Applications for project "Buy a House, Buy a Flat" can be submitted as of Wednesday. Applications will be submitted to banks by March 1, whereas the first credits are expected to be paid in early April.

The project is intended for all citizens, especially for families on a low-income.

A campaign will be launched in all major cities in Macedonia in order the citizens to be better informed on the project.

The project enables a credit to be obtained for purchasing an apartment or a house. There are two options. One option, the so called "50/50 installment", offers the government to provide finances for half of the monthly installment of the home loan for five years. The second one - "equal participation" - the state will pay 50% of the credit. Those citizens willing to use the first or second model need to meet several conditions - the credit to be less than 50.000 euros with a payment deadline of 20 years, their incomes to be less than 900 euros and the values of the flat or house not to be more than 900 euros per square meter.

Applications can be submitted in Stopanska Banka Skopje, NLB Tutunska Banka, Ohridska Banka, Sparkasse bank, TTK bank, Alpha bank, ProCredit bank and Stopanska Banka Bitola.