Construction: the decision to extend subsidies to mortgage rates adopted


MOSCOW, February 10. The decision to extend subsidies to mortgage rates adopted. This was announced at the conference “the outcome of the 2015 real estate market” organized by “Kommersant” newspaper, the Minister of construction and housing and communal services of Russia Mikhail Men.

“The decision to extend subsidies to mortgage rates adopted. There were many discussions, but what was the effect of the program at a relatively small public investment, helped to make the decision to renew,” said he.

According to the Minister, the program of subsidizing of mortgages extended until the end of 2016 with a limit of 16.5 billion rubles.

“Decided to extend the program (subsidizing mortgage rates – approx. ed.) until the end of 2016. Tentatively limit is 16.5 billion rubles, including maintenance of that subsidy, which was held in 2015”, – said the Minister.