Mortgage interest rate to be reduced in Kyrgyzstan in 2019 - SMC

Economy 0

Bishkek, Jan. 29, 2019. /Kabar/. To date, over 3.8 thousand mortgage loans have been issued for a total amount of more than 4.2 billion soms, Chairman of the board of the State Mortgage Company OJSC (SMC) Baktybek Shamkeyev told at a press conference at the Kabar News Agency.

He said that as a result, more than 210 thousand square meters of housing was acquired.

“More than 14 thousand citizens of Kyrgyzstan are provided with housing. Since autumn 2018, interest rates have been reduced to 7.9% per annum, a reduction to 6.8% per annum is planned in the 4th quarter of 2019,” Shamkeyev said.

He noted that two multi-storey pilot houses are being built in the cities of Naryn and Bishkek with 135 apartments in each.

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