On Thursday, October 22, Russian Prime Minister Mikhail Mishustin announced the decision to extend the preferential
mortgage program at 6.5 percent to 1 July 2021.
The extension of the program will make it possible to issue another 600,000 loans for 1.8 trillion rubles, of which 152,000 loans for 303 billion rubles can be issued before the end of this year, the government said.
Preferential
mortgage is issued for
purchase apartments in new buildings. The maximum loan amount for residents of Moscow and St. Petersburg, as well as the Moscow and Leningrad regions is 12 million rubles. For other regions - 6 million rubles. The down payment must be at least 15 percent of the cost of the apartment.
The program
mortgages with state support started working in Russia on April 17 and originally scheduled for November 1st. Now it accounts for more than 90 percent of all loans that Russians take for
buying apartments in new buildings. Over the past six months, more than 230,000 loans worth 669 billion rubles have been issued. September was the record month, when more than 60,000 families were able to get
mortgages. purchase of apartments in new buildings. Over the past six months, more than 230,000 loans worth 669 billion rubles have been issued. September was the record month, when more than 60,000 families were able to get
mortgages. purchase of apartments in new buildings. Over the past six months, more than 230,000 loans worth 669 billion rubles have been issued. September was the record month, when more than 60,000 families were able to get
mortgages.
