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Mortgage Law in Moldova
Friday, June 27th, 2008June 27, 2008
Today, the Parliament of the Republic of Moldova adopted the Mortgage Law.
As it was reported in the Ministry of Economy and Trade of Moldova, the document defines the term “mortgage”, “mortgage construction”, “mortgage contract”, registration and upgrade of mortgage rights, possession, use and management of mortgage properties, transfer and concession of mortgage rights.
The Law defines the bases and procedure of termination and modification of mortgage, refinancing of mortgage loans, introduction of mortgage conditions for existing and future capital construction, as well as unfinished constructions, etc.
It is planned that the Law will act the foundation for mortgage loans development in Moldova. It should assure the creditors during the construction crediting process or while purchasing the apartments under construction. According to the authors’ opinion, the new law will increase the interest to mortgage financing in Moldova, and create conditions for loyal competition among mortgage creditors.
Source RBC
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Monday, April 21st, 2008
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Luxury Downtown Apartments Chisinau, Moldova
Thursday, April 10th, 2008Great investment opportunities arise in Chisinau, Moldova.
Here are some of them.
FOR SALE
1. 2-room elite apartment
(Income generating property)
An apartment in one of the most prestigious apartment buildings in the city downtown. Located 2 min walk from the main street
. The building was completed in 2003, as one of the first mortgage projects. The apartment is located on the 8th floor with a great view. Size: 96 sqm. Internal design completed in 2004. Fully furnished, self-heating, air-conditioning.
Presently rented to long-term tenants. Basic lease term expires in August, 2008. Building facilities: underground parking (additional), outside parking, security, building management, cable TV, Internet, spa and food market.
Floor plan and pictures
2. 3-room apartment Lara City
(Income generating property)
An apartment in one the most prestigious apartment building in the city. Located 2 min walk from the main street (see Map1). The building was competed in 2003, as one the first mortgage projects. The apartment is located on the 8th floor. Size: 125 sqm. Int
ernal design completed in 2004. Fully furnished, self-heating, air-conditioning.
Presently rented to long-term tenants. Basic lease term expires in December, 2008. Building facilities: underground parking (additional), outside parking, security, building management, cable TV, Internet, spa and food market.
Floor plan and pictures
Contact us for pricing and more details