Out of reach mortgage and high market rent? A new project of state-supported rental housing brings hope to thousands of Slovaks. How does it work, what advantages does it offer and what do you have to do to be able to live cheaper? You can find the answers in our article.

The housing revolution: What is state-supported rental housing?

State-supported rental housing is a model that aims to fill the gap between social housing and market rent. It is ideal for people who cannot afford a mortgage but have a stable income. The project offers affordable rental apartments with a guarantee of long-term housing.

“This project responds to the public’s long-standing call for more affordable housing,” states the Agency of state-supported rental housing. More than 80% of people aged 17 to 45 consider the construction of rental apartments to be crucial.

Who is entitled to such an apartment?

According to the current rules, applicants must meet the following conditions:

  • Maximum net household income: It must not exceed eight times the subsistence minimum. For example, in the Košice region, the upper limit of income for a family of four is 5,722.8 euros. Lower limit of net household income = €1,382.35. The maximum rent for this apartment is €667.
  • Not owning real estate: The applicant must not own an apartment or a house.

Disqualification criteria include debt to state institutions or record in enforcement proceedings. “Each application will be considered individually,” adds the agency.

Anyone interested in finding out the specific conditions for obtaining such state-supported housing can use the informative calculator made available by the state agency TU.

The main advantages of the project

This model offers a number of benefits that make it attractive to many:

  • Price-regulated rent: The rent is determined by the government, taking regional differences into account. In the Bratislava region, for example, a two-room apartment is available for 613 euros per month, in the Prešov region for 389 euros.
  • Support from employers: Companies can contribute up to 360 euros per month to their employees’ rent. This contribution is not subject to income tax and is tax deductible for the employer.
  • Long-term stability: Lease contracts are automatically converted to open-ended contracts after five years.
  • Transparency and quality: The involvement of experienced partners ensures the reliable operation of the entire system and the quality of the apartments.

How to register?

Registration for the program should start at the beginning of 2025. The agency is preparing an online form through which interested parties will be able to apply. “All information and dates will be published on our official website,” the agency reports. Therefore, it is recommended to regularly follow the current announcements HERE.

A long-term vision of housing for everyone

State-supported rental housing has the potential to revolutionize housing in Slovakia. It provides an affordable alternative to expensive mortgages and market rents. If you meet the criteria, don’t hesitate and get ready to register. The future of housing is in your hands!

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