The June application term for project "Buy a House, Buy a Flat" begins on Friday, with citizens choosing from two subsidized housing loan models - half installment or half share.

Citizens can obtain up to EUR 9,900 of Government subsidies to buy a house or a flat, the Ministry of Finance said in a press release.

The "Half Installment" model means that the Government pays half of the monthly installment in the first five years of the loan repayment at an interest rate of 4.99 percent in the first three years, 5.5 for the fourth and fifth year of repayment.

The "Half Share" model means the Government will pay 50 percent of the share in the loan for purchase of a flat or construction of a house, at an interest rate of EURIBOR + 4.5 percentage points during the entire repayment period.