The various housing sectors

Housing in the Principality is comprised of various sectors: the non-regulated sector , the State sector and the regulated sector, comprised of the Rent Controlled Sector and the liberalised sector, and finally property belonging to the Independent Pensions Fund (Caisse Autonome des Retraites - CAR).

These various sectors are accessible subject to certain conditions, which vary according to sector. Note that the open market is the only sector aimed at the general population, the only constraint being the level of resources available to the applicant.

The apartments concerned can be rented freely, whatever the nationality of the tenant.

The length of the lease and the amount of rent payable are set according to the wishes of the landlord.

They are is covered by the Civil Code and by the Act no. 1.329 of 08 January 2007 pertaining to joint ownership of buildings .

They concerns mainly residential apartments located in buildings constructed after 1 September 1947.

Rentals are generally made through local estate agents, rental offers can also be published in the local press.

This relates to housing belonging to the Monegasque State.

These apartments are allocated to people of Monegasque nationality. Allocations are made in order of priority, resulting in a total number of points obtained by applying various objective criteria, which are defined by the Ministerial Decree no. 2019-286 of 22 March 2019 pertaining to conditions for the allocation of State housing .

Apartments covered by this sector are located in buildings constructed before 1 September 1947.

The Rent Controlled Sector

This sector is covered by the Act no. 1.235 of 28 December pertaining to rental conditions for certain residential premises which were built or completed before 1 September 194... .

Rental conditions for these apartments are set out by the Housing Department.

These properties can only be rented to people registered as "protected persons" with the Housing Department in line with the provisions of Articles 3 and 4 of the aforementioned act.

The required conditions are usually residency in the Principality and income threshold.

The liberalised sector

This concerns apartments subject to Act no. 887 of 25 June 1970 limiting the scope of the ordinance-law no. 669 of 17 September 1959 amending and codifying legislation pertaining to... .

Apartments in this sector are for rental by people who have been domiciled in Monaco for at least five years and who have worked there for more than six months, or people who have worked in Monaco for at least five years.

Their rental conditions are also set out by the Housing Department.

On the other hand, the rental conditions for apartments covered by Article 1, indents 2 and 3 of Act no. 1.235 of 28 December pertaining to rental conditions for certain residential premises which were built or completed before 1 September 194... , are similar to the non-regulated sector.

It should be noted that, in the whole of the regulated sector, the State enjoys a pre-emptive right to purchase a property in the event of a sale.

The Independent Pensions Fund (Caisse Autonome des Retraites) owns a portfolio of property in the Principality and neighbouring towns.

To find out about rental conditions for these apartments, contact the property department at 10, rue Princesse Florestine in Monaco or by email: immobilier@caisses-sociales.mc