The mortgage subsidy faces obstacles, some laws are publicized long before it is made their application on the ground. Nearly one year after the notification of this provision in good and due form in the grind of the CFL in 2009, its implementation remains problematic.

The same provision is however still under discussion and the last event selected to the agenda is the consolidation of the CPA and banking industry officials housed the luxurious. Meanwhile, the PSC is working “through several scenarios of financial packages to identify the most appropriate formula to even address the real-time application of this new form of lending for real estate once the green light is given by the Ministry of Finance, will advise a senior member of the PSC contacted by us.

In other words, there are still blocking elements that prevent the entry into force of this provision of law whose beginnings date back nearly a year. The explanation that was given to us yesterday by our sources at the PSC about “excessive delay” made in the implementation of the provision of subsidized interest loans for real estate shows Algerians will still have to wait long to be the beneficiaries of this new formula.

Our interlocutors have informed us that the Ministry of Finance “officials of the department currently settlement to the classification of rural areas in Algeria. This assumption that the new funding formula includes the provision of housing subsidized loans for self-help housing in rural areas should be distinguished from urban areas or the same formula will apply only in transactional operation of housing New. “

In this exercise on the need to make the distinction between rural and urban centers, many parameters need to be taken into consideration, we says goes. The first of this set of parameters reflects the idea that “a rural area of the country must not contain in excess of 5,000 inhabitants, contrary to an urban area that is under review and if it meets the minimum population figure.

When will the bonus credit?
To date, none of the executives of banks can not accurately answer this question. While this new form of lending at interest subsidized development specifically to stimulate the housing market and promote access to housing must know its kickoff last week, banks, financing structures with which is expected to launch, are still awaiting the green light from the Ministry of Finance.

The Algerian daily a little impatient and they are more likely to watch for any information. They are concerned that their expectations and their hopes for a home purchase through this new financial evaporate, giving way to deep disappointment. A legitimate fear given the unavailability of housing stock to succeed in this new transaction bonus credits.