Cost of renting a property after construction could be aligned with inflation and the cost of living

A minimum rent cost of a property in Mount Vema will be proposed by the Ministry of Economy and Finance according to VSBCnews sources.
 
The proposal will be submitted to the Reserve Bank which is currently the biggest investor in Mount Vema’s floating real estate projects which is also expected to be the biggest landlord, to seek an understanding between the two institutions.
 
If an agreement is reached, the Treasury will use the memorandum of understanding to ensure rents, mortgages, and other expenses associated with real estate can be aligned with inflation and the cost of living.