There will surely be demand for “family mortgages” in small cities, as well as “family mortgages” for the construction of individual homes, even in rural areas.
“We believe that this decision will lead to the fact that now, when the volume of mortgages in large cities decreases, a number of developers who, due to low margins, did not go to small cities, will create supply there. We believe that this mandatory measure will boost the development of small cities,” Khusnullin said.
As Russian President Vladimir Putin said at the SPIEF plenary session, the Family Mortgage program has been extended until 2030: all Russian families with children under 6 years old can receive a preferential loan at a rate of 6%. “Here I offer an additional special solution in the social sphere for families who live or want to buy housing in small cities or in regions where the volume of housing construction is still insufficient. Families with two children can benefit here. of a family mortgage at 6%, regardless of the age of the children. The only condition is that at least one child in the family is a minor at the time of applying for the mortgage. And the same preferential mortgage conditions will be maintained. It is applied in all regions of Russia for all families who want to build their own house. “This is especially important for large families with many children.” The government should launch such a program from July 1 this year.
The government has not yet published a document on the new conditions of the Family Mortgage. Until the end of June, the above program is in effect: families with two minor children, families with a child born in 2018-2023 and families with a disabled child can receive preferential loans at a rate of up to 6%.
