There is a high probability of radical changes or even cancellation of the most popular preferential mortgage program – for new buildings at 8%, but the rest of the programs are likely to be extended after July 1,” says Professor at the Financial University under the Government of the Russian Federation, Alexander Tsyganov. “The President has directly instructed to extend the family mortgage program until 2030, with special attention to families with children up to 6 years old. For them, the preferential interest rate on the loan will remain the same – 6%. Special conditions may also be created for residents of small towns. Other preferential programs – Far Eastern, Arctic, IT mortgage, and mortgage for new regions, are also likely to remain, as they are largely social and targeted.
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There is a high probability of radical changes or even cancellation of the most popular preferential mortgage program – for new buildings at 8%, but the rest of the programs are likely to be extended after July 1,” says Professor at the Financial University under the Government of the Russian Federation, Alexander Tsyganov. “The President has directly instructed to extend the family mortgage program until 2030, with special attention to families with children up to 6 years old. For them, the preferential interest rate on the loan will remain the same – 6%. Special conditions may also be created for residents of small towns. Other preferential programs – Far Eastern, Arctic, IT mortgage, and mortgage for new regions, are also likely to remain, as they are largely social and targeted.