Putin about the housing market: we should help companies to implement real estate

Putin about the housing market: we should help companies to implement real estate

The issue of real estate is very important, we need to resolve at the Federal and at the regional level, said Russian President Vladimir Putin.

MOSCOW, 1 Feb. The President of Russia Vladimir Putin declared need to help construction companies to implement built property, and individuals can help to buy it.

The Governor of the Kirov region Nikita Belykh was on Monday reported to the President that the situation on the real estate market in the region now are difficult, but the builders, he said, continue to work and hope that the measures that are being discussed now in the government, will lead to higher demand for housing.

“This is a very important question. Need at the Federal and at the regional level to help implement this housing: builders to help realize and help to buy,” said Putin.

The Governor expressed the view that if we can implement the Cabinet discussed measures, in particular related to the subsidization of mortgage rates, this should give the appropriate impetus and increase the purchasing power of citizens.

“Honestly, I expected that there would be a decrease in the delivery of housing, given that last year, 2014, was a record for all post-Soviet time. However, in 2015 we have increased by another 4% and handed over 712 thousand square meters of housing. It is, indeed, the result that since 1990, the Kirov region simply did not happen,” said White.

Speaking about the socio-economic situation in the region as a whole, White said that 2015 year was difficult, however, the index of industrial production increased in comparison with 2014 year and amounted to 103.5%. The growth, he said, was due to the manufacturing industry, including defense industry, chemical industry, food and woodworking.

Finance Minister Anton Siluanov earlier in response to the statement by Deputy Finance Minister Alexei Moiseyev about the termination from 1 may 2016 subsidy programmes rates of the mortgage promised that the government will develop new measures to support the mortgage. At the moment the government discusses the various options to support mortgage lending. According to the Ministry of Finance, for 2015 the citizens of Russia was issued 211 thousand mortgage loans for a total amount of 370 billion rubles.