Prime Minister charged to analyze hypothecary debtors' problems
Almaty. August 4. Kazakhstan Today - The Prime Minister of Kazakhstan, Karim Masimov, charged the chairman of Association of Financiers of Kazakhstan, Serik Ahanov, to analyze problems of hypothecary debtors. The Prime Minister of Kazakhstan stated on Saturday during the meeting on state of affairs in housing construction with participation of equity shares in Almaty, the agency reports.
"We have sent to the government the requirements about revision of our credits and reduction of our interest rates ... We cannot pay current percent, which is overestimated. We ask to introduce moratorium for three years until we are able to pay," participants of the movement informed.
K. Masimov charged to find out within two weeks what it is all about, who and how much money is involved."
As it was informed earlier, the movement Houses for People has been created in Almaty. Representatives of the initiative group informed that on the peak of increase of prices for real estate they have bought apartments under hypothecary programs, but for the time being due to financial crisis in the country and their own material problems they cannot pay monthly payments to the banks.
The movement participants have written letters to the President and the government of Kazakhstan asking to help to solve the problem of thousands of debtors. In the letters they require, first, to reconsider cost of mortgaging apartments and to recalculate it in accordance with today's prices for the real estate. Secondly, the movement participants ask to lower rates of hypothecary credits up to 5 % annual. And, thirdly, they require delaying payment of credits for 2-3 years until the crisis is over and small and medium business will again start making stable profit.
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