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Since April Mortgages – exclusively for the purchase of apartments in new buildings
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Prime Minister Vladimir Putin held a meeting on the implementation of priority national projects, which addressed the support of mortgage lending. Prior to the meeting head of Russia’s cabinet ministers visited Tyumen high school, where ninth-class mathematicians solved the problem, the quest for buying real estate on credit. To solve such problems in reality – not an easy task, and the authorities are trying to make housing truly affordable for citizens. In particular, lowering mortgage rates and housing costs. On Friday, Prime Minister announced a new mortgage solution – soon to take a loan to buy a flat it will be only for the purchase of square meters in new buildings.
“This program should be launched in April”, – Putin said during the meeting. He stressed that “today, new apartments are cheaper than similar housing in the secondary market.” Where does the government such information, he explained.
Say goodbye to the “secondary” mortgage, the government plans to not only ease the burden of loan borrowers, but also help builders. “Thus, we are seriously support the housing and stimulate the launch of new construction projects”, – Putin said.
The prime minister said, in 2007-2008 has been allocated 820 thousand mortgage loans amount of 1 trillion 200 billion rubles. This, Putin said, allowed for the construction of 61 million sq. meters and 64.1 million square. meters of housing in 2007 and 2008, respectively. In the past year, reminded the head of government, the real estate market have been falling, but it was built 59 million residential “squares”.
also told the prime minister, planned to limit the maximum size of a standard mortgage. In general, Russia’s “ceiling” should reach 3 million rubles. But for Moscow and St. Petersburg – 8 million rubles. Putin also recalled that the VEB and the National Welfare Fund were provided to support a mortgage of some 250 billion rubles.
Also, the Premier said that the initial installment be not more than 20% of the apartments. At the same time, he said shortly, and this option will be reduced to “around 15 %”.
Putin also once again expressed the view that the interest rate on the mortgage should not exceed 11% per annum, and in the years to banks, which enjoy public support, will have to lower the rate to 6%.
