“We also always talked about the need to make the program more targeted.

To improve targeting, it should be provided that preferential mortgages can be used only once,” Danilova said in an interview with the Izvestia newspaper.

According to her, this may help to avoid additional investment demand, in a situation where people take several loans.

She added that as a result of this, prices are rising and the availability of housing for citizens is decreasing.

Earlier it became known that more than 600 thousand Russians took advantage of mortgage programs this year.