home purchase – Albanian Telegraphic Agency.

Interest rate on household loans decreased to 6.38%

Atila Kota — Thu, 07 Oct 2021 15:56:42 +0000

TIRANA, Oct.7 /ATA/ In the first eight months of this year, the interest rate on new loans in Albanian lek to households decreased to 6.38% compared to 6.55% in the same period last year.

While, the average interest rate on household loans in euro decreased to 3.56%, compared to 3.66% in the first eight months of 2020.

The Bank of Albania-BoA announced today that, the decline in the average interest rate on loans to households is mainly determined by the loan for the housing purchase.

According to the BoA, the average interest rate on housing loans decreased to 3.41%, compared to 3.69% in the first eight months of last year.

Loans for home purchase is also the product with the main weight in the loan portfolio for individuals, with 65% of the total value. //a.i/

BoA: About 60% of real estate transactions financed by loans

Atila Kota — Fri, 23 Jul 2021 16:03:54 +0000

TIRANA, July 23/ATA/ Albanian households are seeing the real estate market as a good investment for the future.

The Bank of Albania-BoA announced on Friday that, about 60% of real estate transactions have been financed by loans.

According to experts, the banking sector is supporting the new cycle of growth of the real estate market, which was not affected by the pandemic, but received a further boost since mid-last year.

The Bank of Albania announced that, 40% of real estate sales are carried out in the most preferred areas of the city. Tirana leads with the highest sales, followed by Vlora, Durrës.

At the end of May, the bank loan portfolio for home purchase reached ALL 133.5 billion or almost EUR 1.1 billion. //a.i/