Supporting renters with loans

 November 10, 2018

Monaco from bird's eyes view
© Courtesy of Monaco Press Centre


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In the free sector, the ceilings for reference rents will be upgraded on 1 January 2019.

According to Jean Castellini, the ceilings for reference rents weren’t reevaluated on 1 January 2018 and the government perceived that the reality of the market surpassed the policies and needed to be significantly upgraded.

In the free sector, the ceilings for reference rents will be upgraded on 1 January 2019. According to Jean Castellini, the ceilings for reference rents weren’t reevaluated on 1 January 2018 and the government perceived that the reality of the market surpassed the policies and needed to be significantly upgraded.

Thus far, no ministerial decree gives preference to those looking to rent a home if they had already applied to rent a home in the past. The Minister believes it’s legitimate that someone who was not able to rent in the past is not preferred compared to someone who, for example, is a first-time candidate.

In 2018, the government helped attribute more 160 housing units to renters. These new and supportive policies may help renters and potential buyers better navigate Monaco’s tightly packed housing market.

Originally published by Olga Taran at HelloMonaco.com


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