Teller Report

The Ministry of Construction intends to introduce measures for developers of commercial real estate

7/25/2022, 11:46:33 PM

The Ministry of Construction of Russia plans to introduce measures to support commercial real estate developers in the near future.


“Currently, our proposals in this area are being worked out with the Ministry of Economics,” said Alexander Lomakin, First Deputy Minister of Construction and Housing and Public Utilities, in an interview with RIA Real Estate.

According to him, the proposals were initially designed for a key rate of 20%, but then the rate dropped rather quickly.

Earlier, President of the International Academy of Mortgage and Real Estate Irina Radchenko, in an interview with Nation News, told what kind of housing can be purchased in Russia without overpayment.