The Russian government plans to allocate 20 billion rubles to subsidize mortgages and reduced rates for those who are planning to purchase a house in a new building or a newly built house. Thus, banks will be compensated by 5-6 percentage points rate.
On the eve of the situation in the mortgage market was discussed at a meeting chaired by Prime Minister Dmitry Medvedev. Banks finally will be able to lower their interest rates on loans. The government will take the money from the state program “Housing” and the anti-crisis fund of the government.
This idea was approved by the Prime Minister, to subsidize mortgage is planned to allocate 20 billion rubles, which will issue 400 billion rubles. preferential loans at the rate of 13% per annum.
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