“The dynamics here are still weaker than the forecast, and in order to make the purchase of housing more affordable for citizens, in order to stimulate construction in general, I propose to reduce the preferential mortgage rate from 12 ... to 9%,” he said at a meeting on economic issues.
Putin added that preferential mortgage terms should be extended until the end of 2022.
Earlier, NSN reported that in March and in the first quarter of 2022 in general, a record number of mortgage transactions was concluded in Moscow since the beginning of the year.