Bank of Albania: Housing loans growing

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Loans for house purchase in lek marked a slight increase in June of this year, after a contraction in the period March-May due to the closure of some of the economic alternatives from the situation created by Covid / 19

The Bank of Albania announces that the cost of credit to own an apartment continues to remain close to the average level, but the trend in the medium term presents a progressive growth perspective.

According to BoA statistics, the average annual credit rate in June was 3,65%, up from 3,55% the previous month and 4,21% in April, when the pandemic situation left the housing market in suspense.

The dynamics of transactions in the housing market seems to be beginning to revive, thanks to the easing monetary policy undertaken by the Bank of Albania.

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