Mortgage at two per cent triggered the rise in housing prices in Russia

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www.vsyako.netPhoto: Alexander vilf / RIA Novosti

The greatest number of applications “far Eastern mortgage”, which rate is 2 percent per annum, is served in Primorye. With the beginning of the issuance of preferential loans in the region recorded growth of housing prices, reports “Interfax” with reference to the Plenipotentiary representative of RF President in the far Eastern Federal district Yuri Trutnev.

According to officials in the Primorye territory since the start of the program (six weeks) was more than 1.7 thousand applications for preferential mortgage. “It says that “far Eastern mortgage” in demand that people want in Primorye, to live, to build housing. 378 signed loan agreements for 1.3 billion rubles. The majority of loans granted for housing in Vladivostok,” — the Agency quoted Trutnev.

If the implementation of the program of preferential lending will continue to provoke the rise in housing prices, it negates its favor, said the presidential envoy. “I am confident that today’s prices should not rise, but rather to significantly decrease”, — he stressed.

Only from December 2019 in the Russian far East made more than 7.8 thousand of applications for mortgages at 2 percent, approved almost 5 thousand of them, said Trutnev. 983 issued a loan in the aggregate by 3.45 billion.

Preferential mortgage at two per cent per annum began to issue in the far East from December 2019. For housing loan can appeal to young families and recipients of land in any entity of the Federal district in the framework of the program “far Eastern hectare”. The term mortgage payment by up to 20 years with up to 6 million rubles. To issue the mortgage at a reduced rate will be in five years. Borrowers can buy an apartment on the primary market or to build on the funds of the house.

Video, photo All from Russia.

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