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On Tuesday, Russian President Vladimir Putin launched an initiative to extend mortgages at a rate of 6.5 percent for the purchase of new buildings worth up to 6 million rubles (now 3 million), and in Moscow and St. Petersburg - up to 12 million (now 8 million).

In the first quarter of 2020, apartment prices in Singapore rose by 2.4 percent year on year.

On June 22, VTB launched its own mortgage program for families with children when buying an apartment in the primary and secondary markets.

The average mortgage rate in Russia fell in May to a new all-time low of 7.4 percent. A third of all loans last month were issued under a new preferential program for the purchase of apartments in a new building at 6.5 percent.

From January to March 2020, housing prices in Thailand rose by 5.69 percent year on year. This is a record high since the first quarter of 2018.

The Central Bank announced a reduction in the key rate from 5.5 percent to 4.5 percent, updating its historical minimum. The key rate was reduced immediately by one percentage point for the first time in five years.

More than half, or rather 59 percent, of 30-year-old Russians plan to buy their own housing in the near future, online polls show.

Sberbank has reduced the down payment on a mortgage with state support for the purchase of an apartment in a new building from 20 percent to 15 percent of the property value.

The Thai government has decided to reduce property tax by 90 percent for the whole of 2020.

Mortgage rates in Russia have reached their lowest levels since 2018. According to Dom.RF, the average weighted offer rate of the top 15 mortgage banks on market products for new buildings is 8.48 percent, for finished housing - 8.72, for refinancing - 8.57.

The commercial real estate market, which has been hardest hit by the coronavirus pandemic, is recovering amid the gradual lifting of restrictive measures.

The Russian government plans to reduce the requirements for the down payment under the state programs of preferential mortgages. The down payment is planned to be reduced from 20 to 15 percent of the cost of the purchased apartment.

The cost of apartments in new buildings continues to grow, despite a significant drop in the number of transactions and the self-isolation regime due to the coronavirus pandemic.

During the period of self-isolation, representatives of the younger generation turned out to be the most active buyers of apartments in the secondary real estate market.

The Association of Russian Banks announced the expediency of canceling the requirement for compulsory insurance of property pledged under a mortgage agreement.

The average cost of residential property in Canada has fallen by 10 percent since February this year, from $539,720 to $488,200. This data is provided by the Canadian Real Estate Association.

The Bank of Russia is working on the launch of a digital mortgage on the domestic blockchain platform. Relevant proposals have already been sent to the government and Rosreestr.

The Russian mortgage market shows growth in May. The number of loans issued for the purchase of an apartment will be higher than in April, when the restrictions were in effect.

Oleg Zhimanov, expert of the Public Chamber of the Novosibirsk Region, director of the franchising department of GZhA.rf and player of the Novosibirsk Hockey team, spoke about how Novosibirsk hockey continues to live in quarantine mode.

The number of calls to the sales offices of St. Petersburg developers in May rose to the high figures of the same period last year.