Family mortgage may expand to families with one child

The possibility of expanding family mortgages for secondary housing in cities with a low volume of housing construction is also discussed, the Ministry of Finance said.

The question of a new expansion of family mortgages was raised due to low sales of primary housing, said the head of the “mortgage bureaus” by Kamil Fazlyev. In addition, the market was influenced by the revision of preferential mortgage programs. The share of mortgage transactions that remains on the market is insufficient to maintain sales from developers. Cooling the market of new buildings becomes critical for developers, the expert says. The exit may be the expansion of the circle of beneficiaries. Among those who are available, preferential loans can get families with one child.

Against the backdrop of barrage bets on a market mortgage, the expansion of a family mortgage, which is now the most popular preferential program, can lead to a significant increase in housing demand, the author of the Truevalue project Viktor Tunev believes. The current level of demand does not allow the construction industry to develop the same pace.

The expert agrees that measures are needed to normalize the mortgage market. In his opinion, the problem is not to cool the market. Family mortgage issues are now high and they will grow confidently. It is important that the market rates normalize relative to the key rate.

source: CYANOGEN