Monday, February 26 2018, 15:23

ArmInfo.

Mortgage is increasing at falling property prices
 Tuesday, February 20 2018, 17:46

ArmInfo. In Armenia, against  the background of a fall in property prices, the mortgage is gaining  momentum. According to the Financial Rating of the Armenian Banks  prepared by IC ArmInfo, parallel to this, the volume of bank mortgage  lending came out of the 1.5% decline by 14.4%, to 215.2 billion drams  or $ 444.5 million, which was accompanied by a decrease in mortgage  rates loans for 2017 from 12.2% to 10.6% on average. Meanwhile, over  the past year the average market value of housing has decreased by  2.8% (against growth of 0.6% in 2016).

Anelik Bank improved the terms of mortgage loans: prepayment - from 0%, rate - at least 8.5% per annum, with the maturity term up to 20 years
 Monday, February 5 2018, 14:35

ArmInfo. Anelik Bank has  improved the terms of mortgage loans.  As the press service of the  Bank explained to ArmInfo, prepayment - starting from 0%, interest  rate - at least 8.5% per annum, maturity - up to 20 years. Mortgage  loans are issued both in drams and in US dollars.

The Armenian parliament introduced amendments to the Tax Code
 Thursday, December 21 2017, 12:56

ArmInfo. The National Assembly of Armenia adopted amendments to the Tax Code proposed by the Government of Armenia at the meeting on December 21 in the second and final reading.

VTB Bank Armenia launched new mortgage product with a prepayment of only 3%
 Tuesday, December 12 2017, 15:28

ArmInfo. VTB Bank (Armenia), taking into account the development of the mortgage market and the needs of customers, launched a new mortgage product with the option to purchase real estate with a prepayment of only 3%. As the press service of the Bank told ArmInfo, this product acts both for the secondary market and for real estate purchased from developers even in case of unfinished construction.

Armenia goes to partial cancellation of tax benefits when buying housing in a mortgage
 Friday, December 8 2017, 16:19

ArmInfo. Armenia is going to partial abolition of tax benefits when buying a home in a mortgage. The bill will be considered on December 12 at an extraordinary meeting of the parliament. This was stated by Deputy Finance Minister of Armenia David Ananyan on December 8 at a meeting with journalists.

Armenian government revises tax benefits for mortgage lending
 Thursday, November 23 2017, 20:38

ArmInfo. The Armenian  government is reviewing tax benefits for mortgage lending. The  corresponding decision was made on November 23 at a meeting of the  Cabinet of Ministers of the country.

 Thursday, November 23 2017, 20:31

ArmInfo.

Expert: The domestic real estate market has already created everything the prerequisites for reviving the situation and increasing prices in 2018.
 Wednesday, November 22 2017, 17:32

ArmInfo. In 2017, the sharp the volatility of property prices was not observed due to lack of changes in the cost of construction 1kv.m. housing. This was stated in the conversation with the correspondent of ArmInfo by the chairman of the corporation "Akcern" Hakob  Baghdasaryan.

I. Telegin: Until late 2017, VTB Bank (Armenia) will increase its retail portfolio to 91 billion AMD
 Tuesday, November 14 2017, 15:06

ArmInfo. Until the end of 2017, VTB Bank (Armenia) intends to increase its retail loan portfolio to 91 billion AMD. The director of the Retail Business Development Department of VTB Bank (Armenia) Ivan Telegin stated in the conversation with the ArmInfo correspondent.  

Ameriabank announced the launch of two credit campaigns - for SMEs and individuals
 Tuesday, October 24 2017, 18:48

ArmInfo. Ameriabank  announced the launch of two credit campaigns - for SMEs and  individuals, the terms within which will be established under the new  methodology. This October 24, said the director of Ameriabank retail  banking Arman Barseghyan, noting that the campaigns will be in effect  until December 30 this year.

 Tuesday, October 24 2017, 18:40

ArmInfo.

Converse Bank reduced the rate and extended the maturity of mortgage loans
 Wednesday, October 18 2017, 14:27

ArmInfo. Converse Bank, which is leading in Armenian banking system for mortgage lending, has improved the terms of the loans provided under the Affordable Housing for Young Credit program. As ArmInfo was explained in the press service of the Bank, the maturity is extended to 20 years, and the annual interest rate is set at 8.5%. Moreover, the specified interest rate is applicable throughout the territory of Armenia.

 Tuesday, October 17 2017, 14:36

ArmInfo.

Ardshinbank Offers Mortgages Starting With Just 5% Prepayment
 Tuesday, September 19 2017, 18:09

ArmInfo. Ardshinbank  announces new terms on mortgages, according to which the interest  rate for purchasing residential real estate has been reduced to 9.5%.  Lending conditions have also been improved, therefore it is now  possible to get a real property starting with just 5% prepayment.

Armenian parliament adopted a package of bills aimed at liberalizing the mortgage market
 Thursday, September 14 2017, 12:24

ArmInfo. The National Assembly of Armenia at the meeting on September 14 in the first reading amended the law "On Housing Mortgage Lending" and in a package of relatedlaws.According to the deputy chairman of the Central Bank of Armenia Nerses Yeritsyan, the bill passed two readings during the previous session of the parliament, but did not pass the third and final one. 

In Armenia, the institution of presentation of mortgage for mortgage lending will be liberalized
 Wednesday, September 13 2017, 17:17

ArmInfo. The National Assembly of Armenia at the meeting on September 13 began discussions on the draft amendments to the Law on Housing Mortgage Lending and a package of related laws.

Converse Bank took part in Armenia Expo-2017 annual exhibition
 Monday, September 11 2017, 17:30

ArmInfo. Converse Bank took part in the annual exhibition Armenia Expo-2017, where the guests of the pavilion got acquainted with the conditions of mortgage lending, loans to SMEs, energy efficiency loans, car loans and student loans. As the press service of the Bank told ArmInfo, when choosing products and services presented in the pavilion, Converse Bank took into account the most diverse preferences and requirements of potential clients of different age categories.

VTB Bank (Armenia) presents improved conditions for mortgage lending
 Wednesday, August 30 2017, 12:24

ArmInfo. From now on, it is  possible to issue a mortgage loan in the amount of up to 25 million  drams for buying / building / repairing real estate at a reduced  interest rate from VTB Bank (Armenia) starting from 11.5% per annum  when purchasing housing and from 12.5% at construction / repair.  According to the press service of the Bank, the mortgage loan can be  granted to RA citizens and RA residents, whose age at the time of  receiving the loan should not be less than 21 years, and at the time  of repayment the loan should not exceed the age of the borrower's  retirement. 

Expert: Real estate market of Armenia started demonstrating weak signs of recovery in I half-year
 Thursday, August 17 2017, 17:02

ArmInfo. The real estate  market of Armenia in the first half of 2017, despite the prolonged  stagnation of prices, began to show weak signs of recovery. According  to the director of the real estate agency "Bars" Marina Chatinyan, an  increase in interest in real estate is observed in all market  segments, from new buildings to land plots.

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