Video Interview: Why Mortgage Rates in Uzbekistan Are High and When They Will Decrease
The average mortgage interest rate in Uzbekistan stands at 25%. How mortgage costs are formed, why they remain high, how they can be reduced, and when this might happen – in an interview with Alexey Letunovsky, Head of the Analytical Group at Commonwealth Partnership Uzbekistan.
Mortgage is a driver of economic development and a social benefit. However, with an average interest rate of 25%, the latter characteristic is unlikely to describe this financial instrument.
Alexey Letunovsky, Head of the Analytical Group at the consulting company Commonwealth Partnership Uzbekistan, explained to Gazeta.uz how mortgage costs are formed. He also discussed why rates in Uzbekistan remain high, how they can be lowered, and how buyers' interests can be protected, as well as when a decrease in mortgage rates can be expected.
Source: Gazeta.uz
