National Council backs state housing plan for 2040

Elected members of the National Council gave a warm reception on Tuesday evening to the Minister of State's declaration on domanial housing policy, with several describing the government's direction as showing "undeniable progress". The session set out the state's ambition to house three-quarters of Monegasque nationals in state-owned housing within the Domaines by 2040, a target that marks a significant step up from current provision.

For Monegasque families waiting on housing lists, the announcement signals continued investment in domanial stock at a time when private market prices in the Principality remain out of reach for most nationals without state support. The policy also has implications for how future development sites, from Testimonio II to other pending projects, are allocated between state housing and private sale or rental.

Councillors used the session to question the pace of delivery and the mix of unit types planned, though the overall tone from the chamber was supportive of the government's long-term framework. Further detail on specific building programmes and timelines is expected as the policy moves from declaration to implementation over the coming months.