“Government Implements New Repayment Terms for Housing Loans Amidst Currency Depreciation”
The government has announced changes to the housing loan program, with loans for housing purchases being repaid in a maximum of 12 months, plus a grace period. Interest rates remain at 9%. The program aims to address the depreciation of the Armenian dram exchange rate.
“Record-breaking Increase in Interest Rates and Tax Revenues in 2023: Mortgage Loans Booming”
Discover the significant growth in interest rates and tax revenues from mortgage loans in 2023. Over 38,911 taxpayers participated, returning 51.9 billion drams, surpassing last year’s figures by 42%. Mortgage loans also increased by 33%. The State Revenue Committee reports that the program returned 141.1 billion drams between 2015-2023. Get the full story on NEWS.am.