Mortgage interest rates drop to 8.5% in Leva and 7.5% in Euro
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The number of mortgages to be lent by banks in 2010 will increase and will surpass those in 2009 by 20 – 25%. Interest rates will also follow the decreasing trend, that started towards the end of 2009, with a drop between 0.5 and 1%, with some leva mortgages even reaching 1.5% drop. As a result of this decrease, interest rates are expected to be in the range of 7.25 – 7.75 % in Euro and 8.5 – 9.5% in leva, it was claimed by the CreditCenter for the development of the mortgage market. During the course of last year, interest rates were in the range of 8.5 % and 95.% for credits is Euro and 9.5 – 11% for those in Leva. |
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21 January 2010 |
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