EghtesadOnline: A total of 9,070 loans from the resources of the "Housing Savings Account" scheme of Bank Maskan, the agent bank of Iran’s housing sector, were granted to applicants planning to purchase new homes in undeveloped urban areas in the last fiscal year (March 2018-19).
EghtesadOnline: The number of accounts opened with Bank Maskan, the agent bank of the housing sector for home loans, under the so-called "Housing Savings Account" scheme, registered an average weekly decline of 62% in the nearly first half of the current fiscal year (started March 21) compared with the same period of last year to reach 1,500 new accounts per week, an official with the bank said.
EghtesadOnline: Bank Maskan, the agent bank of Iran's housing sector, has paid a total of 89,000 billion rials ($760.68 million) in home loans under the Housing Savings Account scheme since its launch in June 2015.
EghtesadOnline: Resources of Bank Maskan’s Housing Savings Account, the mortgage loan program of the state-run bank, reached 87.56 trillion rials ($729.74 million) by the end of the Iranian month Dey (Jan. 20), registering an 8.5% rise year-on-year.
EghtesadOnline: The Housing Savings Account scheme, the mortgage loan program of the government-owned Bank Maskan, once acted as a stimulus for the housing sector, but not anymore.
EghtesadOnline: Latest figures from the Housing Savings Account, Iran’s cheapest homeownership initiative, show that it has managed to attract more deposits than it had initially targeted.
EghtesadOnline: More than 480,000 people have opened Bank Maskan’s Housing Savings Account that offers Iran’s cheapest home loans since its inception about three years ago, the bank’s chief executive said.
EghtesadOnline: Mortgage loans for homes located in dilapidated parts of cities accounted for 13.2% and 13% of the total number and value of home loans, respectively, following a popular mortgage initiative by May 21, which marks the end of the second Iranian month.