“The issue of launching industrial mortgages in Russia will be worked out – providing preferential loans to enterprises at a rate of up to 5% per annum for the purchase of real estate directly from an industrial developer,” the government’s website says.
The Ministry of Industry and Trade, the Ministry of Finance and the Ministry of Economic Development, with the participation of the heads of a number of regions, were entrusted to develop the issue by June 9.
On May 1, Mishustin signed a decree on reducing the mortgage rate to 9% and extending this program until the end of the year.
He also stated that the maximum loan amount for preferential and family mortgages will be increased.