Social Housing Apartment Prices 2025
The Cabinet announced the maximum price for social housing apartments for low-income people, as well as housing apartments for middle-income people, which will be provided according to the real estate financing initiative.
Social Housing Apartment Prices for Low- and Middle-Income People
The Cabinet announced an increase in the maximum selling price of residential units that will be offered for sale in the future, whether by the Social Fund. Or real estate developers.
Or residential units available in the real estate market, all with the real estate financing initiative. So that it becomes 450 thousand pounds for fully finished units (3 rooms and a hall), instead of 350 thousand pounds.
The price of a fully finished apartment (2 rooms and a hall), for low-income people, has also reached 400 thousand pounds.
Social housing apartments are offered by the Social Housing Fund with real estate finance support. 15 advertisements have been offered in the past seven years and preparations are currently underway to offer advertisement No. 16.
Social housing apartment areas, advertisement No. 16
The areas of the Ministry of Social Housing apartments are 90 square meters, consisting of 3 rooms, a kitchen, a bathroom and a hall, while the second area is 75 square meters, consisting of two rooms, a hall, a kitchen and a bathroom.
Middle-income apartment prices
The Cabinet also approved that the selling price of the entire unit would be 1.7 million pounds for middle-income people instead of 1.4 million pounds for fully finished units with an area of up to 150 m2.
The Cabinet also confirmed that semi-finished residential apartments will be dealt with, in line with the change in the cost of constructing the residential units being implemented and offered in advertisement No. 16. This is in an effort to stimulate the real estate finance sector and achieve the sustainability of social housing projects with the real estate finance initiative at a rate of 8%.