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Rural mortgage will be launched in Russia in 2020
In Russia, they want to launch a rural mortgage program. It will begin to operate from the beginning of the 2020 year and will not exceed 3% per annum. In the case of co-financing from regional budgets, the percentage can be reduced to 0,1.
As the Interfax, Sberbank and Russian Agricultural Bank will participate in the creation of the mortgage product. The minimum payment will be 10%, the money can be used to build a private house in the countryside. As stated in the Ministry of Agriculture of Russia, the budget has already laid one billion rubles for these purposes.
The authorities see difficulties in accepting a new mortgage product in the village, especially with housing loans. According to experts, a strong marketing company will be required for rural mortgages. The Ministry of Agriculture is confident that, thanks to a new measure of support, those who previously chose to live in the city will also be able to return to the villages.