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Demands to reduce interest rates on housing loans

(File Photo: Jordan News)
AMMAN— The head of the Housing Investors Association, Kamal Al-Awamela, said that the high interest rates on housing loans have become a burden on people as they are unable to pay in light of the low incomes and the rise in living requirements in general, according to Khaberni News.  اضافة اعلان

Awamela added that there are continuous demands to reduce bank interest on housing loans, as it is within the social responsibility of the state, and measures shall be taken to reduce interest rates, especially for young people.

He pointed out that the continuous increases in the interest rate will lead to a decline in investment in the real estate sector, and the accumulation of funds in banks, especially in light of bureaucratic procedures by the authorities concerned with licensing.

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