He said that extending the family mortgage in Russia will not affect the cost of housing in any way kp.ru Alexey Zubets, Doctor of Economic Sciences, Director of the Socio-Economic Research Institute of the Financial University under the Government of the Russian Federation.
He also emphasized that government-backed mortgages with an annual rate of 6 percent will be in particular demand due to the end of concessional mortgages at 8 percent.
“On the contrary, for the housing market this will be an additional support against the background of overproduction. A lot of housing is currently being built, but they cannot be sold due to high prices,” added Igor Varyash, head of the Financial Research Analytical Center of the Financial Research Institute of the Ministry of Finance.
According to experts, family mortgages will have a positive impact on the birth rate in the country, as well as on the construction of new housing.
Russian President Vladimir Putin in his speech to the Federal Assembly on February 29 offered Extending the Family Mortgage program until 2030. Putin also proposed extending the mortgage repayment program and the maternity capital program for families with three or more children until at least 2030.
previously economist appreciated Request for family mortgage if extended until 2030.
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Source: Gazeta
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