Pensioners will be able to mortgage their homes and receive income. The National Assembly approved the bill.
03-07-2026 13:19 Armenia Economy
Sputnik. The right of ownership over the property will be maintained during the contractual period.
Pensioners will have the opportunity to receive regular income by mortgaging their own real estate while continuing to live in their homes. The National Assembly approved the draft law amending and supplementing the Civil Code.
The legislative changes will introduce the institutions of "reverse mortgage" and "co-borrower's property rights" into the Civil Code of Armenia.
The draft will come into force on January 1, 2027.
Let us remind you that the "reverse mortgage" will allow pensioners to mortgage their own property—apartment, house, or garden—and receive regular income in return without making payments and while living in that house.
* This text was automatically translated by Artificial Intelligence (AI).
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