Final decision on fate of preferential mortgages in Russia will be made by the president. Deputy Head of the Ministry of Construction Nikita Stasishin says there are no disagreements in the Cabinet about the development of mortgages.
Central Bank of Russia: Average term of a mortgage loan will increase from 18 years in 2020 to 25 years. Russian leader Vladimir Putin also announced the extension of subsidies for mortgage repayments for large families. The average mortgage term in Russia is now 18 years, according to the Central Bank.