Ver Angola

Real Estate

State extends installment payment for housing areas to 30 years

The Housing Development Fund (FFH) standardized the payment period for the benefits of the beneficiaries of housing centralities in Angola, which allows the extension of the term to 30 years or equivalent to 360 installments, announced the Government.

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According to a press release from the Ministry of Finance, this standardization takes place under the respective purchase and sale contracts with resolvable property, and the beneficiaries, who initially initialed contracts with the extinct Fund for Assets for Housing Development (FADEH) and with the real estate companies SONIP and KORA request, in writing, the amendment of the contractual clauses.

The note emphasizes that this measure aims to make life easier for all beneficiaries with a promissory purchase and sale contract, in the form of resolvable property, which thus have the advantage of suffering a reduction in their benefits and, with this, adjusting the effort rate to the country's current social and economic conditions.

The institution is open to dialogue with beneficiaries, who are late in paying their benefits, as they are in difficulties.

"To these, direct contact with the FFH is recommended to regularize their situation, under penalty of this institution activating the sanctioning mechanisms provided for in the contracts and applicable legislation", warn the authorities, encouraging the fulfillment of the contractual and fiscal obligations that apply about heritage.

The Housing Development Fund is a public institution, under the supervision of the Ministry of Finance and that of Public Works and Spatial Planning, whose action focuses on fostering housing "in an agile, efficient and transparent manner, with the objective of ensuring rigidity and reliability to the resolvable property system and the promotion of the State's housing stock ".