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Wednesday, May 25, 2022
HomeEconomyIn Russia it allowed the introduction of preferential mortgages in the secondary...

In Russia it allowed the introduction of preferential mortgages in the secondary housing market

Russian Deputy Prime Minister Khusnullin allowed the introduction of preferential mortgages in the secondary housing market

Russian Deputy Prime Minister Marat Khusnullin said measures to support the real estate market could be extended to the secondary real estate market. He talked about this in an interview with RBC.

Khusnullin allowed the introduction of preferential mortgages in the secondary housing market in case the government, as a result of monitoring, corrects the lack of these measures. He recalled that the primary and secondary real estate market
connected, since Russians often buy apartments in new buildings and sell others.

The deputy prime minister noted that in 2021 in Russia, the down payment for the purchase of apartments in new buildings averaged 27 percent. This indicator indicates that citizens sought to improve their living conditions; for example, they sold a one-bedroom apartment to buy a two-bedroom apartment.

“Of course, when there are no market mortgages in the secondary market today, this will also slow down the primary market. We clearly understand this,” Khusnullin said.



Source: lenta.ru

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