Putin announces extension of Far Eastern mortgage program until at least 2030

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The Far East preferential mortgage program will be extended until at least 2030. This was stated by Russian President Vladimir Putin in his speech at the Eastern Economic Forum (EEF). informs DEA News”.

“Now both doctors and teachers can take out mortgages regardless of age. “The program is designed by 2024, I propose to extend it until 2030,” said Putin.

According to him, the Far East mortgage will be provided at the same rate, ie 2%.

The head of state added that an additional 5 billion rubles a year should be allocated to the renovation of the cities of the Far East.

August 18 Russian Prime Minister Mikhail Mishustin declarationThe concession loan program “Rural Mortgage” will be extended indefinitely, the rate will remain the same – 3%. According to him, residents of Russian villages will be able to apply for loans “without fear that they will not be on time before the completion of the program” to buy or build their own houses.

Before that, Mishustin said that the Russian government will transfer another 45.5 billion rubles for the implementation of preferential mortgage programs.

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