The DLBP team recently enjoyed a wonderful trip to Monaco, the most densely populated country in the world, to enhance our knowledge about how to creatively increase housing supply through densification. The recent spike in demand is due to the immense desirability to own property in the world’s second smallest country.
The team were very impressed by the enormous scale of development and the land reclamation projects that have shaped Monaco’s transformation over the years.
The ongoing Mareterra development provides an example of how land reclamation is defining Monaco’s current development strategy, whereby 20% of Monaco is artificial land.
A particular highlight of the trip was the steep uphill climb to the Prince’s Palace (passing the statue of Prince Rainier III) and the adjoining historic old town of Monaco-Ville. From there, spectacular views of the Port de Fonteveille and Port Hercule were found, where the extent of the large-scale developments could be appreciated.