Yerevan, January 31 /Mediamax/. The government of the Nagorno-Karabakh Republic (NKR) approved the program of mortgage crediting.

As Mediamax was told in the press service of the NKR government, this is the first long-term programme, directed to improve the housing conditions of the citizens and to stimulate house-building in the republic.

In accordance with the programme, the amount of the mortgage credit will make up to 15mln AMD, but should not exceed the 80% of the sales value of the apartment or the construction of a separate house.

The credit will be granted for a 20-year term, at the interest rate of 6% per year.

The NKR Prime Minister Anushavan Danielian noted that soon a social mortgage program will come out, also directed to improve the housing conditions of the population.