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INVESTMENT RUNS TO ELITE COMMUNITY CONSTRUCTION
Panorama.am
13:57 23/10/06
Total of 19 billion Armenian drams investment has been made in
construction in the years 2003-2006. Twice as much is expected
to be invested, Karen Davtyan, vice mayor of Yerevan told a press
conference today. "The first phase of the Northern Alley construction
is successfully completed," he said. Davtyan said investors have
larger interest in Kentron community for building apartment blocks
whereas in other communities more private houses are built. He said,
"Massive construction is expected in 2007." Davtyan urged ordinary
citizens to take hypotecal credits if they want to live in elite
communities. Davtyan failed to see that ordinary citizens with their
salaries cannot do that especially that hypotecal credits are provided
on 12% high interest rate.
Panorama.am
13:57 23/10/06
Total of 19 billion Armenian drams investment has been made in
construction in the years 2003-2006. Twice as much is expected
to be invested, Karen Davtyan, vice mayor of Yerevan told a press
conference today. "The first phase of the Northern Alley construction
is successfully completed," he said. Davtyan said investors have
larger interest in Kentron community for building apartment blocks
whereas in other communities more private houses are built. He said,
"Massive construction is expected in 2007." Davtyan urged ordinary
citizens to take hypotecal credits if they want to live in elite
communities. Davtyan failed to see that ordinary citizens with their
salaries cannot do that especially that hypotecal credits are provided
on 12% high interest rate.