Heka continues with moderate rent adjustments – 1.8% increase in the average rent proposed for 2027

Next year, the average rent for Heka’s ordinary apartments would be €14.92 per square metre per month, while in 2026 the amount is €14.66. On average, a 1.8% increase means an increase in monthly rent of around €10 for a 40-square-metre apartment and an €18 increase for a 70-square-metre apartment. Apartment-specific changes may be lower or higher than the average increase.

The proposed increase in the average rent is in line with the general rise in the cost of living. At Heka, the need for rent increases is driven in particular by rising interest costs and the need to maintain the technical condition of the company’s properties. A total of around €83 million is being budgeted for repairs next year. At the same time, the trend in maintenance costs is moderate overall, and expenses such as heating costs are expected to fall.

“Keeping the rent level reasonable is at the heart of Heka’s core mission, and we know that every increase has an impact on our residents’ daily lives. That is why we are constantly working to ensure that our rent increases remain as moderate as possible. At the same time, we must be responsible in ensuring that our homes and properties remain in good condition in the years to come, and that we do not accumulate a repair backlog,” comments Managing Director of Heka Maria Aspala.

Heka’s stable financial position helps to curb rent increases

Heka’s finances are stable and its liquidity is good. Rent increases can be curbed through utilisation of the surplus of approximately €18 million from the previous financial year when determining rents for 2027.

For the first time, the 2027 rents are also taking into account repair costs in the coming years. The aim of this proactive preparation is to offset the impact of repair costs on rents and to curb the pressure for rent increases in the coming years.

Heka operates according to a cost-price principle, meaning that it uses rent payments to cover the costs of building, repairing, maintaining and managing its apartments and properties. Heka’s sound financial position enables it to take care of its properties with a long-term perspective while also keeping the rent level as reasonable as possible.

For 2026, the average rent for Heka’s regular apartments increased by 1.9%.

Schedule for the 2027 rent determination

Heka’s rents for 2027 will be confirmed during autumn 2026 as follows:

• Resident committees received the budget materials on 6 August.
• Resident committees will submit their statements by 25 August.
• The statements will be discussed in Heka at the beginning of September, and the necessary changes will be made to the budget materials.
• The Board of Heka will confirm the final budget and average rents for its properties on 23 September.
• Heka will inform residents of their new apartment rents in October.
• The new rents will come into force on 1 January 2027.