Photo: Global Look Press
The real estate market has been revived thanks to the preferential mortgage program. Thus, the volume of housing loans issued under the Family Mortgage program in the first half of 2022 is 133% higher than in the same period last year. This was stated by Deputy Prime Minister Marat Khusnullin at a meeting with Russian President Vladimir Putin on Friday, July 29.
According to his assessment, in the current conditions, it is the opportunity to get a preferential mortgage that “begins to unwind” the real estate market. “Yes, we have not gained the necessary pace yet, but I can say that we are moving confidently on a family mortgage,” he stressed. — We have given out 220% more money on family mortgages than in the first half of 2021, and in quantitative terms on loans — by 133%. And now we see: it is gaining a steady pace in July.”
The Family Mortgage program makes it possible to provide housing loans at a rate of up to 6% per annum. It was launched in early 2018. The program makes it possible to buy an apartment on credit in a new building, issue a loan for the construction of a private house and the purchase of a land plot, as well as refinance an existing mortgage for housing on the primary market.
Earlier, at the same meeting with Vladimir Putin, Marat Khusnullin presented to the head of state a three—year “concept – master plan for the development of the city of Mariupol.” He asked the president to approve the proposed option so that it could be “considered with the leadership of the DPR and the residents” of the republic in the near future and, taking it as a basis, get to work. Vladimir Putin agreed with the proposed development plan for Mariupol.