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A new type of mortgage will appear in Russia - EastRussia | Far East

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A new type of mortgage will appear in Russia

A new type of mortgage will appear in Russia
Photo: pixabay.com

In Russia, they want to issue a mortgage for individual housing construction (IZHS). Such an initiative was shown in the federal Ministry of Construction, where the corresponding document is being finalized.

As the "Russian newspaper", in February of this year, President Vladimir Putin instructed to develop measures to support individual housing construction. By 2024, at least 40 million square meters should be built annually in the country. meters of individual housing.

In addition to mortgages, the program for supporting individual housing construction will include the creation of the necessary infrastructure, including road construction, electricity, gas and water supply. The start of the program is scheduled for 2020 year.