East Coast Demerara : The Ministry of Housing has distributed 1000 house lots yesterday at the New Eccles Scheme, East Bank Demerara which includes residential and commercial zones, shopping mall, call centres and industrial facilities.
Hundreds of persons turned up at the Guyana National Stadium to get their house lot number and President Bharrat Jagdeo encouraged the people not to procrastinate but to build their dream homes.
Commercial banks have made mortgage financing reasonable as loans are now offered with interest rates as low as five percent. This offer, according to President Jagdeo, “allows a lot of people who borrow money to be able to pay back the loans at a rate that is often below what they are paying to rent and that is why ordinary people can now afford a house.”
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