Soft loans for housing, from teachers and police officers to nurses. 530 state employees benefit.

From teachers and police officers to doctors, nurses, military personnel, diplomats… along with those working in the Ministry of Agriculture, Justice, Economy, Culture, and Innovation, they will be able to get interest-free loans to buy a house.

A total of 530 public administration employees, including those working in the Ministry of Finance, Infrastructure and Energy, Tourism and Environment, and the Prime Minister’s office, can apply to benefit from the government program.

Teuta Nunaj, an economics expert, states: “If we analyze this from a macro perspective, we must say that this money does stimulate the country’s economy because, after all, it’s being spent here. From a micro perspective, that is, on a family level, this is a social support policy, as the loan comes with very eased costs.”

Taking a soft loan is particularly beneficial today, despite a slight easing of interest rates. But could this policy extend beyond public sector employees?

“It would be very difficult to extend it to other categories. This is because, in a way, the government would take on the role of the banks, which would harm them,” explains Nunaj.

To benefit from the social housing policy, public sector employees must have a long-term contract. Additionally, they should not own a house in their name or that of family members, and their income should be sufficient to repay the loan but less than 135,000 lek per month.