“This order is a very necessary thing. The solution of housing problems of the population, especially at the exit from this difficult situation associated with the spread of coronavirus, can be a driver for the development of any industry, ”the expert said.

Kalachev also noted the importance of housing development in Russia.

“It is not yet clear how many people can be involved in this program, but I believe that many thousands. This will greatly contribute to the development of the Russian economy and the normalization of our lives, ”he said.

Earlier, Russian Prime Minister Mikhail Mishustin signed a decree on a program of preferential mortgages at 6.5% per annum.

The preferential mortgage will be valid until November 1, 2020, and the rate of no higher than 6.5% is maintained for the entire loan term.