{"id":9747,"date":"2010-04-06T16:33:56","date_gmt":"2010-04-06T16:33:56","guid":{"rendered":"https:\/\/armbanks.am\/2010\/04\/06\/230890\/"},"modified":"2024-12-15T12:46:54","modified_gmt":"2024-12-15T12:46:54","slug":"expert-armenias-mortgage-market-developing-in-due-course","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/04\/06\/9747\/","title":{"rendered":"Expert: Armenia\u2019s mortgage market developing in due course"},"content":{"rendered":"<p><strong>YEREVAN, April 6. \/ARKA\/. <\/strong>Armenia\u2019s mortgage market is developing in due course, Mher Yedigaryan, the director of National Mortgage Company universal credit organization, said in an interview with ARKA News Agency.<\/p>\n<p>\u201cNow the mortgage market is developing properly, but it doesn\u2019t mean that impacts of the global crisis are overcome fully,\u201d he said adding that things in any separate area, such as mortgage lending, are closely connected with economic developments.<\/p>\n<p>Yedigaryan said that the National Mortgage Company started functioning amid lowering supply and demand for mortgage loans.<br \/>\nThis fall in demand and supply was due to volatility on real estate market.<\/p>\n<p>Yedigaryan said that the company\u2019 efforts had produced certain results \u2013 the situation has been improved a great deal.<\/p>\n<p>\u201cIt became possible to stabilize and spur mortgage lending by offering money-lending organizations long-term and relatively cheap money,\u201d he said in his interview.<\/p>\n<p>Yedigaryan said that the National Mortgage Company cooperates with 12 banks and three credit organizations and intends to enlarge this number soon.<\/p>\n<p>The company\u2019s authorized capital amounts to AMD 5 billion and is planned to be enlarged in 2010.<\/p>\n<p>\u201cThe government allocated AMD 12 billion I 2009 for mortgage market development. This money is being spent through the National Mortgage Company by refinancing of mortgage loans extended to the country\u2019s population,\u201d Yedigaryan said. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s mortgage market is developing in due course, Mher Yedigaryan, the director of National Mortgage Company 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":[12139,12202,9216],"tags":[15837,12572,12297,12313,385],"class_list":{"0":"post-9747","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-loan-organizations","8":"category-news","9":"tag-armenia-2","10":"tag-course","11":"tag-market","12":"tag-mortgage","13":"tag-385"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/9747","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=9747"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/9747\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=9747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=9747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=9747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}