Irek Fayzullin, Minister of Construction and Housing and Utilities, suggested that Russian President Vladimir Putin include Russian-made furniture in the mortgage when buying a new building, Wrote agency TASS.
“To support residents and develop the timber industry, we ask you to support the initiative to purchase Russian-made furniture using mortgage funds when purchasing housing under construction,” Fayzullin said.
As the head of the Ministry of Construction noted, the initiative will reduce the cost of furniture for consumers by including it in the amount of housing loans. In addition, this situation will increase the demand for domestic products.
Last week, Maxim Genke, managing director of the Hoff retail chain, estimated By the end of 2023, a reduction in the cash turnover of the furniture market in Russia by 10-20% – up to 500-550 billion rubles. International sanctions can also cause a decrease in the domestic market of household goods to 250-270 billion rubles.
Earlier on February 11, the agency TASS, citing a study by Progorod WroteHe reported that in 2022, the average amount of mortgage loans in Moscow increased by 15%, reaching 7.42 million rubles.