He noted that the program of preferential mortgages is showing its effectiveness - it has become a good tool to support demand in the market.

“Banks have already received almost 260 thousand applications and issued more than 63 thousand loans worth almost 160 billion rubles,” Khusnullin wrote on Instagram.

Russian President Vladimir Putin on June 23 in an appeal to citizens proposed expanding the program of preferential mortgages at 6.5%. So, he came up with an initiative to issue it for housing in new buildings up to 12 million rubles in Moscow, St. Petersburg, Moscow and Leningrad regions and up to 6 million rubles in other regions.