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Issue №9. December 2006

Mortgage Credit System of Kyrgyzstan: An Analysis

Zhibek N. Omurova

Graduate student, Jusup Balasagyn Kyrgyz National University.

The development of mortgage system is especially urgent in modern economic situation — it will, on the one hand raise the demand for realty and expand the residential development. On the other hand, it will improve the living conditions of the citizens, which will affect the social conditions in the country positively. The experience of the developed countries shows that such mechanisms can be highly effective, though in Kyrgyzstan its development is only starting.

Keywords

Kyrgyzstan, mortgage, economy.

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