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Mongolia offers low-interest mortgages to reduce urbanization

maart 27, 2023by Reacties uitgeschakeld voor Mongolia offers low-interest mortgages to reduce urbanization

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ULAN BATOR, March 27 (Xinhua) — Mongolia started to offer low-interest rate housing mortgages to reduce urbanization, local media reported on Monday, citing the country’s Finance Ministry.

Citizens who have moved from the capital city of Ulan Bator to other parts of the country and citizens living in rural areas can apply for a housing mortgage with an interest rate of 3 percent, the ministry said.

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