+7 (701) 759 90 19
USD 388.81 EUR 429.01
RUB 6.08 CNY 55.49
News

New mortgage scheme to make housing more affordable for Kazakhstanis

5 March 2018 13:20
Share in:
New mortgage scheme to make housing more affordable for Kazakhstanis

ASTANA. KAZINFORM - New mortgage scheme 7-20-25 was proposed by Kazakh President Nursultan Nazarbayev on Monday, Kazinform reports.

The Head of State announced the new mortgage scheme at the joint session of the Kazakh Parliament chambers.

"Today we are ready to make a new step towards social modernization. I suggest five presidential social initiatives. The first initiative will focus on new opportunities for every family to buy housing. Over the past years we've done a lot to help our citizens and offer them more opportunities to buy housing. 11.2 million square meters of housing were commissioned last year. These are some record-breaking numbers, something we've never achieved before. However, this is not enough. Many families still have no their own housing," the President said at the session.

He stressed it is crucial to create conditions to solve that problem and make residential mortgage more affordable, so that every citizen was able to purchase housing.

Nursultan Nazarbayev proposed a tool that will help Kazakhstanis solve their housing problems - 7-20-25 mortgage scheme. Within the framework of the scheme rate of return will not exceed 7% per year, initial payment will stand at 20% and credit length will be 25 years.


Share in:

Author:

Kudrenok Tatyana

+7
Send
Employees online
Editor
Kudrenok Tatyana
Kudrenok Tatyana
954-048
Editor
Raushan Alzhanova
Raushan Alzhanova
954-048
Editor
Temirgaliyeva Arailym
Temirgaliyeva Arailym
954-048

Archive