the Average rate on housing loans in Russia could fall below 8 percent per annum in the current year 2020, said Deputy Prime Minister Marat Khusnullin at a meeting of the presidential Council for strategic development and national projects on Monday, July 13, reports “Interfax”.

“this year We figure that was laid in 2018 to reduce mortgage rates below 8 percent has already been exceeded, despite all the difficulties”, — said the official. He said that launched in the spring of 2020 the program of preferential mortgage at 6.5 percent strengthened the construction industry in crisis.

the fact that by the end of 2020 the average rate on mortgages in Russia will be reduced to a record rate of 8 per cent per annum, earlier in July, said the head of the company “House.of the Russian Federation,” Vitaly Mutko. He noted that 8 percent “is, at the moment, target 2024”, thus emphasizing that the housing loans will drop prematurely. In “The House.Russia” expect that the total volume of mortgages in Russia in 2020 will amount to about 2.6 trillion rubles.

the Decline in average mortgage rates to 8 percent by 2024 is provided by the national project “Housing and the urban environment”. According to the passport of the national project, in 2019, the average interest rate on the mortgage was to be 8.9 percent in 2021-m — 8.5%, 2024-mu — 7.9 percent.