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26.07.10 12:06
Increasing number of Turkmen citizens build houses using long-term soft loans
The number of Turkmen citizens who wished to build houses using long-term soft loans has sharply increased in recent time. This was reported Vice-Premier Tuvakmamed Japarov at a regular meeting of the Cabinet of Ministers.

It should be recalled that citizens of Turkmenistan are provided with free land for private ownership from a special fund of land for construction of individual houses along with an official property act. Individuals may receive preferential mortgages for 30 years with an annual interest rate of 1 per cent for house construction or purchase of apartments in the new low-rise residential buildings in rural areas.

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