additional apartments) will make it possible to house 78% of Monegasques by 2040. This estimation is more than the objective of 75% established by the plan (exceeding it by 183 housing units).
Breaking down the numbers
As of 31 December 2022, the Principality had 9,686 Monegasques: 5,263 women and 4,423 men. Since 2016, the amount of Monegasques living in state housing has increased slightly, from 59.0% to 61.9%. Among them, the share of occupants in Capitalization Housing Contracts (CHC) increased more markedly (from 15% to 23%). State-owned housing located on Monegasque territory amounts to 3,826 units as of 31 December 2022 and is composed mainly of 2 rooms (35.0%), 3 rooms (36.0%) and 4 rooms (21.5%).
There were 1.94 Monegasques per household in the 2008 Census and 1.93 in the 2016 Census. The projection for 2040 is that household size will remain stable at 1.93.
National housing for non-Monegasques
Housing for non-Monegasques are mainly occupied by French people and mainly concern housing under law 1.235, rehousing following demolitions and staff housing. State housing occupied by non-Monegasques represents 486 units as of 31 December 2022. This number was 450 in March 2017 and is estimated to remain stable by 2040 (486).
