Putin noted that the measures taken to support the demand for new housing, in general, are working.

“Naturally, for the long-term sustainability of the housing market, supply must also grow.

That is, it is necessary to build more, so that there is a choice and the balance of housing prices is observed, so that there are no unreasonable leaps here, ”the Russian leader emphasized.

He also instructed to achieve indicators when at least 5 million Russian families annually improve their living conditions.

“For this we need to increase the volume of housing construction to 120 million square meters.

m per year, "Putin added.

At the same time, he recalled that about 80 million square meters were commissioned last year.

m. housing.

At the same time, according to experts, the volume of mortgage loans in 2020 will exceed last year's figures, Putin said.

In July, Putin said that the Russian authorities have a historic chance to fundamentally resolve the housing issue in the country in the foreseeable future.