The President of the RF, Vladimir Putin, has charged the Central Bank and the RF Government with finding ways to decrease the mortgage loan rates.
The Head of Russia spoke about this at the sitting of the State Council on the development of the Russian construction complex.
According to him, mortgage loans are a powerful driver for housing construction, and Russians still need new housing, especially economy class. The demand may be met only with the help of market mechanisms, including mortgage loan lending. In the course of five years, this tool has provided for the growth of housing put in operation, which has gone up by 60%, and of economy-class housing, which has gone up by 90%. Vladimir Putin pointed out that the Central Bank and the Government should jointly find ways to decrease the rates of such credit.