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Armenia’s mortgage market grew by 40 percent in 2019

12.03.2020 15:47

Armenia’s mortgage market grew by 40 percent in 2019

YEREVAN, March 12. /ARKA/. Armenia’s mortgage market in 2019 grew by 40% or 165 billion drams, a member of the Central Bank Board Martin Galstyan said during a televised interview on the Public Television on March 10.

According to him, the growth was driven largely by the programs of the Central Bank and the government, designed to encourage young families to buy home, which led to a certain activation of the market and rising prices.

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