“the Maximum loan amount for residents of Moscow, St. Petersburg, Moscow and Leningrad regions increased from 8 to 12 million roubles, and for residents of other regions – up to 6 million rubles, – said the Prime Minister at a meeting with his deputies. This is a very important change. They will allow a greater number of citizens to buy apartments in new buildings and to improve their living conditions”.
According to mishustina, the launch of this mortgage program has contributed to the reduction of interest on loans. The average rate now stands at 7.4 percent. “There is potential for further decline,” – said the Prime Minister.
