In the first half of this year residents of Azerbaijan have taken mortgage loans worth 56.5 million manats (about 53.8 million dollars) from the Azerbaijan Mortgage Fund (AMF), the Central Bank of the Republic reports.
This is 4.2 million manats (7%) less than in the same period last year.
At the same time, in June the average loan size increased in comparison with 2014 by 1.7% and amounted to 40,584 manats.
The average interest rate on mortgage loans amounted to 6.73% in June 2015.
Monthly payments on mortgage loans in June amounted to 297.4 manats (283 dollars), Sputnik Azerbaijan reports.
