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Mediamax Agency, Armenia
Jan 31 2007
NKR government approved the programme of mortgage crediting: credits
will be granted for a 20-year term at the annual interest rate of 6%
Yerevan, January 31 /Mediamax/. The government of the
Nagorno-Karabakh Republic (NKR) approved the program of mortgage
crediting.
As Mediamax was told in the press service of the NKR government, this
is the first long-term programme, directed to improve the housing
conditions of the citizens and to stimulate house-building in the
republic.
In accordance with the programme, the amount of the mortgage credit
will make up to 15mln AMD, but should not exceed the 80% of the sales
value of the apartment or the construction of a separate house.
The credit will be granted for a 20-year term, at the interest rate
of 6% per year.
The NKR Prime Minister Anushavan Danielian noted that soon a social
mortgage program will come out, also directed to improve the housing
conditions of the population.
Jan 31 2007
NKR government approved the programme of mortgage crediting: credits
will be granted for a 20-year term at the annual interest rate of 6%
Yerevan, January 31 /Mediamax/. The government of the
Nagorno-Karabakh Republic (NKR) approved the program of mortgage
crediting.
As Mediamax was told in the press service of the NKR government, this
is the first long-term programme, directed to improve the housing
conditions of the citizens and to stimulate house-building in the
republic.
In accordance with the programme, the amount of the mortgage credit
will make up to 15mln AMD, but should not exceed the 80% of the sales
value of the apartment or the construction of a separate house.
The credit will be granted for a 20-year term, at the interest rate
of 6% per year.
The NKR Prime Minister Anushavan Danielian noted that soon a social
mortgage program will come out, also directed to improve the housing
conditions of the population.