Annual payments of state-subsidised loans not raised in 2023 - aim to ease cost pressures related to housing

The Government has decided to keep the annual payments of the state-subsidised rental housing and right of occupancy housing loans (ARAVA) at the same level as in 2022. No adjustment according to the consumer price index will be made in 2023. The decision will curb the pressures to raise rents and management fees in the current situation where the property management costs and the residents' living costs are also rising rapidly.