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Mishustin urged to reduce mortgage rates
Prime Minister Mikhail Mishustin called the mortgage in Russia very expensive and called on the government to change this situation. He charged below 8% to make bets.
The head of the Cabinet of Ministers at a government meeting said that it was necessary to ensure that banks did not have the opportunity to roll up rates. To do this, you need to optimize operating costs and internal reserves of banks, clarify the rules for lending to developers and reduce the cost of funding. Mishustin also called for creating additional incentives for the development of housing construction - to provide developers with land, to provide engineering training for the territory.
According to the prime minister, the active use of modern technologies and the simplified access of companies to the construction market will help reduce the rate. As part of the newly created commission for cooperation with the Bank of Russia, Mishustin asked to analyze the situation and submit relevant proposals to simplify the procedure for refinancing mortgage loans.