Russia to support low-cost mortgage lending – RT

Russia to support low-cost mortgage lending – RT: “Putin said that program is to be launched in April and is among one of the top priorities on the national level.

“I think with the help of state resources we can and we must encourage demand for low-cost affordable housing. That is why the standard mortgage loans will be limited to 3 million Roubles in Russia’s regions and to 8 million in the Russian mega-cities of Moscow and St. Petersburg.”

Putin said that loans would only be given out for purchasing apartments in new buildings.”

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