Prime Minister Presents Unprecedented Affordable Housing Opportunities
Armenian Prime Minister Nikol Pashinyan has presented details of the government’s decision on a new phase of the affordable housing project for young families, Armenpress reports.
Speaking on Facebook live, the PM said that under the new decision the conditions for acquiring an apartment under the project have been expanded. He said that from now on young families eligible for the project will be considered families where the age total of the couples is 70, and not the previously defined 65. “These families will be enabled to acquire apartments from the secondary market, meaning in not new buildings, under the following conditions – the maximum interest rate of mortgage loans in Yerevan will be 7,5%, and 5,5% in provinces,” he said, adding that he has talked with the cenbank president and the latter has said that there are banks that are willing to provide the loans even on lower rates.
The other change in the project is a significant decrease of the pre-payment. It has been lowered to 10% from 30%. The condition applies in the event of an existing pledge of a second property.
The other important change is the re-payment period for the mortgage of apartments in new buildings – 30 years. According to the PM, this is an unprecedented re-payment period in Armenia. He said that he is well aware that there are people who are unemployed, as well as people who are employed but work low wages and cannot benefit from the project. But he said that the basis of the government’s policy is to encourage employment.
-
17:08
The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05
The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11
Armenia sends earthquake aid to Turkey
-
10:43
Commemoration of the Pontiff St. Sahak Partev
-
09:16
Some roads are closed and difficult to pass in Armenia
-
19:55
Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30
Prime Minister Pashinyan and President Khachaturyan meet
-
18:20
Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01
Humans could land on Mars within 10 years, Musk predicts
-
16:45
France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01
Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59
Earthquake death toll in Turkey rises to 18,342
-
15:43
Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06
French president rules out fighter jet supplies to Ukraine in near future
-
14:47
5 Day Weather Forecast in Armenia
-
14:44
President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20
Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57
France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40
Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16
The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 34%
Wind: 3.09 km/h