{"id":4184,"date":"2009-11-20T11:55:44","date_gmt":"2009-11-20T11:55:44","guid":{"rendered":"https:\/\/armbanks.am\/2009\/11\/20\/230157\/"},"modified":"2024-12-15T12:45:19","modified_gmt":"2024-12-15T12:45:19","slug":"mortgage-market-to-start-rallying-in-2nd-q-2010","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2009\/11\/20\/4184\/","title":{"rendered":"Mortgage market to start rallying in 2nd Q 2010"},"content":{"rendered":"<p><strong>YEREVAN, November 20. \/ARKA\/. <\/strong>Armenia\u2019s mortgage market has already hit the bottom of the crisis and is expected to start rallying in the second quarter of the next year, Armen Khachyan, director general of Washington-Capital Universal Credit Organization, said in an interview with ARKA News Agency.<\/p>\n<p>\u201cThe mortgage market sustained immense losses because of the global crisis, but things start getting right \u2013 real estate prices has stopped going down,\u201d he said.<\/p>\n<p>Khachyan thinks the first quarter of 2010 will be relatively sluggish because of season factors, but later the market will make a rally being fueled by revival of house construction.<\/p>\n<p>He also stressed the importance of the bailout measures taken by the government saying they have spurred mortgage and lending markets.<\/p>\n<p>Washington-Capital Universal Credit Organization was established in 2005.<br \/>\nThe company\u2019s activity is mainly focused on mortgage lending \u2013 90% of its credit portfolio is filled by mortgage loans.<\/p>\n<p>In 2007, the organization was involved in KfW German bank\u2019s sustainable development program. -0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s mortgage market has already hit the bottom of the crisis and is expected to start rallying in the second quarter of the next year, Armen Khachyan, said director general of Washington-Capital Universal Credit Organization.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[12911,12688,12297,12313,12314],"class_list":{"0":"post-4184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-agro","9":"tag-armenia-analyst-inflation","10":"tag-market","11":"tag-mortgage","12":"tag-rallying"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/4184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=4184"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/4184\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=4184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=4184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=4184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}