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The program of preferential mortgages at 6,5% was extended in Russia

The program of preferential mortgages at 6,5% was extended in Russia
Photo: pixabay.com

The preferential mortgage program at 6,5% per annum was extended in Russia until July 1, 2021. Prime Minister Mikhail Mishustin announced this at a government meeting.

According to the head of the Cabinet of Ministers, the program was originally designed 1 to November, however, it has proven itself well, a large number of families have taken advantage of it, so the federal authorities decided to extend its validity.

As Deputy Prime Minister Marat Khusnullin noted, now the program accounts for more than 90% of all loans for new buildings. During its implementation in Russia, more than 230 thousand loans were issued for 670 billion rubles. September turned out to be a record one - banks issued about 60 thousand loans. The residents of the country gave over 100 billion rubles as initial contributions.

According to the government's estimates, the extension of the preferential mortgage program will make it possible to improve housing conditions for another 152 families by the end of the year. The country's economy will receive another 300 billion rubles. According to Khusnullin, the extension of the program until July 1 will make it possible to improve their living conditions in total for 600 thousand families in the amount of about 1 trillion 850 billion rubles.

The Deputy Prime Minister also said that the preferential mortgage has already made it possible to fulfill the presidential decree on reducing the average mortgage rate below 8% by 2024. Now the average rate in the country is 7,5%. Also, the extension of the program, according to the estimates of federal departments, will bring the budgets about 100 billion rubles in additional taxes and save thousands of jobs.

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