The New Buildings of Monaco: Expansion and Modernity
DAMA Blog
Monaco, a land of luxury and modernity, is constantly evolving to meet the growing needs of its residents and investors. Over the years, new buildings have played a significant role in the principality's skyline, pushing the boundaries of architecture to new horizons.
The Maritime Expansion of Monaco
Once, Monaco's buildings competed in height, defying the skies with their imposing towers. But faced with increasing scarcity and exorbitant land prices, the only direction to take was towards the sea.
The first major extension into the Mediterranean Sea took place at Portier between 1958 and 1961. Then, at Larvotto between 1961 and 1963, Monaco continued its expansion onto the water. But it was the Sadim project in 1962 that marked a major turning point. Nearly 30 hectares were reclaimed from the sea, housing hundreds of social housing units, the Fontvieille port, and the Louis II Stadium, a phenomenal success that shaped contemporary Monaco.
Investing in the Future
For investors interested in Mareterra, demand is strong and competition is fierce. Prices remain a mystery, but it is already known that half of the properties have been sold. This new district attracts international buyers, willing to pay astronomical prices to own a piece of this Monégasque dream.
Challenges and Perspectives
Monaco's maritime extension is only just beginning. With 55 hectares reclaimed from the sea in nearly 120 years, the principality continues its quest for modernity and growth. While towers will continue to mark the skyline, the extension into the sea offers new opportunities and challenges, thus shaping the future of Monaco's real estate.
The Agents of Change
Alongside major maritime projects, historic construction players such as the Pastor Group and the Marzocco Group continue to shape Monaco's terrestrial real estate landscape. With ambitious projects and prestigious achievements, they contribute to the constant evolution of the principality.
Monaco, a land of challenges and innovation, is opening up to new horizons, ready to welcome the dreams and ambitions of those who aspire to an exceptional living environment.
Once, Monaco's buildings competed in height, defying the skies with their imposing towers. But faced with increasing scarcity and exorbitant land prices, the only direction to take was towards the sea.
The first major extension into the Mediterranean Sea took place at Portier between 1958 and 1961. Then, at Larvotto between 1961 and 1963, Monaco continued its expansion onto the water. But it was the Sadim project in 1962 that marked a major turning point. Nearly 30 hectares were reclaimed from the sea, housing hundreds of social housing units, the Fontvieille port, and the Louis II Stadium, a phenomenal success that shaped contemporary Monaco.
Investing in the Future
For investors interested in Mareterra, demand is strong and competition is fierce. Prices remain a mystery, but it is already known that half of the properties have been sold. This new district attracts international buyers, willing to pay astronomical prices to own a piece of this Monégasque dream.
Challenges and Perspectives
Monaco's maritime extension is only just beginning. With 55 hectares reclaimed from the sea in nearly 120 years, the principality continues its quest for modernity and growth. While towers will continue to mark the skyline, the extension into the sea offers new opportunities and challenges, thus shaping the future of Monaco's real estate.
The Agents of Change
Alongside major maritime projects, historic construction players such as the Pastor Group and the Marzocco Group continue to shape Monaco's terrestrial real estate landscape. With ambitious projects and prestigious achievements, they contribute to the constant evolution of the principality.
Monaco, a land of challenges and innovation, is opening up to new horizons, ready to welcome the dreams and ambitions of those who aspire to an exceptional living environment.
