Government announces details of concessional mortgage financing

No time to read?
Get a summary

The Government of the Russian Federation allocated an additional 95 billion rubles to subsidize preferential mortgage programs. This was reported on the website of the Council of Ministers.

The statement stated that the additional financing is also associated with the increase in the key interest rate of the Bank of Russia. 27 October editor raised Key rate up to 15% per annum.

The order dated November 9 on the allocation of additional funds for preferential mortgages was signed by Russian Prime Minister Mikhail Mishustin.

It is stated that of the allocated amount, about 41 billion rubles will be provided to subsidize the Preferential Mortgage program, more than 46 billion to subsidize the Family Mortgage, and about 8 billion rubles to maintain the preferential rate for Far Eastern Mortgage participants.

On the eve of Prime Minister Mishustin reportedIn 2023, approximately 700 thousand privileged mortgages will be given to Russians. Authorities are trying to keep the loan interest subsidy program at 7% annually.

Previously, new building prices in 56 regions of Russia updated historical maximum

No time to read?
Get a summary
Previous Article

Some retirees are smiling: They will benefit from a 6,000-euro ‘super pension’ this November

Next Article

Gwyneth Paltrow took a selfie in bodysuit and diamonds