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They want to fix the cost of square meter on Sakhalin

They want to fix the cost of square meter on Sakhalin
Photo: sakhalin.gov.ru

The authorities of the Sakhalin Region plan to fix the cost per square meter of housing in the framework of the "Far Eastern Mortgage". This will help prevent a possible price spike in the housing market, which is predicted by the availability of affordable loans.

According to the press service of the regional government, it is planned to conclude agreements with developers and designate in them a fixed cost of "squares". The greatest demand for apartments is expected in the southern part of the island, therefore, construction sites were prepared in Yuzhno-Sakhalinsk, Aniva, Troitskoye and Novo-Troitskoye villages in the Anivsky district.

It is planned to build more than ten thousand apartments. Auctions will begin in the second half of 2020. After the launch of the program in the Sakhalin Oblast, 759 applications were filed for a “Far Eastern mortgage”. 202 loans have already been issued, the total amount of borrowed funds amounted to 980 million rubles.

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