Turkmen president allows private housing construction
Turkmenistan, Ashgabat, July 30 / Trend H. Hasanov /
Turkmen President Gurbanguly Berdimuhammedov allowed private housing on the basis of contracts with citizens and local administration. He authorized a number of banks to provide preferential loans, official Turkmen source said.
The document stated that it is done to further improve the housing of the population.
Private enterprises are allowed to build private houses on the basis of tripartite contracts on the appeals of citizens in local administration.
Authorized banks of Turkmenistan can allocate loans at 7 percent to construction companies.