Monaco is to Reclaim Land and Build More Housing

monaco land reclamation

Monaco Extends into the Sea

In recent years, the demand for Monaco property for sale has far exceeded the number of homes on offer – in part due to an influx of residents. As you’ll know if you’re familiar with the real estate market in the Principality, the most desirable properties are only available for a short amount of time, as buyers swoop in to secure the purchase of their new home. The ever increasing demand for properties in Monaco has meant that many potential buyers have been left waiting for their perfect Monégasque abode.

This problem is set to lessen, however: construction has begun on an exciting new scheme in which land from the generous stretch of sea around Monaco will be used to add 15 acres to Monaco’s existing plot of 500 acres. In professional terms, the name for this innovative scheme for creating reclaimed land and new properties is the ‘offshore urban extension project.’ At a cost of approximately EUR 1 billion, the project will create around 120 luxurious new homes so that more buyers can enjoy this unique and delightful place to live.

The environmental repercussions of the adventurous plan have been carefully accounted for, with measures in place to reduce any adverse impact. Sea creatures which dwell in the area have been relocated to a reserve, and an ingenious project involving 3D printed, artificial coral reefs will ensure that the wildlife is kept contained within the safe areas.The demand for property in Monaco is truly unlike anywhere else in the world, and it’s unlikely that this land reclamation project will drastically change the property market or indeed, deflate prices. However, we’re looking forward to following its developments and cannot wait to set eyes on some of the new properties once they come under construction – this is Monaco after all, where there are no half measures, so they’re sure to be utterly sublime.

Monaco Property of the Month: Exceptional Furnished Apartment Facing the Port

As one of the leading property agencies here in Monaco, we have the great privilege of seeing the absolute crème de la crème of the real estate world, as soon as each property comes on the market. It’s sometimes difficult to choose our property of the month, because every single potential home that comes onto our books has something special to offer. However, this month’s pick was a real stand out sensation for us – the exceptional furnished apartment facing the port. Available to rent, it measures up as a very spacious 230 sqm and is located within a modern building overlooking Port Hercules and the surrounding sea. Fitted throughout with high ceilings and polished wooden floors, every inch of this place is coated with easy elegance and charm.

monaco apartment for sale

Luxury Accommodation

This stunning apartment has four bedrooms including the sensational master suite, and a generous three bathrooms. The open plan dining and living area becomes beautifully flooded with light each day from the enormous patio doors which lead you out onto one of the two spacious terraces (the second of which can be accessed via the master and second bedrooms).

monaco apartment for sale

Modern Furnishings

The décor is beautifully modern and simple – just perfect for such a sun-drenched dwelling. It’s furnished to the highest of standards with exquisite, sophisticated pieces in a minimal palette of black and cream, with just the right dose of opulence (without distracting from the sensational terrace views). Combining comfort, design flair and practicality always seems to be done well in Monaco. The elegant fitted kitchen has all the stylish, modern amenities you would expect, and the master bedroom even has it’s own extravagantly spacious walk-in closet.

monaco apartment for sale

Enviable Views

There’s no doubt that the exceptional views offered by this grand apartment are it’s most covetable feature. In fact, we think you’d be hard pressed to find scenery to rival this one in the entire Riviera, never mind in Monaco. Both Terraces overlook Port Hercules – and when we say overlook, we mean you practically feel as though you’re on deck of your own private yacht when you step out onto the balcony. Breathtaking views of the coast and ocean can be glimpsed from throughout the apartment.

monaco apartment for sale

For more information on these properties call +377 97 97 99 00 or contact us using the form below.