The Russian Ministry of Finance plans to significantly reduce the share of concessional mortgages 01:28

The Ministry of Finance of Russia plans to significantly reduce the share of concessional mortgages in the primary real estate market. The newspaper reports this based on sources close to the ministry. “News”.

According to the publication’s interlocutors, the Ministry of Finance is developing proposals that introduce an integrated approach to preferential mortgage programs. According to the Ministry, favorable conditions should be provided to families who really need state support to purchase housing on credit and to representatives of targeted specialties (military and IT sector specialists).

Experts believe that it is extremely important to develop criteria for preferential programs to ensure that their total share does not exceed 25% of subjects in the primary housing market. Currently, the volume of preferential mortgage programs in the primary market is about 90%.

According to sources, Russian Prime Minister Mikhail Mishustin instructed the Ministry of Finance to form a working group with the participation of representatives from various ministries. In order to provide a solution to the imbalance problem arising in the real estate market, a common attitude should be developed by taking into account various suggestions.

Previously real estate expert Alexey Krichevsky statedThe increase in premiums for subprime mortgages, which will take effect March 1, will make this segment even less affordable for many borrowers, he said.

Previously Mishustin in the name Avoid excessive optimism.

What are you thinking?

Source: Gazeta


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