Mishustin approved the program of preferential mortgage in Russia

Preferential mortgage at 6.5 percent per annum for new buildings will ensure the results up to 250 thousand housing loans. Rate retained for the duration of the contract. The programme will run until November 1.

This format applies to mortgage housing loans to 8 million roubles in Moscow and St. Petersburg and up to 3 million in the other regions of the country. The minimum contribution is 20 percent.