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ARMENIA OCCUPIES 56TH PLACE BY THE COST OF MORTGAGE LOANS AMONG 60 COUNTRIES
/ARKA/
June 14, 2011
YEREVAN
YEREVAN. June 14. /ARKA/. According to the data of leading Russian
operator in the market of housing and commercial real estate "Penny
Lane Realty" Armenia occupies 56th place in the rating of mortgage
loans with annual percent rate of 15.9% among 60 countries.
In calculation of total cost of the credit the data published by
European Mortgage Federation. Quarterly Review of European Mortgage
Markets, 2010), international banks ad mortgage brokers were used.
According to the rating, monthly payment of mortgage loan is 1 322
euro, overpayment by percents - 195 060 euro and total cost of the
credit is 317 310 euro 260%. The results of the study of international
market of mortgage crediting showed that most of all such countries as
Denmark where average percent rate is 1.36% (monthly payment 566 euro,
overpayment by percents - 16 684 euro, total cost of the credit - 138
935 euro or 114% ), Sweden - from 2.23% (monthly payment - 596 euro,
overpayment by percents - 20 733 euro, total cost of the credit -
142 983 euro or 117% ) and Spain - from 2.44% (monthly payment -
628 euro, overpayment by percents - 28 584 euro, total cost of the
credit - 150 834 euro or 1237%) occupying the first, second and third
places in the rating, most of all think about their citizens.
Turkey is in 36th place with average percent rate of 6.8% and monthly
payment of 857 euro, Russia - 47th place (11.5% and 1 097 euro),
Uzbekistan - 54th place (14.6% and 1 256 euro), and Kazakhstan -
55th place (15.5% and 1 302 euro).
According to the report, such countries as the Ukraine (16.3% and 1
343 euro), Azerbaijan (16.9% and 1 373 euro), Argentine (18% and 1
429 euro) and Turkmenistan (18% and 1 429 euro) close the rating table.
/ARKA/
June 14, 2011
YEREVAN
YEREVAN. June 14. /ARKA/. According to the data of leading Russian
operator in the market of housing and commercial real estate "Penny
Lane Realty" Armenia occupies 56th place in the rating of mortgage
loans with annual percent rate of 15.9% among 60 countries.
In calculation of total cost of the credit the data published by
European Mortgage Federation. Quarterly Review of European Mortgage
Markets, 2010), international banks ad mortgage brokers were used.
According to the rating, monthly payment of mortgage loan is 1 322
euro, overpayment by percents - 195 060 euro and total cost of the
credit is 317 310 euro 260%. The results of the study of international
market of mortgage crediting showed that most of all such countries as
Denmark where average percent rate is 1.36% (monthly payment 566 euro,
overpayment by percents - 16 684 euro, total cost of the credit - 138
935 euro or 114% ), Sweden - from 2.23% (monthly payment - 596 euro,
overpayment by percents - 20 733 euro, total cost of the credit -
142 983 euro or 117% ) and Spain - from 2.44% (monthly payment -
628 euro, overpayment by percents - 28 584 euro, total cost of the
credit - 150 834 euro or 1237%) occupying the first, second and third
places in the rating, most of all think about their citizens.
Turkey is in 36th place with average percent rate of 6.8% and monthly
payment of 857 euro, Russia - 47th place (11.5% and 1 097 euro),
Uzbekistan - 54th place (14.6% and 1 256 euro), and Kazakhstan -
55th place (15.5% and 1 302 euro).
According to the report, such countries as the Ukraine (16.3% and 1
343 euro), Azerbaijan (16.9% and 1 373 euro), Argentine (18% and 1
429 euro) and Turkmenistan (18% and 1 429 euro) close the rating table.