Les Lierres–Nathalie: What the Project Means for Homes in La Rousse
2026-11-12
AI-generated editorial illustrations: fictional scenes, not project renderings, actual listings or Monaco Properties premises.
An apartment can make a convincing first impression: a bright living room, a generous terrace, the right address. A development nearby adds another question to the decision: how will this home work while its surroundings change? Les Lierres–Nathalie brings that question into focus in La Rousse. Our approach is to start with the documents, then translate them into practical considerations for the individual property.
A housing project with a specific purpose
Les Lierres–Nathalie forms part of Monaco’s state housing programme for Monégasque households. The Conseil National’s 2025 budget report lists 60 homes. This is not an announcement of 60 apartments offered for sale to international purchasers. Its relevance to the private market lies principally in the evolution of the surrounding neighbourhood. [1]
What the technical description confirms
Project engineer BET GRAVITY identifies Monaco’s Public Works department as client and Alexandre Giraldi as architect. Its published description sets out a building of 15 storeys above a more extensive base, with six basement levels. It also describes a road link towards future infrastructure beneath the upper Annonciade. These are project parameters, not a guarantee that a particular neighbouring apartment’s view or access will remain unchanged. [2]
The timetable has moved
The explanatory memorandum accompanying Monaco’s 2026 revised budget bill places the start of works in 2027, pending the results of geotechnical studies for La Rousse. More recently, Monaco Hebdo’s report of the 13 October 2026 parliamentary debate gives 2031 as the delivery horizon announced for Les Lierres–Nathalie. These are planning indications, not contractual completion dates. A construction tender, a start on site and a completed residence are separate milestones. [3][4]
For a buyer: examine the apartment’s exposure
Two apartments in the same residence may experience a nearby project differently. The relevant comparison is the position of the living room, bedrooms and terrace against the proposed building and works area. Ask for the available plans, identify the outlook from the actual floor and check how light and privacy might be affected. A viewing at a quiet moment cannot establish the future noise level. Where documents do not settle a question, that uncertainty belongs in the decision.
AI-generated editorial illustrations: fictional scenes, not project renderings, actual listings or Monaco Properties premises.
For a tenant or owner: match the decision to the years ahead
A tenant planning a long stay will want to understand potential changes to pedestrian routes, deliveries and garage access. An owner preparing to let or sell should keep the available project information organised and distinguish published proposals from confirmed arrangements. For an apartment facing the works, assess glazing, ventilation and whether bedrooms have another exposure. These measures help evaluate comfort; they do not eliminate construction disturbance.
Better connections do not produce an automatic price uplift
Improved access can make daily life easier once delivered. It does not establish a percentage increase in the value of a nearby home. Any valuation still needs relevant transactions, the building’s condition, the apartment’s qualities and its immediate setting. The broader La Rousse–Annonciade redevelopment also has its own planning process: progress on this site should not be presented as confirmation of every future neighbourhood project.
Bring these questions to the viewing
- Which rooms and outdoor spaces face the proposed development?
- What do the available plans show, and which details remain unresolved?
- How might the works affect the routes and parking access you use?
- Does the likely construction period overlap with your intended stay or sale?
- Does the price make sense on today’s evidence, without assuming future appreciation?
Monaco Properties
Monaco Properties can help you assess available homes in La Rousse against your priorities, request relevant information from the seller or property manager and organise focused viewings. Through cooperation between Monaco agencies, we can also coordinate access to suitable properties offered by partner agencies, subject to availability. You have one point of contact for comparing the options and identifying the questions that still need an answer.
Considering a home near the Annonciade? Let us put the apartment and its surroundings in context.
+377 97 97 33 97
info@mpmonaco.com
29 boulevard d’Italie, 98000 Monaco
Sources and editorial review
- Conseil National — budget report, 2025: 60 homes
- BET GRAVITY — Les Lierres Nathalie, technical project description
- Legimonaco — Projet de loi n° 1.127, budget rectificatif 2026, explanatory memorandum
- Monaco Hebdo — Mélicia Poitiers, 26 October 2026, report of 13 October debate
Reviewed 12 November 2026. Published project information may change. The property implications above are Monaco Properties’ editorial analysis, not a forecast of prices or a guarantee of the works programme.
