Putin has announced a new program of preferential mortgage

the Mortgage at a reduced program can be taken at 6.5% annually, said Russian President Vladimir Putin.

new preferential mortgage it is necessary to allocate 6 billion rubles in 2020. For housing and credit at reduced rate can apply until 1 November 2020.

“Like many other industries, the construction sector is facing objective difficulties. Chief among them is the fall, the contraction of demand. Thus, the growth of mortgages in the first quarter of this year, now gave way to decline,” — said Mr. Putin at a meeting on the development of the construction industry.

it is Noted that the current average mortgage rate of 9% in the current environment is daunting for most citizens. The growth of mortgages in the first quarter of this year, now gave way to decline, he said.