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Putin approved a mortgage at 2% for the Far East - EastRussia | Far East

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Putin approved a mortgage at 2% for the Far East

Putin approved a mortgage at 2% for the Far East
Photo: pixabay.com

Russian President Vladimir Putin at a plenary meeting of the Fifth Eastern Economic Forum announced that he approved the idea of ​​providing preferential mortgages for residents of the Far East. They will receive a loan at 2%.

“The first key task is to support young people. I agree to launch a special mortgage program at 2% per annum. Recently, we introduced a preferential rate for the Far East under 5%, but yesterday my colleagues convinced me that this is not enough, ”Vladimir Putin said.

He noted that such a program is being done only for the Far East. It will not be distributed to other regions, otherwise this measure to attract people to the Far Eastern Federal District will lose its meaning.

“I propose launching the program this year, and with rock for five years, we will need to carefully consider the sources of financing and terms for the future,” the president said.

The support measure will be applied when purchasing housing in the primary market, and owners of “Far Eastern hectares” will also receive preferential loans for the construction of individual housing. The program will be financed from the state development program of the Far East, as well as from the Far East Development Fund.