On August 18, Russian Prime Minister Mikhail Mishustin approved the idea of changing the conditions for issuing preferential mortgages at 2% per annum, expanding them for the purchase of apartments in the secondary rural market in the Magadan region and Chukotka.
“Since all such proposals are expressed, I think we need to support. <...> Thank you, agreed. We will then draw up all the documents, we will make the appropriate changes to the regulatory framework, “TASS quotes Mishustin as saying at a meeting with participants in the Far Eastern Mortgage program in Blagoveshchensk.
Deputy Finance Minister of Russia Alexei Moiseev said in mid-July that the Ministry of Finance is considering the possibility of expanding the Far Eastern Mortgage program for secondary housing.
A month later, the Russian government published a draft resolution that expands the terms of the program to a number of territories in the Far East, where young families can purchase housing on the secondary market.
The Far Eastern Mortgage preferential program was launched on behalf of Russian President Vladimir Putin as part of the Demography national project. It provides for subsidizing the interest rate of up to 2% per annum on mortgage loans for the purchase of housing by young families in the Far East or the construction of a house on a land plot under the Far Eastern Hectare program.
According to the latest data, about 83 thousand Russians took advantage of the Far Eastern Hectare program, who received a total of 53 thousand hectares, Gazeta.ru writes.