Unable to connect to VM console on ARM architecture

Working with custom VM require accessing console when incus-agent is not running. For example debugging boot process with incus start <instance> --console command. Console access works mostly well on X86_64 architecture, but does not work at all on ARM hosts.
Trying to get console access on Raspbery Pi 4B with Ubuntu 24.04 fails with the error: Error: Failed to swap console ring buffer with socket: Chardev user does not support chardev hotswap. Actually qemu process return this error. I was trying to google what is causing this error without success. I would appreciate for suggestion how to fix this issue.