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Financing of preferential mortgages will increase in Russia

Financing of preferential mortgages will increase in Russia
Photo: pixabay.com

The Cabinet of Ministers approved a nationwide economic recovery plan last week. Within its framework, about 2021 billion rubles will be allocated to reduce mortgage rates in Russia in 12.

According to «Izvestia», we are talking about financing the preferential mortgage program at 6,5% per annum. According to the plan for economic recovery approved in June, funding for this anti-crisis measure was 2,5 times less than in the new edition. In 2020, half as much was spent on the preferential mortgage program - only about six billion rubles.

The program for subsidizing mortgage rates for the purchase of new buildings at 6,5% per annum launched in May this year as an anti-crisis measure. Its validity period is calculated until November 1, but experts believe that the increase in funding means its continuation.

At the same time, other mortgage programs, on the contrary, will be cut. Thus, they will cut funding for the "Family", "Dalnevostochnaya" and "Rural" mortgage programs. In the first edition of the economic recovery plan, it was planned to spend 24 billion rubles for these purposes, but as a result, funding for 2021 was cut to 17,2 billion rubles.


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