Artificialization
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The new Mareterra district, inaugurated this Wednesday, December 4 by Prince Albert II, allowed the Rock to extend its territory by six hectares onto the sea. The prices of built housing exceed 100,000 euros per square meter. Environmental protection associations denounce “deadly urbanization”.
A gull flies over the buildings. He got used to the massive buildings, their gray color like his plumage, the glass balconies and the thousands of windows. The bird lands at the foot of the construction site cleared of its concrete mixers. Here, it was the sea. Monaco is inaugurating its new district this Wednesday, December 4, called Mareterra, “built entirely on water”. Six hectares reclaimed from the Mediterranean add 3% of surface area to the Rock. The second smallest country in the world no longer knows where to build on its 2 square kilometers of luxury, casino and principality. So Monaco pushes back the waves. Conquering a new land for a lucrative real estate transaction.
This Wednesday, all of Monaco is invited to follow the Prince for the inauguration. Liberation did not receive the invitation card. You have to make do with the press kit which is smoother than glossy paper. A real estate agent would say: “eco-district”, “one hectare of pine forest”, “110 apartments, 10 villas, 4 townhouses”. Minimum size: 400 square meters; sea view; price on request. From a close source, prices are around 120,000 euros per square meter and sales are “a good commercial success”. “The principality has benefited from real estate VAT which represents 20% on all property sales,” indicates the p
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