NAGORNO-KARABAKH GOVERNMENT ESTABLISHED ORDER OF GRANTING HOUSING CREDITS
DE FACTO
Feb 28, 2008
YEREVAN, 28.02.08. DE FACTO. The Nagorno-Karabakh Republic government
established the order of the state support’s granting for purchasing
housing via hypothec credits.
According to the information DE FACTO received at the NKR government’s
press office, the credits will be granted within 20 years at an annual
rate of 12 percent. The NKR Investment fund will pay off the half of
the rate.
Besides, it has been envisaged that the state will also grant almost
50 percent of the sum as no interest credit.
The NKR government has also made a decision to prolong the terms
of the housing’s privatization for 2 years more. At present about 8
percent of the Republic’s Housing Fund has not been privatized yet.