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To support the industry, the company will purchase from construction companies yet unclaimed due to the fall in demand for real estate apartments. This from the budget allocated 50 billion rubles.

“support Measures will be of Federal level, they will affect the construction companies that are experiencing difficulties in different subjects of the Russian Federation”, – said General Director of the HOUSE.Vitaly Mutko. According to him, the purchase of new housing will not only support the market, but will also contribute to the implementation of the national project “Housing and the urban environment”. “Therefore, the HOUSE.Russia is ready to expand the President of Russia announced the program for another 100 billion rubles. We sent to the Ministry of Finance and Ministry of construction of Russia a draft resolution, and hope that the proposals will be considered,” – said Mutko.

To implement the program in the near future will be created closed mutual investment Fund of real estate. The minimum amount of transactions between the Fund and the Builder will be 100 million rubles.

it is Assumed that the HOUSE.Russia will be able to redeem at builders of apartment houses belonging to the standard housing, with the condition that the building must be commissioned prior to 30 June 2021. According to the company, may be redeemed up to 3 million square meters of housing.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.