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Izvestia: Russians under 35 will be compensated with half the rent – Rossiyskaya Gazeta

Date: June 19, 2024 Time: 14:21:10

The Ministry of Construction said that this program is designed to stimulate young people. So girls and boys can save for a down payment on a mortgage.

Only those who start saving money to buy an apartment in a new building will be able to count on financial support from the state. The parallel accumulation of funds is a prerequisite for the program, stressed the Ministry of Construction.

“In fact, the state helps to save for the down payment, while subsidizing the rental of housing,” explained the deputy head of the ministry, Nikita Stasishin.

Earlier it was reported that for the first time in the history of the Russian market, borrowers will issue housing loans in the amount of more than six trillion rubles.

It is reported that this year mortgage loans will exceed the record levels of 2021 by 10 percent. Over the past six months, banks have given Russians almost three trillion rubles, which will be used to buy real estate.

The demand for secondary housing has increased. In addition, more and more citizens prefer private construction.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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