Overview

• The freeze applies across the capital’s residential and commercial markets for a five-year period.
• All new and existing leases must remain at current rates, with landlords barred from raising rents during the term.
• The Ministry of Housing announced the measure to ease the burden on middle- and low-income residents.
• The move responds to sharply rising property prices and rents that have strained household budgets.
• Reporting did not detail enforcement mechanisms, possible exemptions, or compensation for property owners.