Extension of the Far Eastern mortgage until 2030 will help attract developers to FEFD
It is important now to give a signal to developers so that we do not stop the pace [of construction, – Ed.] If we say today that our concessional mortgage programme is only until 2024, it is a very bad signal. <...> I would like to ask the Ministry for the Development of the Far East and Arctic to support the initiative to extend preferential mortgages until at least 2030. It would be a good signal to our developers that the government helps people to buy housing at an affordable price in the first place — Gadzhimagomed Huseynov, First Deputy Minister of the Russian Federation for the Development of the Far East and the Arctic.
We support the proposals to extend subsidized mortgages. <...> When the mortgage subsidy programme [is only designed, – Ed.] until 2024, the question arises: ‘What will happen next? <...> Mortgage subsidy programmes until at least 2030 will definitely support the development of housing construction — Aleksandr Prygunkov, Member of the Board of Directors, Samolet Group.
All of our five mortgage subsidy programmes are in place in the FEFD. There are preferential, family, Far Eastern, rural and military mortgages, as well as mortgages for IT specialists, but this is still a pilot project. In fact, only three programmes are in demand here: Far Eastern, rural and military, so the budgets that the Ministry of Finance initially earmarked to subsidize the preferential mortgage and family mortgage programmes are available for redistribution in favour of Far Eastern mortgages. <...> It is time to adjust the conditions of this programme because we need to extend it, without extending it we will not be able to make long-term development plans — Anatoly Pechatnikov, Deputy President – Chairman of the Management Board, VTB Bank.