In January-May 2022, more than 9.4 thousand preferential loans were issued in Moscow under the Family Mortgage program in the total amount of 76.3 billion rubles. This was announced on Tuesday, July 26, by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations, Vladimir Yefimov.
— Moscow maintains its leading position in the market for preferential family mortgage loans. The number of loans issued between January and May 2022 increased 2.5 times compared to the same period last year, while the average figure for Russia increased 2.2 times, he said.
According to Yefimov, in the five months of 2022, about 496.3 thousand square meters of housing with a total value of 116.3 billion rubles were purchased through family mortgages in the capital. The weighted average rate under the program in Moscow was 4.71 percent.
Moscow Government Minister, Head of the Department of Economic Policy and Urban Development Kirill Purtov added that from January to May, about 6,100 soft loans were given to families with one child.
Program participants can be families in which a child was born between January 1, 2018 and December 31, 2022, and a mortgage can be contracted until the end of 2023.
Prior to this, Purtov said house prices had started to correct in the capital after a long period of fluctuations and growth. According to the minister, the main reason for the drop in prices was human behavior.
Source: vm.ru
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