“We need to strive to reduce the mortgage rate as a whole,” the head of state said.

He expects that as the pilot project with a 2% mortgage for young people in the Far East "will reduce the mortgage rate in the whole country."

“And at some point this (high interest rates. - RT) may simply cease to be so relevant. That's what we should strive for, but it will depend on the state of the economy as a whole, ”he added.

On September 5, Putin, speaking at the WEF plenary meeting, approved the idea of ​​launching a special mortgage program in the Far Eastern Federal District for young families at a rate of 2% per annum.