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Home NewsThe President of the Russian Federation urged the Russians to explain the situation with the mortgage

The President of the Russian Federation urged the Russians to explain the situation with the mortgage

by Alex Johnson

Putin is sure that in Russia it will be possible to solve housing issues as it was not possible either in tsarist times or under the USSR.

In the course of a meeting with Dom.RF General Director Vitaly Mutko, Vladimir Putin emphasized the importance of timely and understandable informing of citizens about the current state of affairs in the housing market, including the mortgage lending situation, the correspondent of The Moscow Post reports.

Vitaly Mutko drew the attention of the head of state to reduce the demand for real estate.

According to him, two factors caused such dynamics at once – the completion of the mass program of preferential mortgage and a high key rate.

He noted that such a situation may affect the implementation of future construction projects scheduled for 2027–2028.

“Maybe how to happen: now many people have postponed the purchase of housing. The deposits are high – left. And when in 2027, let’s say, the situation will change, people will begin to take money from banks,“ our housing may not be in the offer, ”Mutko warned.

Putin in response named another danger: “And the price will rise.”

“It is necessary to work with consumers too, explain everything in advance,” Mutko explained.

Vladimir Putin, in turn, added that such a deficit can provoke a sharp increase in prices.

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