Jean Castellini holds press briefing on housing

Jean Castellini, Government Counselor-Minister of Finance and Economy, made a point on the policy of support for housing implemented by the Government. In particular, he referred to two ministerial decrees relating to the taking into account of the points of anticipation in the conditions of attribution of public housing and the assumption by the State, in the form of a zero interest loan, the costs of guarantee and commission of agency in the free sector, which will appear Friday, November 2nd.

He stressed that “The Government is involved in a global vision of housing policy in consultation with the National Council.This global vision is reflected in the implementation of medium and long-term structuring measures and accompanying measures”.

Housing press point - © Directorate of Communication / Michael Alesi
Housing press point – © Directorate of Communication / Michael Alesi

On 1 st January 2019, the benchmark rent of ANL and ceilings rents ADL will be upgraded for the first 15 to 29% depending on the type of apartments ranging from studios to 4 rooms for 5 seconds % uniformly.

In addition, the Prince’s Government is pursuing its investment policy that good fiscal health makes possible. Over the past 3 years, € 315 million has been invested for the acquisition of 13 buildings and more than 65 apartments. In the 2019 Primitive Budget, 100 million euros are registered to allow the start of intermediate public operations and the acquisition of new buildings or apartments, the objective being to accommodate more Monegasques in the state sector.

On the occasion of this press point, the Councilor also announced the finalization of the negotiations for the acquisition of the Villa Les Platanes, which will allow the launch of phase 1 of the Ida project.

“These are all new measures to take into account the reality of the real estate market but also the special housing situation in Monaco” said Jean Castellini in conclusion.

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