“We believe that a family mortgage is just an example of a selective mortgage. The non-selective preferential mortgage, which was launched as an anti-crisis measure, must be completed in July, and the parameters of the family mortgage require discussion. First of all, it will be a decision of the government,” Nabiullina said.
According to the head of the Bank of Russia, the regulator sees risks of overheating in the mortgage market, even despite the slowdown in the growth of housing loans.
Earlier, Finance Minister Anton Siluanov confirmed that the government had put forward proposals to change the parameters of preferential mortgages. “You saw that mortgages are heating up, everyone is talking about it. Therefore, we need to take some cooling measures so that there are no “bubbles”. We are regulators of this market and we must make informed and balanced decisions so that the ” The market develops, but without sharp jumps up and down. Therefore, what we have proposed now are elements of stabilization of this market, so that there is no volatility in this sector,” said the minister. In particular, it is currently proposed to increase the initial payment of a preferential mortgage from 20% to 30%. %.
It is understood that if there are no extensions, the preferential mortgage program must end on July 1, 2024.
