Revision of preferential mortgage terms is possible in the near future – Ministry of Construction of the Russian Federation

This was stated during a briefing by Deputy Minister Nikita Stasishin. Initially, when the decision was made to raise the preferential mortgage rate from 7 to 12% for primary housing and increase the limits, it was intended to assess the results a month after issuance began. Now, especially against the backdrop of the Central Bank of Russia's key rate reduction, correction of the program has become possible.

Currently, a weekly analysis of the real estate market and an assessment of mortgage demand among citizens are being carried out. The program is overseen by Deputy Prime Minister Marat Shakirzyanovich Khusnullin. The main goal set by the president for the ministry is to prevent a decline in the volume of mortgages issued in 2022 compared to the previous year, as well as to maintain the pace of housing construction.

Recall that the terms for rural, Far Eastern, and family mortgages have not changed, and the preferential primary mortgage program is valid until July 1, 2022.